The Guidelines were formulated after MOM, NTUC and SNEF consulted various stakeholders. Feedback was that many smaller SMEs, especially enterprises such as 'mom and pop' shops and hawkers, find issuing itemised payslips challenging. The Guidelines therefore aim to prepare these businesses to change their practices in a sustainable way, so that they are able to comply when we make it a legal requirement.
The Guidelines set out how companies can put in place the system of administering payslips, and provide payslip templates that companies may use and customise based on their own needs. The payslip should include items such as basic salary, total allowances and total deductions for each salary period, as illustrated in Annex A and B of the Guidelines. MOM is also working with IDA and SPRING to provide by April 2014, tools such as simple payslip booklets, downloadable templates, and funding support for companies to develop customised solutions for the issuance of payslips. SMEs that require assistance can approach any of the SME Centres listed in the Guidelines. NTUC and SNEF will also actively reach out to encourage and assist their members to adopt the guidelines.
Download the guidelines here: