Employers issue pay stubs to employees as a form of wage payment. A paycheck, also spelled paycheck or pay stub, is a paper record issued by an employer to pay a worker for particular services rendered. It contains all the information required by the employer like the date of payment, amount of payment, time of payment etc. Paystubs were created when employers began using payroll checks to replace cash. Pay stubs were first developed in the United States. Employers used them to track employee attendance and work hours. Paystubs were initially created to reduce fraud in the labor marketplace and increase accuracy. For those who have virtually any concerns concerning in which in addition to how you can make use of pay stub example, you’ll be able to email us on our web-page.
The advent of computers, software, and the internet has made payroll easier and more paperless. This has given employees more time to organize their work schedules, plan their next work schedule, and take sick leave without penalty. Payroll is now easier to manage as all gross earnings can be added to calculate the pay rate. Employees used to have to enter the details of every earning from different departments in order for the company’s payroll system to work.
Now every employee has a paystub that contains information about his gross earnings. All data is entered by the employee and not the employer. Paystubs include information such as hours worked and deductions. The employer can calculate the … Read the rest