When to use the payslip maker
Since November 2021 a Korean employer has had to issue a wage statement with every payment, no matter how few people are on the books. A shop with one part-timer is not exempt. What is less clear is what has to be on it.
The law asks for more than a figure: payments itemised, deductions listed, and — for anything that varies with hours — the method of calculation. This works out the ordinary hourly wage, derives the premiums from it, and prints the arithmetic alongside.
How to use it
- 1Fill in the period, the payment date, and both parties. Turn on Remember and the business details carry to next month.
- 2Add the fixed payments — base pay, meal allowance and so on.
- 3Enter overtime, night and holiday hours. The amounts follow from the hourly wage and the multiplier, and the formula goes on the statement.
- 4Add the deductions. For statutory insurance, check the rates and let it work them out.
- 5Build, and you get a single A4 page.
Common questions
- Does a business with fewer than five staff have to issue one?
- Yes. It applies to every employer paying wages, regardless of headcount, including day workers and short-term part-timers.
- Are the default insurance rates correct?
- Check them. The rates change annually and the defaults are only recent values. Look up this year's published figures and correct them — which is why the rate fields are editable.
- Why isn't income tax calculated?
- It comes from the withholding table and depends on dependants, so a single percentage cannot produce it. Enter the figure you looked up.
- Why divide by 209 hours?
- A forty-hour week plus the paid weekly rest is conventionally treated as 209 hours a month. If the contract differs, put in the hours that apply.
- Does the salary data go to a server?
- No. The statement is built in the browser. Remember stores only the business details — never the employee's name or pay.