A salary register or a payroll register, is a detailed record of the compensation paid to employees during a specific period. It serves as a ledger or register where payroll-related information is systematically recorded, facilitating accurate tracking of financial transactions related to employee salaries and benefits.
The salary register is part of payroll management. It helps organisations maintain accurate financial records, comply with applicable tax regulations, and provide employees with transparent and detailed information about their compensation. It is often used in conjunction with other payroll documents to ensure the integrity and accuracy of payroll processes.
FAQ
Yes, the Salary Register is considered confidential information. It contains sensitive details about individual employees' compensation, and access to this information is usually restricted to authorised personnel within the organisation.
The Salary Register serves as the foundation for payroll processing. It provides the necessary data for calculating individual salaries, taxes, and other deductions. This ensures that employees are accurately compensated and payroll compliance is maintained.
Employees typically receive their Salary Register information through secure and confidential channels, such as employee portals or direct communication from the HR department. Access is often restricted to protect the confidentiality of the data.
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