Replacement Wage Slips Key Terms
Discover the convenience of replacement wage slips and learn more about electronic pay stubs
People may need to show a pay stub when they apply for loans, but coming up with a lost pay stub was once an a big problem for an employee at a company. Now, a replacement wage slip acts as a convenient alternative to a misplaced original pay stub. Today, there are various solutions to the problem of a lost wage slip, such as the electronic pay stub, replacement W-2s or P60s and self-service human resources.
Electronic pay stub
An electronic pay stub, also called an online pay stub or a paperless pay stub, is a record of the same pertinent information found on a traditional pay stub, but is stored electronically instead of printed on paper for an employee.
Try: To find out more about electronic pay stubs and the advantages of using them please visit PayStubs Online.
Self-service human resources
Many human resources departments are trying to save time and money by using self-service human resources. Employees can log on to the system and check their important data, including the retrieval of lost wage slips.
Try: Learn more about self-service human resources from Oracle.
Payroll software
Payroll software is used by companies to manage employee time sheets, calculate the amount of money that they should receive and even print out the checks. If an employee needs a replacement wage slip, human resources should be able to print a new one out using the software.
Try: Learn more about payroll software at Payroll Data Services.
Check stub template
When an employee needs a replacement wage slip, human resources may choose to use a check stub template to create a new one. They simply have to fill in the employee's data.
Try: See check stub templates at File Guru.
Replacement P60s or W-2s
The certificate referred to as the P60 (in the U.K.) and W-2 (in the U.S.) contains the total amount of pay earned by an employee along with deductions. This document is given to a worker by his or her employer at the end of that particular tax year.
Try: To find out more about the specific information contained in a P60 and why it is an important document go to Directgov. Learn what to do if you need a new W-2 from Bankrate.com.
Paper pay stub
A paper pay stub is a printed document including important pay stub information that is usually sent to an employee by his or her employer via the traditional mail system or simply given to the person at work.
Try: For a rundown of the different types of information that are normally found on a pay stub check out Clearpoint Financial Solutions.
Copyright © 2011 Business.com, Inc. All Rights Reserved.