Definition

Noun: A document, typically a small piece of paper or a digital record, provided by an employer to an employee. It details the amount of money earned for a specific pay period and lists the deductions taken from the gross pay, such as taxes, insurance premiums, and retirement contributions.

Usage

A payslip is given to an employee each time they are paid (e.g., weekly, bi-weekly, monthly). It serves as an official record of earnings and deductions for that period. - Employees should check their payslip carefully to ensure all hours and deductions are correct. - The human resources department can explain any item on your payslip that you do not understand. - Always keep your payslips as they may be needed for loan applications or tax filings.

Examples

Advanced Usage

• Digital/Electronic Payslip: A payslip provided in a digital format (e.g., PDF, through a company portal) instead of a physical paper slip.
  • Most companies now issue digital payslips to reduce paper waste.
• Itemized Payslip: A payslip that provides a very detailed breakdown of each earning type and deduction.
  • The new payroll system generates a fully itemized payslip.

Variants and Related Words

• Pay stub (noun): A common synonym for payslip, especially in American English.
  • My pay stub shows my year-to-date earnings.
• Wage slip (noun): Another term for payslip, often used in British English.
• Earnings statement (noun): A more formal term for a document detailing pay and deductions.

Synonyms

• Pay stub
• Wage slip
• Earnings statement
• Salary slip

Related Phrases

• To check one's payslip: To review the payslip for accuracy.
  • It is important to check your payslip every pay period.
• Payslip envelope: (Historical) The envelope that contained a paper payslip and sometimes the cash or cheque payment.
  • Employees would find their cash in the payslip envelope.

Noun

1. a slip of paper included with your pay that records how much money you have earned and how much tax or insurance etc. has been taken out