What is the maximum amount of an employee's salary advance?
Regulations on salary payment period for employees
Regulations on the salary payment period for employees are clearly stipulated in the 2019 Labor Code. The regulations show that the salary payment period will be agreed upon by both parties but must not be later than 15 days. with the time agreed by both parties. Employers can pay employees daily, weekly or monthly. However, the salary payment must have a clear cycle and must be specifically expressed in the contract and must be confirmed and agreed by the employee.
According to the provisions of Article 97 of the 2019 Labor Code, regulations on salary payment terms are as follows:
“1. Employees who are paid by the hour, day, or week will be paid after the hour, day, or week of work or be paid in lump sum as agreed upon by both parties but must not exceed 15 days and must be paid in one lump sum.
2. Employees who receive a monthly salary are paid once a month or once every half a month. The time of salary payment is agreed upon by both parties and must be set at a cyclical time.
3. Employees receiving wages based on products or pieces of work are paid according to the agreement of both parties; If the work must be done for many months, monthly salary will be advanced according to the amount of work done during the month.
4. In case due to force majeure the employer has tried all remedies but cannot pay wages on time, the delay must not exceed 30 days; If salary is paid late for 15 days or more, the employer must compensate the employee with an amount at least equal to the interest on the late payment calculated according to the 1-month term deposit interest rate due to the delay. The bank where the employer opens the salary account for the employee shall announce it at the time of salary payment.”
In what cases are employees entitled to salary advances?
In what cases are employees entitled to salary advances? There are many cases where the law allows employees to request an advance from the employer. The most common acceptable reasons given are family difficulties, raising sick children, paying school fees for children. By presenting the reason to the employer in a reasonable manner, the employee will be able to request a salary advance for himself without being charged any interest costs.
According to the provisions of Article 101 of the Labor Code 2019, regulations on salary advances are as follows:
"first. Employees receive salary advances according to conditions agreed upon by both parties and are not charged interest.
2. The employer must give the employee a salary advance corresponding to the number of days the employee is temporarily absent from work to perform civic duty for 01 week or more but not exceeding 01 month's salary according to the maximum. labor contract and the employee must repay the advance amount.
Employees who enlist in the military under the provisions of the Military Service Law are not entitled to salary advances.
3. When taking annual leave, employees are given an advance payment at least equal to the salary for the days off."
What is the maximum amount of an employee's salary advance?
What is the maximum amount of an employee's salary advance? The maximum advance for employees is 01 month's salary for which they are working. This is a reasonable regulation because the amount of money they advance is their monthly salary. Therefore, this regulation is completely reasonable. When applying for a salary advance in HR or accounting, employees need to know these regulations in advance to know the maximum amount of money they will be approved for and prepare documents to request an advance in accordance with the regulations. .
According to the provisions of Clause 2, Article 101 of the 2019 Labor Code, regulations on salary advances are as follows:
2. The employer must give the employee a salary advance corresponding to the number of days the employee is temporarily absent from work to perform their civic duties for 1 week or more but must not exceed a maximum of 01 month's salary according to the regulations.labor contract and the employee must repay the advance amount.
Employees who enlist in the military under the provisions of the Military Service Law are not entitled to salary advances.
According to what principles is salary payment made?
The current salary payment for employees is clearly regulated, so businesses are forced to follow it. Paying employees must now be done directly through cash payment or transfer, and the specific pay date must be clearly recorded in the company's internal regulations. When paying wages to employees, they must not deduct unreasonable expenses prohibited by law and the payment of wages must be clearly shown on the payroll.
According to the provisions of Article 94 of the Labor Code 2019, regulations on salary advances are as follows: salary payment principles are as follows:
"first. Employers must pay wages directly, fully and on time to employees. In case the employee cannot receive salary directly, the employer can pay salary to the person legally authorized by the employee.
2. The employer must not restrict or interfere with the employee's right to decide on salary spending; Employees must not be forced to spend their salary on purchasing goods or using services of the employer or other units designated by the employer.