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    Amendment of Payroll Cut-Off Date and Calculation Date

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    aini.hr.charms
    This memo announces changes to payroll, unpaid leave, and overtime cut-off dates and calculation periods. It specifies that the new cut-off date is the 25th of each month for payroll, unpaid leave, overtime, and punch card submissions. Employees must submit overtime claim forms by the 25th to ensure timely payment. Salary will be credited on the 28th of each month, unless it falls on a holiday then it may be earlier, and for non-Maybank accounts it may take longer to receive payment. Any questions should be directed to HR.

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    Amendment of Payroll Cut-Off Date and Calculation Date

    Uploaded by

    aini.hr.charms
    375 views1 page
    This memo announces changes to payroll, unpaid leave, and overtime cut-off dates and calculation periods. It specifies that the new cut-off date is the 25th of each month for payroll, unpaid leave, overtime, and punch card submissions. Employees must submit overtime claim forms by the 25th to ensure timely payment. Salary will be credited on the 28th of each month, unless it falls on a holiday then it may be earlier, and for non-Maybank accounts it may take longer to receive payment. Any questions should be directed to HR.

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    AMENDMENT OF PAYROLL CUT-OFF DATE AND CALCULATION DATE

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    This memo announces changes to payroll, unpaid leave, and overtime cut-off dates and calculation periods. It specifies that the new cut-off date is the 25th of each month for payroll, unpaid leave, overtime, and punch card submissions. Employees must submit overtime claim forms by the 25th to ensure timely payment. Salary will be credited on the 28th of each month, unless it falls on a holiday then it may be earlier, and for non-Maybank accounts it may take longer to receive payment. Any questions should be directed to HR.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    375 views1 page

    Amendment of Payroll Cut-Off Date and Calculation Date

    Uploaded by

    aini.hr.charms
    This memo announces changes to payroll, unpaid leave, and overtime cut-off dates and calculation periods. It specifies that the new cut-off date is the 25th of each month for payroll, unpaid leave, overtime, and punch card submissions. Employees must submit overtime claim forms by the 25th to ensure timely payment. Salary will be credited on the 28th of each month, unless it falls on a holiday then it may be earlier, and for non-Maybank accounts it may take longer to receive payment. Any questions should be directed to HR.

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    MEMO

    Ref. No. :
    Date : 21st February 2024

    From : HR & ADMIN DEPARTMENT

    To : All Staff

    Subjects : AMENDMENT OF PAYROLL CUT-OFF DATE AND CALCULATION DATE

    Dear all,

    This memorandum serves to inform all employees regarding payroll, unpaid leave, and overtime cut-off
    dates and calculation dates. Furthermore, all staff members need to be aware of the submission date
    of the overtime claim form and punch card.

    Subject Cut-off Date Calculation Date Submission Date


    Payroll 25th each month 1st– 28th /29th /30th /31st N/A
    Unpaid Leave 25th each month 26th – 25th each month N/A
    Overtime 25th each month 26th – 25th each month Latest by 25th each month
    Punch Card 25th each month N/A Latest by 25th each month

    Failing to submit the overtime claim form on the 25th or before will cause overtime to not be calculated
    and paid on time. Kindly need your cooperation to explain the time missing on the punch card if it is not
    related to the leave that has been requested to avoid your salary being deducted.

    Please refer to the previous memo FE/HRM/PAYROLL (1) dated 18th April 2022. The payroll calculation
    cut-off date that was practiced before is on the 20th each month. Thus, for the month of February, the
    calculation of unpaid leave and overtime will be from 21st January 2024 until 25th February 2024.

    Salary will be credited to all staff bank accounts on the 28th. However, if the 28th falls on a public holiday,
    rest day, or off day, it depends on the company's discretion to credit the salary earlier than the 28th, or
    it will be credited into your account after the 28th. For those other than Maybank account holders, it will
    take some time for the salary to be credited into your bank account, so please refer to your bank's IBG
    crediting schedule.

    Please do not hesitate to contact your HR personnel if you have any inquiries. Your understanding and
    cooperation are highly appreciated.

    Thank you

    HR & ADMIN DEPARTMENT

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