How to pay employees is always a matter of concern for many people. Especially in the current era of digital technology development, the form of salary payment through bank accounts is becoming more and more popular.
Therefore, many people wonder whether there is any regulation on the minimum wage that requires payment through a bank account or not, and the answer is that there is no specific regulation on the minimum wage that requires payment through a bank account.
According to the provisions of the 2019 Labor Code, employers have the right to freely choose the form of salary payment to employees, which can be in cash or through a bank account. This provision aims to ensure the freedom in entering into labor contracts between employers and employees.
Illustration: VnE.
However, in modern society, most payments to employees are usually made through bank accounts because this brings many benefits to both employees and businesses.
For employees: Minimize the risk of losing cash when traveling. Easily track transaction history, ensure salary benefits; Can withdraw money anytime, anywhere there is an ATM; Support cashless payments, contribute to building a modern society.
For businesses: Reduce cash management costs, reduce loss risks; Track payment history, convenient for reporting; Demonstrate transparency and modernity of the business.
In short, paying salaries through bank accounts is not only a trend but also an optimal solution, bringing many benefits to both employees and businesses.
Therefore, although there is no mandatory regulation to pay salary through bank account according to specific salary level, this is an encouraged form of salary payment. Choosing which form of salary payment is the right of the employer and the employee, however, priority should be given to choosing the form that brings the most benefits to both parties.
Source: https://vtcnews.vn/luong-bao-nhieu-thi-phai-tra-qua-tai-khoan-ngan-hang-ar904272.html
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