How Do I Pay for my Employees' Salaries in Companio Work?

Every month, Companio Work follows a specific process to handle the payment of salaries for employees. Here are the steps involved:

1. On the 1st of the month, we send a reminder to you, the customer, informing you that you have until the 4th to specify any bonuses you would like to include in the payroll for that month. Additionally, we advise you that the invoice for the salaries of your global employees will be sent soon.

2. We take bonuses into account, and our dedicated HR team calculates the total costs, including taxes and other relevant factors. They will generate the proper invoices for you to pay, and you can expect to receive them starting from the 5th of each month.

3. We send reminders for unpaid invoices on the 15th and 20th of the month to ensure timely payment.

4. Once each invoice is paid by you, we process the payments and notify the HR Manager.

5. We handle the payment of salaries to the employees and also manage the payment of social taxes to the authorities. We notify the HR Manager once these payments have been made.

6. Finally, we notify you, the customer, and the employee that the salary and fees have been paid successfully.

What Are the Consequences if I Fail to Pay an Employee’s Salary for One Month?

This can be a very problematic situation, with legal consequences. Initially, the deposit will cover a delayed payment, but this is not ideal.

Hiring an employee entails significant responsibilities and legal obligations for the employer. This includes ensuring the ability to pay the salary, deducting taxes, complying with labor laws, providing benefits, maintaining accurate records, and respecting employee rights.

It's also crucial to adhere to the employment contract and ensure financial stability to avoid legal issues and maintain a positive relationship with employees.

Updated on: 24/06/2025