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Wage Verification Letter

Wage Verification Letter Template for Austria

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Key Requirements PROMPT example:

Wage Verification Letter

"I need a Wage Verification Letter for an employee's mortgage application, which must include their full salary history for the past three years, details of their 13th and 14th month payments, and confirmation that their employment contract will continue beyond January 2025."

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Document background
The Wage Verification Letter is a crucial document in the Austrian employment landscape, serving as an official confirmation of an individual's employment status and income. This document is frequently requested by various institutions such as banks, embassies, or landlords to verify an employee's financial stability and employment status. The letter must comply with Austrian labor law requirements and data protection regulations, including both the Austrian Data Protection Act (DSG) and GDPR. It typically contains essential information such as the employee's position, duration of employment, current salary, and other compensation components. The Wage Verification Letter is commonly used for visa applications, mortgage or loan applications, rental agreements, or other situations requiring formal verification of employment and income. The document must be issued on company letterhead and signed by an authorized representative to be considered valid.
Suggested Sections

1. Company Letterhead: Official company letterhead including full legal company name, address, and registration details

2. Date and Reference: Current date and any relevant reference numbers

3. Employee Information: Full name, date of birth, and position of the employee

4. Employment Status: Confirmation of employment, including start date and type of employment (full-time/part-time)

5. Wage Information: Current salary/wages, payment frequency, and any guaranteed additional compensation

6. Authentication: Signature block with name and title of authorized company representative

Optional Sections

1. Historical Salary Information: Previous salary levels and dates of changes, used when required for specific purposes like mortgage applications

2. Working Hours: Specification of weekly working hours, included when relevant for visa applications or other official purposes

3. Additional Benefits: List of additional benefits provided, included when relevant for total compensation verification

4. Performance Statement: Brief statement about employee performance, included when requested for specific purposes like visa applications

5. Future Employment: Statement about future employment terms or contract duration, included for fixed-term contracts or when specifically requested

Suggested Schedules

1. Salary History Appendix: Detailed breakdown of salary history over specified period, attached when historical salary information is required

2. Benefits Summary: Detailed list of all benefits and their monetary value, attached when comprehensive compensation verification is needed

3. Working Hours Schedule: Detailed breakdown of working hours and overtime arrangements, attached when required for specific purposes

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Banking and Financial Services

Technology

Manufacturing

Healthcare

Retail

Construction

Education

Professional Services

Hospitality

Public Sector

Transportation

Energy

Telecommunications

Real Estate

Non-Profit Organizations

Relevant Teams

Human Resources

Payroll

Legal

Finance

Administration

Executive Office

Compliance

Corporate Services

Relevant Roles

HR Manager

HR Director

HR Business Partner

Payroll Manager

Compensation and Benefits Manager

HR Administrator

Office Manager

Executive Assistant

Legal Counsel

Company Secretary

Finance Manager

Chief Financial Officer

Managing Director

Chief Executive Officer

Department Head

Industries
Austrian Labor Law (Arbeitsrecht): Framework legislation governing employment relationships, including requirements for wage documentation and employment verification
General Civil Code (ABGB - Allgemeines Bürgerliches Gesetzbuch): Basic provisions regarding employment contracts and obligations between employers and employees
Data Protection Act (DSG - Datenschutzgesetz): Regulations on handling personal data, including employee information and salary details
EU General Data Protection Regulation (GDPR): European-wide data protection regulations that affect how personal and salary information can be processed and shared
Wage Protection Act (Lohn- und Sozialdumping-Bekämpfungsgesetz): Legislation ensuring accurate wage documentation and preventing wage dumping
Income Tax Act (EStG - Einkommensteuergesetz): Regulations regarding income tax reporting and documentation requirements for wages
Social Security Law (ASVG - Allgemeines Sozialversicherungsgesetz): Provisions regarding social security contributions and related documentation requirements
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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