What does iou recovery mean on a wage slip?

"Iou recovery" on a wage slip typically refers to the deduction of an outstanding debt or advance that an employee owes to the employer. This could include loans, advances on salary, or other financial obligations that were previously agreed upon. The amount deducted is reflected on the wage slip, reducing the employee's net pay for that period. It's important for employees to review their pay slips for clarity on such deductions.