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Payroll, salary slip - mention the complete earned amount based on an hourly rate on the salary slip?
Hello everyone i m here again with a new doubt. i hope will get the correct resolution on this. so as my company is paying to the employees based on hourly pay. here is how we pay to somebody: for 30 days: 8 hours per day total number of working days 826 208 hours. it covers sunday s. paid leaves are added manually per hour rate ctc/208 salary for the month total number of hours emp worked for that month per hour rate leaves now this is the salary distribution structure of my company. now here are the 2 queries i have: 1. how can i create the salary structure for this and what are the things to be added in the salary slip of the employee. 2. if i m creating only a single component in the salary slip which is "time sheet component" and mention the complete earned amount based on an hourly rate on the salary slip and put deduction of incometax only does it create any issues in income tax for the employee? employees will be able to claim the loans using those salary slips? i hope the issue is clear let me know if anybody needs any other information on this topic to clarify my doubt. thanks
Hr in numbers language
Hello friends as we all know that numbers speak for themselves whats expressed in numbers is generally understood easily and also it is justifiable in a more convincing manner when compared to literature. the below mentioned ratios definitely is indicative of the performance of hr in any given organisation and is the most widely used and accepted methodology for calculation. employee turnover well many of us are at crossroads as to how to calculate employee turnover. each one of us has a standard and when we compare our statistics with other organizations we are embarrassed aren t we? well here is the equation set by the united states beaureau of labor statistics turnover number of employee separations during the month/total number of employees at mid month100 lets hope that now on all of us speak on the same wavelength eh absenteeism rate various methods of measuring or computing absenteeism exist. well here is the formula suggested by us department of labour : number of persondays lost through job absence during period/average number of employees x number of work days100 cost of interview coi st mt / ni st total staff time spent on interviewing candidates staff hourly rate x hours spent mt total managers time spent on interviewing candidates managers hourly rate x hours spent ni no of candidates interviewed cost of hire coh st mt ac pc st total staff time spent on interviewing candidates staff hourly rate x hours spent mt total managers time spent on interviewing candidates managers hourly rate x hours spent ac advertisement cost if multiple advt. then divide advt. cost by nos. of positions pc placement charges paid regards ramya
Is monthly leave is eligible for hourly paid people
Hi i am working in manpower consultancy and we are deputing the people on hourly basis. we are also paying them on hourly basis. we are deducting the pf and paying our contribution to the said employees. now the employees are asking for monthly leave. is there any provision for it. kindly support. s. chockalingam 93400 12202
Help required on salary calculation on hourly basis
Can someone help me how to cut salary according to hourly base??
Work load analysis
Dear all in our organization my newly joined boss want to do work load analysis he asked me to take meeting with department head and asked all hods to submit hourly work report in next week. all other hods are very much senoir by experience & age. myself really not liked this type of approach but i couldn t refuse my boss . my question is that : is it really helpful to org.? how one can approach such senior person for report of hourly work? how to refuse in polite words for submitting this type of report as no one like to give report in hourly basis ? regards abhay
Overtime pay uae labour law
i am very confused for computation of holiday pay. i have a guidelines states that should be paid 250 of the gross hourly rate.likewise 150 for firday. if the salary is 2000 aed fixed monthly rate. friday is paid leave. how will i compute if employee works 5 hours in friday? is this correct? 2000/30/81.50 5hrs 62.45 friday ot2000 2062.45 but others computed as this: 2000 / 30 / 8 .50 5hrs 20 friday ot 2000 2020.00 because the 100 in friday is already included in 2000? as well as in holiday computation.