Though, the subject is amply dealt by various experts, here I would like to mention the difference how it affects the employees. Assuming, we calculate the salary on 30 days basis then employee will be benefited for his/her absence whereas will be losing for his overtime payments and in case of 26 days calculation it will be vice-versa. The another point here is employees who are drawing Minimum wages and calculated on 30/31 days basis will not be getting the overtime as per minimum wages and hence the organization will be defaulting on Payment of minimum wages.
Thanks for initiating the thread.
S R Shivrayan
Sr. Manager HR & Admin
Derewala Jewellery Industries Ltd,
Jaipur
Thanks for initiating the thread.
S R Shivrayan
Sr. Manager HR & Admin
Derewala Jewellery Industries Ltd,
Jaipur