Hello Everyone,
Our company is also having a salary cut and we are being cut 20% on basic and the cut is treated as Leave Without Pay. Our HR Head and Accounts Head is new and I just want to know one thing- Should the cut be treated as LWP or as Loss of Pay? When an employee leaves, the salary slip shows LWP, which might tell the prospective employer that this particular employee is irregular. How do we treat this situation?
Rgds
Amla
Our company is also having a salary cut and we are being cut 20% on basic and the cut is treated as Leave Without Pay. Our HR Head and Accounts Head is new and I just want to know one thing- Should the cut be treated as LWP or as Loss of Pay? When an employee leaves, the salary slip shows LWP, which might tell the prospective employer that this particular employee is irregular. How do we treat this situation?
Rgds
Amla