Understanding Loss of Pay for Contract Jobs in Public Sector: What Should You Know?

How is the loss of pay calculated for a contract-based job with a monthly salary in a public sector firm?

In a public sector firm, the calculation of loss of pay for contract-based jobs with monthly salaries is typically determined based on the terms outlined in the employment contract. Factors such as the duration of the contract, any provisions for paid or unpaid leave, and specific company policies regarding salary deductions in case of absence or loss of working days may all come into play. It is essential for employees to refer to their contract or consult with the HR department to understand how loss of pay is calculated in their specific employment situation.

Dear Mr. Biju,

Are you asking this question as an employer or as an employee? You have stated that it is a monthly salary. Monthly gross salary is divided by total days or by 26 days multiplied by total days worked + weekly off + national or festival holidays + paid leaves like CL/SL/PL, etc.

A contract employee is on par with a regular monthly salary employee in terms of the method of calculation of salary.