Hello, According to our shift allowance policy, when an employee works for National Holiday, 1 x daily rate of pay is calculated based on the annual base salary divided by 260 days. However, our company using the daily pay rate is based on basic salary (40% of base salary).
How do companies in India usually calculate the daily rate? Is it based on the basic salary or base salary?
From Singapore, Kampong Punggol
How do companies in India usually calculate the daily rate? Is it based on the basic salary or base salary?
From Singapore, Kampong Punggol
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Human Resources Guide for Information Technology Companies.pdf
Companies employing recognition policy.doc