Hi Seniors,
Need your help...I'm working as a HR Executive in IT company and one of my employee is now working from full time to part time. So now how can I calculate her salary??? What should we pay now?
Annual Salary - 120000/-
Monthly Salary - 10000/-
Full time working hours - 08
Part time working hours - 05
Company working Days - 6 days
Quick Reply will be highly appreciated regarding this topic.
Regards,
Anmol Patel
From India, Ahmedabad
Need your help...I'm working as a HR Executive in IT company and one of my employee is now working from full time to part time. So now how can I calculate her salary??? What should we pay now?
Annual Salary - 120000/-
Monthly Salary - 10000/-
Full time working hours - 08
Part time working hours - 05
Company working Days - 6 days
Quick Reply will be highly appreciated regarding this topic.
Regards,
Anmol Patel
From India, Ahmedabad
Dear Anmol,
Please elaborate your query further. What is nature of his employment as a part timer. Is he working as a freelancer, and is paid basis projects only or is more like a retainer. Usually, when you appointment someone as a part timer/freelancer, you discuss the terms of pay and engagement in advance.
Regards
Rahul
From India, Delhi
152Please elaborate your query further. What is nature of his employment as a part timer. Is he working as a freelancer, and is paid basis projects only or is more like a retainer. Usually, when you appointment someone as a part timer/freelancer, you discuss the terms of pay and engagement in advance.
Regards
Rahul
From India, Delhi
Hi
It should have been discussed before agreeing to the part-time work by both the parties. You may check if proportionate salary would be agreeable and move forward though it does not make much sense in the long run. [for 8 hours you are paying 10k, for 5hours it ought to be 6250.00
Thanks and Regards
From India, Hyderabad
It should have been discussed before agreeing to the part-time work by both the parties. You may check if proportionate salary would be agreeable and move forward though it does not make much sense in the long run. [for 8 hours you are paying 10k, for 5hours it ought to be 6250.00
Thanks and Regards
From India, Hyderabad
Hi Anmol Patel,
All on a sudden, you can not change an employee from full time to part time as you have to fulfill the compliance aspects too. Recommending to issue a new appointment order, communicate changes in compensation, impact in social security like PF, ESI deductions etc. If the person is under a contractor, ensure that the Contractor fulfills all compliance aspects.
Once all formalities are done, process the wage and remit. In this context, let me ask you - how do you compute salary, issue payslip and remit payment - Spreadsheet or Software?
Sharing an interesting video on payroll automation https://www.youtube.com/watch?v=_aRA2C2IAmo
From India, Bangalore
All on a sudden, you can not change an employee from full time to part time as you have to fulfill the compliance aspects too. Recommending to issue a new appointment order, communicate changes in compensation, impact in social security like PF, ESI deductions etc. If the person is under a contractor, ensure that the Contractor fulfills all compliance aspects.
Once all formalities are done, process the wage and remit. In this context, let me ask you - how do you compute salary, issue payslip and remit payment - Spreadsheet or Software?
Sharing an interesting video on payroll automation https://www.youtube.com/watch?v=_aRA2C2IAmo
From India, Bangalore
As already pointed out, this should have been mutually discussed and agreed prior to switch.
Salary can now be discussed and fresh appointment letter can be issued .
Interesting point will be applicability of Gratuity, EL, CL and carry forward of EL.
ESI and PF ,in any case will be applicable.
We have a part time employee, we reduced his EL and CL , based on hours required to be put in and accordingly made out appointment letter.
Col.Suresh Rathi
From India, Delhi
Salary can now be discussed and fresh appointment letter can be issued .
Interesting point will be applicability of Gratuity, EL, CL and carry forward of EL.
ESI and PF ,in any case will be applicable.
We have a part time employee, we reduced his EL and CL , based on hours required to be put in and accordingly made out appointment letter.
Col.Suresh Rathi
From India, Delhi
Dear Mr.Suresh, Could you please provide a copy of the appointment letter issued to the part timer
From India, Hyderabad
From India, Hyderabad
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