Dear All, Please let me know how to calculate the salary changes due to COVID 19. As we need to pay different percentages of salaries to different staff.
Please advice how to calculate the salary weather on Gross of an employee or deduction can be made on take home as well.
From India, Chandigarh
1Please advice how to calculate the salary weather on Gross of an employee or deduction can be made on take home as well.
From India, Chandigarh
Salary structures are locked in - once an offer of employment has been made to the prospective candidate. The data is then seeded into respective payroll systems/ portals.
There is NO way that salary structures should be modified now just to suit business interests and goals. As far as COVID-19 pandemic is concerned - it really doesn't alter anything and salary structures are going to be same as originally agreed with the employees. It is illegal to change salary structure without the consent of effected employees.
Quick thoughts:
1. Please obtain guidance on new/ altered salary disbursement modalities from your local Labour Union office before rolling out any communication to the employees
2. Please obtain consent from the effected employees on their new/ altered salary structures with clear timelines
3. Please handle grievances in a professional manner, when you receive them and ensure closure
4. Many organizations are resorting to % salary cuts these days and that is happening on Gross components of salary
From India, Delhi
There is NO way that salary structures should be modified now just to suit business interests and goals. As far as COVID-19 pandemic is concerned - it really doesn't alter anything and salary structures are going to be same as originally agreed with the employees. It is illegal to change salary structure without the consent of effected employees.
Quick thoughts:
1. Please obtain guidance on new/ altered salary disbursement modalities from your local Labour Union office before rolling out any communication to the employees
2. Please obtain consent from the effected employees on their new/ altered salary structures with clear timelines
3. Please handle grievances in a professional manner, when you receive them and ensure closure
4. Many organizations are resorting to % salary cuts these days and that is happening on Gross components of salary
From India, Delhi
You can actually add a salary component called "Other Deductions" and dedecut the payment if it's a deferement.
Or
if it's a permanent cut - you can dircetly do it from the Gross - but this will have an adverse impact for few employees paying PF and who might loose PF slabs because of this.
In either way auditing files has to be submitted.
From India, Bengaluru
Or
if it's a permanent cut - you can dircetly do it from the Gross - but this will have an adverse impact for few employees paying PF and who might loose PF slabs because of this.
In either way auditing files has to be submitted.
From India, Bengaluru
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.
Calculate Your Age.xls
Guidelines to Calculate the Net Worth of Human Capital.pdf