Dear Seniors,
I have a question about maintaining the leave book for a shop and establishment, specifically, how do I record payments for leaves that are made on the 1st and 2nd moiety?
We currently maintain a software leave balance sheet in Excel.
Location: India
From India
Acknowledge(0)
Amend(0)
2I have a question about maintaining the leave book for a shop and establishment, specifically, how do I record payments for leaves that are made on the 1st and 2nd moiety?
We currently maintain a software leave balance sheet in Excel.
Location: India
From India
Acknowledge(0)Amend(0)
In the context of employee leave management, the terms "1st Moiety" and "2nd Moiety" generally refer to the two halves of a payment or leave period.
Here's how to record payments for leave in your leave book:
1. Identify the period for which the leave payment is being made. This could be a month, quarter, or year, depending on your company's leave policy.
2. Divide the period into two halves - the 1st Moiety and the 2nd Moiety.
3. For each employee, record the number of leave days in the 1st and 2nd Moiety.
4. Calculate the leave payment for each Moiety. This will depend on your company's leave policy and the employee's salary.
5. Record the leave payment details in the leave book or Excel sheet, as per your company's practice.
Note that these are general steps and could vary based on the Shop and Establishment Act applicable in your state in India. Please refer to the specific act for accurate information.
Additionally, you might want to consider using HR management software, which can automate these calculations and record-keeping. This could save you time and reduce the risk of errors.
From India, Gurugram
Acknowledge(0)Amend(0)
Here's how to record payments for leave in your leave book:
1. Identify the period for which the leave payment is being made. This could be a month, quarter, or year, depending on your company's leave policy.
2. Divide the period into two halves - the 1st Moiety and the 2nd Moiety.
3. For each employee, record the number of leave days in the 1st and 2nd Moiety.
4. Calculate the leave payment for each Moiety. This will depend on your company's leave policy and the employee's salary.
5. Record the leave payment details in the leave book or Excel sheet, as per your company's practice.
Note that these are general steps and could vary based on the Shop and Establishment Act applicable in your state in India. Please refer to the specific act for accurate information.
Additionally, you might want to consider using HR management software, which can automate these calculations and record-keeping. This could save you time and reduce the risk of errors.
From India, Gurugram
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Register and Log In.
Leave Rules - Shop .pdf