BUSINESS ADMINISTRATION
INDUSTRIAL RELATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The daily wage calculation pattern for companies with a working system of 6 (six) days in 1 week is:
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Monthly salary divided by 25
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Monthly wage divided by 21
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Monthly salary divided by 30
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Monthly wages divided by 28
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Explanation:
Detailed explanation-1: -Get Hourly Pay = Monthly Salary ÷ Hours Per Month. Get Daily Pay = Hourly Pay x Hours Per Day.
Detailed explanation-2: -For calculating salary, we must consider 30 days irrespective of any month. We consider 26 days for Gratuity & Leave Encashment calculation.
Detailed explanation-3: -For eg: If an employee takes 4 days LOP in the month of May which has 31 calendar days, his salary calculation will be 31-4= 27 present days. But client expects the calculation should be as 26 present days only, taking 30 days as calendar days.
Detailed explanation-4: -It’s Gross Salary / No. Of days in that Month * Total Paid Days. If Gross salary is 25000/-then Per day salary for August is Rs. 806.
There is 1 question to complete.