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Payslips and hours/month

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Meesha
Senior Member
Posts: 506
Joined: Thu Dec 26, 2013 12:51 am

Payslips and hours/month

Post by Meesha » Fri Mar 18, 2016 11:56 am

Dear Forum members,
I calculated monthly salary for my employes as
52weeks*30hrs= 1560 hours for an year. and 1560/12=130 hrs/month. so paid salaries for 130hours/month at basic pay rate. Hours are not mentioned on payslips. Its fixed amount going to employes account every month.
I was wondering there are different number of days every month. Should i calculate 30hours/week for every month and pay accordingly or the system i am working with at the moment sounds fine. Please advise me asap.

Chhers

moongesture
Member of Standing
Posts: 291
Joined: Sat Oct 13, 2012 1:06 pm

Re: Payslips and hours/month

Post by moongesture » Fri Mar 18, 2016 12:11 pm

It is because employee wage calculated as per wage/hr not wage/day

Its acceptable to calculate hours an employee worked per week and this multiply by 52. So the total per/hr wage calculation must correspond with the number of hours employee work.

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