Yes, missing a day of work without an excuse can result in having one's pay docked. The specifics may vary depending on your state, so take a look at those laws and your employment agreement.
To, Account department Sub: Provident deduction Dear Mam, This is Radheshyam pal, I am your new employee of your company I want request you please do not Deduct my P.F in my salary. Please do needful. Faithfully Radheshyam pal.
The Total Cost to Company refers to an employee's salary package. It is the total cost a company or organization is spending for an employee and it includes salary and perks.
The Total Cost to Company refers to an employee's salary package. It is the total cost a company or organization is spending for an employee and it includes salary and perks.
Payroll withholding is NOT an expense to the Company...it is part of payroll that you send to the IRS/State rather than give to the employee...although the cost of it is his salary. Other payroll costs are recorded as what they are..insurance, employee benefits, etc.
On the basis of the Basic Salary component that is part of the salary. The amount contributed is 12% of the basic salary from employee as well as an equal contribution by the employer
You need to fix a certain amount as basic salary if you want to deduct PF. set a minimum number as basic salary and calculate PF on it. The remaining amount based on piece rate can be added a different component in the persons salary
No. The moment they start deducting PF from your account, they are bound to disclose the PF account number to the employee. It is our right to know where our money is being deposited.
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The only reason that I know of that they can deduct pay for holidays is if there is something in the company rules that says you have to work the day before or after a holiday to get the holiday pay. Otherwise salary should not be deducted for any reason unless the employee agrees to take an unpaid leave of absense for some reason.
A salary is a payment given to an employee for work, while profit is what a company generally takes in. Therefore, the average salary of an employee in an office cleaning company usually depends on the state's minimum wage, as most employees are only paid minimum wage for this type of work. Companies that clean higher-end offices may receive a little more.
It is best to refer to the employee handbook or company rules and regulations if a salary employee takes a lot of time off. There may be something written in the handbook on actions that may be taken.
In the current economy, an employee of a sharepoint document management company can expect a 3 to 5% increase in salary each year. It is possible in some situations that an employee will receive no increase during some years.