Loss of Pay (LOP) Calculation Formula
LOP (Loss of Pay) : Meaning, Factors and Calculation
For an employee’s income security as well as for employers, loss of pay (LOP) in salary is a multi-layered issue. Everyone has their own expectations to meet. This all-round investigation of LOP will research more deeply than ever before into the nature of LOP. We will examine causal factors, the legal problems involved in lodging a complaint and calculating LOP (waiting time for other public services), and how to avoid the effects of salary corrections and rewards.
Table of Content
- Factors to be considered while marking LOP (LOP) Salary
- Legal Aspects of Loss of Pay (LOP)
- Causes of Loss of Pay (LOP)
- Loss of Pay (LOP) Calculation Formula:
- How to Avoid Loss of Pay (LOP) in your Salary Slip?
- Frequently Asked Questions (FAQs):
- Conclusion: