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Annual Leave Calculation

skoodanonsense
Member
Tue, 23 Aug 2016 01:14:44 PM  (Last updated: Wed, 24 Aug 2016 11:51:18 AM)

Hi All,

I have not much experience in HR Dept.

My question is what is the correct formula for annual leave balance for those who resign?

Our current formula is = Basic Salary/months. Salary per day  x AL Balance

His calculation is = Basic Salary/365 x AL Balance

Please advise on which calculation should be use? and why? and If we have to change the calculation do we need to notify anyone?

Thanks and Regards,

Skood

KL Siew
Administrator
Tue, 23 Aug 2016 05:46:43 PM

Just prorate it to the number of completed months of service. 

skoodanonsense
Member
Wed, 24 Aug 2016 11:51:18 AM

Noted with Thanks Admin 

  This topic is closed