Pay Calculation is the process of determining an employee’s earnings based on hours worked, salary, bonuses, and deductions, ensuring accuracy in payroll.
- What is pay calculation?
Answer: It is determining earnings based on hours, salary, and deductions. - What factors are included?
Answer: Factors include base pay, overtime, and tax withholdings. - Who performs it?
Answer: Payroll or HR departments perform it. - What are the challenges?
Answer: Challenges include errors and compliance with laws. - How does HR ensure accuracy?
Answer: HR uses software and audits calculations.
