• Microsoft Office
  • Microsoft Windows
  • Other Software
    • Microsoft Visual
    • Microsoft Project
    • Microsoft Visio
  • Anti Virus
  • Blog
    • Word
    • Excel
    • Powerpoint
    • Software tricks/tips
  • POLICIES
    • PAYMENT GUIDE
    • SHIPPING POLICY
    • REFUND POLICY
    • TERMS & CONDITIONS
    • Contact Us

No products in the cart.

  • Microsoft Office
  • Microsoft Windows
  • Other Software
    • Microsoft Visual
    • Microsoft Project
    • Microsoft Visio
  • Anti Virus
  • Blog
    • Word
    • Excel
    • Powerpoint
    • Software tricks/tips
  • POLICIES
    • PAYMENT GUIDE
    • SHIPPING POLICY
    • REFUND POLICY
    • TERMS & CONDITIONS
    • Contact Us

No products in the cart.

  • Microsoft Office
  • Microsoft Windows
  • Other Software
    • Microsoft Visual
    • Microsoft Project
    • Microsoft Visio
  • Anti Virus
  • Blog
    • Word
    • Excel
    • Powerpoint
    • Software tricks/tips
  • POLICIES
    • PAYMENT GUIDE
    • SHIPPING POLICY
    • REFUND POLICY
    • TERMS & CONDITIONS
    • Contact Us

No products in the cart.

  • Microsoft Office
  • Microsoft Windows
  • Other Software
    • Microsoft Visual
    • Microsoft Project
    • Microsoft Visio
  • Anti Virus
  • Blog
    • Word
    • Excel
    • Powerpoint
    • Software tricks/tips
  • POLICIES
    • PAYMENT GUIDE
    • SHIPPING POLICY
    • REFUND POLICY
    • TERMS & CONDITIONS
    • Contact Us
Excel

The latest salary calculation method on Excel

0 Comments

The latest salary calculation method on Excel: Continuous updates on salary calculation is a necessary task for human resources and administrative employees today. Before the application of technology, manually calculating salaries was prone to errors. Since the advent of Excel, this tool has provided great support in storing information and calculating the wages of employees.

The latest salary calculation method on Excel

Points to note in the current salary calculation and payroll processing
The basis for making a payroll:
Labor contracts: The labor contract clearly shows the basic salary of the employee that has been agreed upon with the employer before. This is the basis for an accurate basic salary calculation.
Monthly attendance sheet: The attendance sheet clearly shows the number of days the employee has worked.
For cases where salaries are calculated based on the product, there needs to be a confirmation slip that the work has been completed.
The company’s own rules on bonuses and salaries.

The latest salary calculation method on Excel

The latest salary calculation method on Excel

The minimum regional wage level stipulated by the State.
In the labor contract:
Basic salary: is the individual income if the employee works all days in the month. The basic salary must not be lower than the minimum wage level stipulated by the State.
Other allowances: fuel, housing, lunch, special duties, responsibilities, and other allowances (if any), etc.
In practice, the salary calculation for employees also depends on other factors of the company but still ensures maximum benefits for employees. These are the basic factors used as a basis when calculating wages for employees.

The latest salary calculation method onForms of salary calculation and payment today
Salary calculation based on actual working time in the month:
This salary calculation method depends on the basic salary and the actual working days of the employee.

The formula is as follows:

Monthly salary = [(Basic salary + allowances, support) / the standard number of working days of the company] * The actual working days of the employee.

Where: standard number of working days = number of days in the month – number of allowed days off.

This salary calculation method is often applied to those working in state agencies and office staff.

Salary calculation based on product quantity
This salary calculation method based on the product is often applied mainly to manufacturing companies where employees need to meet the highest workload. This method is often called “eat more, work less”.

Usually, employees in companies that calculate salaries based on products often have very low basic salaries or no basic salaries. The formula for calculating salaries based on products is:

Rate this post
33
277 Views
How to copy a table from Excel to Word while maintaining the formattingPrevHow to copy a table from Excel to Word while maintaining the formattingApril 15, 2023
Tip on using the Flash Fill tool to quickly fill data in ExcelApril 15, 2023Tip on using the Flash Fill tool to quickly fill data in ExcelNext

Leave a Reply Cancel reply

You must be logged in to post a comment.

Buy Windows 11 Professional MS Products CD Key
Buy Office 2021 Professional Plus Key Global For 5 PC
Top rated products
  • Kaspersky Small Office Security 15 PCs + 15 Mobiles + 2 Servers 1 Year Kaspersky Small Office Security 15 PCs + 15 Mobiles + 2 Servers 1 Year
    Rated 5.00 out of 5
    $201.00
  • Buy Windows 11 Professional MS Products CD Key Buy Windows 11 Professional MS Products CD Key
    Rated 5.00 out of 5
    $6.00
  • AVG Internet Security 2021 1 Device 1 Year Global AVG Internet Security 2021 1 Device 1 Year Global
    Rated 5.00 out of 5
    $11.00
  • Buy Office 2021 Professional Plus Key Global For 5 PC Buy Office 2021 Professional Plus Key Global For 5 PC
    Rated 5.00 out of 5
    $68.00
  • Avast SecureLine VPN 2021 2 Years 5 Devices Global Avast SecureLine VPN 2021 2 Years 5 Devices Global
    Rated 5.00 out of 5
    $47.00
Products
  • Windows Server 2016 Essentials Key Global Windows Server 2016 Essentials Key Global
    Rated 4.79 out of 5
    $10.00
  • Windows 10 Pro Key Global Windows 10 Pro Key Global
    Rated 4.74 out of 5
    $6.00
  • Windows 11 Pro Product Activation Key Windows 11 Pro Product Activation Key
    Rated 5.00 out of 5
    $6.00
  • Windows Server 2016 Datacenter Key Global Windows Server 2016 Datacenter Key Global
    Rated 4.74 out of 5
    $10.00
  • Windows Server 2025 Datacenter Windows Server 2025 Datacenter $30.00
  • Windows Server 2016 Remote Desktop Services 50 USER Connections Key Global Windows Server 2016 Remote Desktop Services 50 USER Connections Key Global
    Rated 4.74 out of 5
    $15.00
  • Microsoft Office Professional Plus 2010 retail Microsoft Office Professional Plus 2010 retail CD Key Global
    Rated 4.90 out of 5
    $11.00
  • Office 2019 Professional Plus Key Global Bind to your Microsoft Account Office 2019 Professional Plus Key Global Bind to your Microsoft Account
    Rated 4.97 out of 5
    $49.00
  • Windows 10 Home OEM Key Global Windows 10 Home OEM Key Global
    Rated 4.80 out of 5
    $6.00
  • AVG Internet Security 2021 1 Device 1 Year Global AVG Internet Security 2021 1 Device 1 Year Global
    Rated 5.00 out of 5
    $11.00
Product categories
  • Anti Virus
  • Microsoft Office
  • Microsoft Project
  • Microsoft Visio
  • Microsoft Visual
  • Microsoft Windows
  • Other Software
  • Uncategorized

Buffcom.net always brings the best digital products and services to you. Specializing in Office Software and online marketing services

BIG SALE 50% IN MAY

Microsoft Office
Microsoft Windows
Anti-Virus
Contact Us

Visit Us:

125 Division St, New York, NY 10002, USA

Mail Us:

buffcom.net@gmail.com

TERMS & CONDITIONS | PAYMENT GUIDE  | SHIPPING POLICY  | REFUND POLICY

Copyright © 2019 buffcom.net  All Rights Reserved.