what is the formula to calculate leave encashment?
528823
Formula: (Basic Salary x 12 months) / (52 weeks x 7 days) x no. of leave days left to encash.
1234806
The formula for calculating net national income is: NNI = C + I + G + NX + NFF - IT - D. Where: C = Consumption, I = Investments, G = Government spending, NX = Net exports (calculated by subtracting imports from exports), NFF = Net foreign factor income, IT = Indirect taxes, D = Depreciation.
848783
Salary: Choose the Equals [x] Hours per [Year] option. Enter the number of hours the employee accrues in long service leave each year. These examples might help you calculate the correct rate for your business. Example 1: Say your employees work a 38 hour week (7.6-hours x 5 days).
1395628
The basic entitlement has not changed; it is just expressed differently. Employees are entitled to leave after seven years continuous employment. This is calculated by dividing the period of employment by 60. For example, if the employee has worked for 7 years, dividing this by 60 equates to approximately 6.1 weeks.
518929
To start your employee turnover calculation, you should divide the total number of leavers in a month by your average number of employees in a month. Then, times the total by 100. The number left is your monthly staff turnover as a percentage.
1218542
['rate - The interest rate per period. We divide the value in C5 by 12 since 4.5% represents annual interest:', 'nper - the number of periods comes from cell C7, 60 monthly periods in a 5 year loan.', 'pmt - The payment made each period. This is the known amount $93.22, which comes from cell C6.']
758499
Employees are entitled to leave after seven years continuous employment. This is calculated by dividing the period of employment by 60. For example, if the employee has worked for 7 years, dividing this by 60 equates to approximately 6.1 weeks.
240368
['The formula is obvious and easy-to-remember, however, there is a tiny problem. ... ', '=INT((TODAY()-B2)/365)', '=YEARFRAC(B2, TODAY(), 1)', '=ROUNDDOWN(YEARFRAC(B2, TODAY(), 1), 0)', '=DATEDIF(B2, TODAY(), "y")']
127352
To calculate gross pay, take their total annual salary and divide it by the number of pay periods within the year. If a business pays its employees twice a month, that equals out to 24 pay periods within a year. Determine annual salary by determining the amount of money earned annually. It acts as the amount earned.
931395
Divide total separations by the average number of employees and multiply the answer by 100 to convert to a percentage. Suppose you lost 33 employees over the last 12 months out of an average workforce of 110. Divide 33 by 110 and multiply by 100 to find the employee turnover rate of 30 percent.
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Entitlement to Leave You can take approximately 6.06 weeks of leave after 7 years of continuous service and a further 1/5 a month's leave for every subsequent year of service.
187527
Using the relevant PAYG withholding tax table, work out the amount to withhold from your employee's normal gross earnings for a regular pay period. Divide the amount of the payment by the number of normal pay periods in 12 months (12 monthly payments, 26 fortnightly payments or 52 weekly payments). Ignore any cents.
295232
The weekly benefit amount is calculated by dividing the sum of the wages earned during the highest quarter of the base period by 26, rounded down to the next lower whole dollar. The result cannot exceed the utmost weekly benefit permitted by rule.
176275
['82/3 (8.667) weeks of leave if they have completed 10 years of continuous employment.', 'an additional 41/3 (4.333) weeks of leave for each subsequent 5 years after the initial 10 years of continuous employment.']
1411104
The gratuity amount depends upon the tenure of service and last drawn salary. It is calculated according to this formula: Last drawn salary (basic salary plus dearness allowance) X number of completed years of service X 15/26.
753059
['H = i*C.', 'Number of orders = D / Q.', 'Annual ordering cost = (D * S) / Q.', 'Annual Holding Cost= (Q * H) / 2.', 'Annual Total Cost or Total Cost = Annual ordering cost + Annual holding cost.', 'Annual Total Cost or Total Cost = (D * S) / Q + (Q * H) / 2.']
1202883
The calculation, however, will differ for companies using other factor days. For our example, assuming a daily rate of PHP1,500; Factor rate of 313 days; and Maternity Leave of 105 days = 3.5 months, the full pay would thus be PHP136,937.50 = [(PHP1,500 x 313 days)/12 months] x 3.5 months.