Workers will always be concerned about how their wages will be calculated and whether the business will pay for them. Here are some tips for payroll processing companies calculating your daily wage so employees can check to see if their salary has been calculated correctly.
1. The meaning of wages based on workdays
Salary is the amount including the salary according to the job or title, salary allowance and other additional payments, which the employer pays to the employee to perform the work as agreed. This wage must not be lower than the regional minimum wage:
Region I: 4.18 million / month
Region II: 3.71 million dong / month
Region III: 3.25 million / month
Region IV: 2.92 million dong / month
Currently, there are many different forms of payment such as payment based on time (month, day, hour), product-based payment, fixed-wage payment, etc. depending on the production and business conditions of the enterprise and calculation of work of workers. However, the form of daily salary payment is applied by many businesses because of its utility:
● Accurate about actual working time of employees
● Basis for calculating allowance and allowance levels
● Basis for calculating overtime pay and compensation when unilaterally terminating the contract illegally
● Salary based on workday
2. Method of calculating wages based on working days
According to Clause 4, Article 14 of Circular 47/2015/TT-BLĐTBXH, wages based on working days are determined by the following formula:
1-day wage = Monthly salary/ The number of normal working days in the month
● The number of normal working days in a month is chosen by the enterprise, but must not exceed 26 days
● Enterprises must set a standard working day in a labor contract, internal labor regulations and show how the salary is calculated in the salary and bonus regime of the enterprise. For example, some items are based on workdays
The common monthly salary applicable to common laborers at enterprise X is 6 million VND / month (26 days).
Payroll management service is a reasonable choice for businesses that want to save costs and increase flexibility while ensuring confidentiality. Salary management services include: Managing attendance - Payroll - Making payroll for employees - Making a general payroll - setting up tracking and balance sheets and payroll for households. Salary management helps businesses do not need to invest in software or human resources, ensure smooth, accurate and timely work, but they can be referenced and checked at any time.
In order to bring flexibility, speed and confidentiality in the payroll management system of the enterprise, payroll processing companies FARO VIETNAM's salary and labor service brings you many utilities and practical values. With a team of in-depth consultants of Social, Labor, Employment, and Wage Insurance procedures and regulations, we will answer and assist customers to master the relevant regulations to ensure compliance with the provisions of law. Using our services, you still have the right services with the warranty and trust.
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