Payroll
Loss of payLOP
Loss of pay is a deduction for days an employee was absent without available leave, computed on gross or on specified components per day.
LOP days are the days in the month not covered by presence, approved leave, weekly offs or holidays. Pay is reduced pro rata, usually gross divided by days in the month multiplied by LOP days.
Whether LOP reduces PF wages depends on the structure; typically basic is prorated, so PF falls too.
In Indian payroll
LOP is where attendance and payroll meet, and where most month-end disputes start. A system that computes LOP from the same attendance record that managers approved removes the argument.
What is Loss of pay?
Loss of pay is a deduction for days an employee was absent without available leave, computed on gross or on specified components per day.
Why does Loss of pay matter in Indian payroll?
LOP is where attendance and payroll meet, and where most month-end disputes start. A system that computes LOP from the same attendance record that managers approved removes the argument.
In Kuzhu
The Attendance module in Kuzhu is where Loss of pay is handled, on the same employee record as everything else.
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