Payroll Calculation

POLICY

Human Resources Director and Personnel Manager will consider handling payroll calculation system is one of the Human Resources top priorities 

PURPOSE

Providing clear guidelines for the payroll calculation system in avoiding unnecessary miscalculation 

PROCEDURES

1. Composition  of salary includes basic salary, guaranteed service charge, and service charge

2. On every position, there is salary scale in a structure or fixed salary scheme. Every salary scale consists of minimum, medium and maximum salary

3. Minimum salary will never be lower than minimum salary determined by the Government

4. The payroll calculation period will be from the 21^th current month to 20^th following month

Payment of salary will not commence until all necessary paperwork is completed and returned.  Salaries are paid monthly and your salary will be deposited into your Bank account latest by the 28^th of current month.  If the payment day falls on weekend or any National Holiday, then the payment will be done on the first business day after the subjected weekend or National Holiday.