Podcast
Questions and Answers
What is the purpose of the 'Wages Protection System' in the UAE?
What is the purpose of the 'Wages Protection System' in the UAE?
Answer hidden
Which salary calculation method is only applicable for HRMS employees?
Which salary calculation method is only applicable for HRMS employees?
Answer hidden
When should a Salary Sheet not be generated for employees?
When should a Salary Sheet not be generated for employees?
Answer hidden
True or false: Salary Calculation ways are Actual Month Days and Fixed 30 days?
True or false: Salary Calculation ways are Actual Month Days and Fixed 30 days?
Answer hidden
True or false: The actual month days calculation is applicable for HRMS Employees?
True or false: The actual month days calculation is applicable for HRMS Employees?
Answer hidden
True or false: The First Month Salary is calculated as Actual Days Worked 30 of the Month for New Employees Only?
True or false: The First Month Salary is calculated as Actual Days Worked 30 of the Month for New Employees Only?
Answer hidden
True or false: Employees who joined on or before a specific date should be included in the Salary Sheet?
True or false: Employees who joined on or before a specific date should be included in the Salary Sheet?
Answer hidden
True or false: The Employee Salary Information can be edited even if the Salary Sheet is Approved?
True or false: The Employee Salary Information can be edited even if the Salary Sheet is Approved?
Answer hidden
Study Notes
Key Features of Salary Calculation System
- Salary calculation can be done in two ways: actual month days or fixed 30 days (only applicable for HRMS employees).
- Actual leave days are taken into account when calculating salary if the calculation is based on fixed 30 days.
- For new employees, the first month's salary is calculated based on the actual days worked (30 days of the month).
- Employees who joined on or before a specific date are included in the salary sheet.
- The standard salary information is displayed in the salary sheet columns.
- Employee salary information can be edited even if the salary sheet is approved.
- Payment for HRMS activities and sales representative commission is not allowed if no setup is created for them.
- The length of the account number (IBAN) is 23 characters.
- The wages protection system is applicable only in the UAE.
- Employer/company unique ID (MOLD) and bank routing code are required.
- The length of the account number can be fixed, with zero indicating no limit.
- All salaries, additions, and deductions are included in the income fixed category.
- A salary information file (SIF) can be generated for approved salary sheets.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of salary calculations setup with this quiz! Learn about different methods such as actual month days and fixed 30 days, and understand how to calculate actual leave days payment. Explore how to calculate the first month's salary for new employees and include them in the salary sheet. Brush up on standard salary information in the process.
