As the word suggests, paid days are the days that an employee is paid for. This doesn’t merely include the number of days an employee has come to the office and completed his work hours. The leaves that an employee has taken on vacation days, sick days and personal days are also paid.
In this glossary, we talk about paid days more in detail on the following-
- Meaning
- Paid Days Off
- Paid Days In Arrears
- Paid Days In Salary Slip
- Difference between paid time off and paid days
Let’s look at them one after the other.
Meaning
Paid days include days that the employee has worked for, holidays, week offs, leaves. Basically except for the days’ the employee is marked absent for in the attendance management software, the rest of the days they are paid for.
Paid Days Off
Paid days off are the days are the ones when the employee is not working be it a holiday or a leave. But, he is still paid for that day by the company. For instance, you are paid for the casual and sick leaves you take when not on probation, The Restricted, floating and festive holidays are also considered in it.
Paid Days In Arrears
Arrears are the amount that company owes to the employees but wasn’t paid in time. Mostly, this happens when the employee forgets to mark attendance or does so incorrectly. The employees might correct it upon receiving their salary for the month and hence those paid days’ payment is carried forwarded and paid with the next month’s salary.
For instance, suppose you forgot marking attendance for 4 days in a month but you realize the same when you have received your salary or when the payroll has already been run. That’s why you make changes in the attendance sheet, mark those days’ attendance wait for the payroll to run next month, and get those paid days in arrears. In short, you get 34 days of salary instead of 31 in the month.
Paid Days In Salary Slip
There is no column marked as paid days in the salary slip. Different salary slips are made in different formats but have the same components like HRA, basic salary, dearness allowance, and more. However, there might be a mention of present days, leave, leave without pay that can give you a fair idea of your paid days in the salary slip.
Difference between paid time off and paid days off
The major difference between paid time off and paid days off is that paid time off is the bankable hours you get from the company that can be used for any purpose whatsoever, However, paid day off can be referred to as the day when an employee is not coming to the office for the entire workday and still getting paid for it.
Both, actually mean the same and are mentioned under one policy including sick, personal days, and more.
In HROne, you get a personalized dashboard representing attendance in the calendar format showing your CSL, present days, absent days, and holidays. In just a glance, you can easily know your paid days.
Also Read: You must read the Attendance policy