Infra.Market Payroll Executive Interview Questions and Answers

LOP stands for Loss of Pay.

• LOP is a term used in payroll to refer to the situation where an employee does not receive full pay for a certain period of time.

• It can occur due to reasons such as taking unpaid leave, absence without permission, or disciplinary action.

• Employers deduct the salary proportionally for the days of absence, resulting in LOP.

• Example: An employee took 3 days of unpaid leave, leading to LOP for thos