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LOP , or Loss of Pay, refers to a situation where an employee takes leave without sufficient leave balance but with employer permission. Confused about Loss of Pay ( LOP ) in your salary slip? Learn the meaning of LOP , how it is calculated, why companies mark it, and tips to avoid unnecessary salary cuts. Read the blog to understand LOP (Loss of Pay), formula to calculate it, the factors determining LOP , and how to calculate lop in salary slip. What is LOP (Loss of Pay)? The LOP full form is “Loss of Pay.” It refers to the permitted absence of an employee from work despite utilizing all the paid leaves to his/her credit. The full form of LoP is Loss of Pay, a deduction made by an employer when an employee is absent from work without pay. This article provides an in-depth understanding of LoP and its impact on salary.
