Loss of Pay, commonly known as LOP, refers to unpaid leave that results in salary deductions for employees. This detailed HR-focused guide explains the meaning of LOP, its full form, and the exact formula used to calculate salary deductions. Learn how companies calculate daily wages, apply LOP rules, and manage payroll accuracy. The article also discusses different LOP scenarios, such... https://savvyhrms.com/lop-full-form-meaning-calculation/