LOP in payroll management refers to Loss of Pay, a situation where an employee’s salary is reduced due to unpaid leave. This detailed guide explains the full form of LOP, its meaning in HR and payroll processes, and how organizations calculate salary deductions accurately. Learn how payroll teams determine daily wages, apply LOP rules, and ensure compliance with company policies. The ... https://savvyhrms.com/lop-full-form-meaning-calculation/