As of September 1, the procedure for calculating salaries in Russia will change.

As of September 1, the procedure for calculating salaries in Russia will change.

      Going forward, calculations will take into account not only bonuses but also cash incentives, which will increase the final amount. A separate rule for calculating severance pay is also being introduced — it will be calculated by multiplying the average daily earnings by the average number of working days in a month.

      To account for working time when calculating severance pay, earnings will be determined by multiplying the average hourly income by the average number of working hours in a year. In other cases, the calculation procedure will remain the same, Izvestia reported.

      In addition, once the new measure comes into force, all previously effective regulatory legal acts in this area will be repealed.

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As of September 1, the procedure for calculating salaries in Russia will change.

A new procedure for determining the average monthly wage comes into effect in Russia on September 1, which, according to lawmakers, will bring additional benefits to workers.