How To Calculate VDA As Per CPI Index
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Hi Autumn and Regaleagle,Suppose we distribute 10 questionnaires to staff, each containing 25 questions. This means the total number of answers for Agree and Strongly Agree would be 50, and the total number of questions would be 25 * 10 = 250.So,1\. Should we ca...
Dear Monika,There is a simpler way to calculate the overall satisfaction index.In your questionnaire, is there a question that asked, "Overall, I am satisfied with ABC Company as the place to work," or something along that line? The score for this question is us...
Hi! Calculation of employee satisfaction index is confusing for many. Some use weighted averages, while others use different methods. I need someone who can explain how to calculate the employee satisfaction index in a simple way, preferably with an example. Tha...
Hi Swapna,Thank you very much for your reply. Can I have your email id, please? Actually, the formula is not clear to me, especially the second last point (Pt 4*5). What is that? Would it be possible for you to explain it to me with some examples now? I would re...
For contract labor, the state government declares DA/VDA figures every six months. You may follow that.R R Kapoor
To calculate the Variable Dearness Allowance (VDA) of a contract employee, the following formula can be used:VDA = (Current CPI Points - Base CPI Points) / Base CPI Points * 100In the provided example:- Base year series: 1982=100- Base CPI Points: 525- Current C...
Dear Srivi,Which index do you follow - the All India series or any industry/region-specific series?Shailesh Parikh99 98 97 10 65Vadodara
Sailesh, it is Andhra Pradesh. Industry.–-Sailesh, it is Andhra Pradesh.Industry.
Consumer Price Index base year is changed from time to time. If I am not wrong, the present latest base year is 2016 = 100\. The linking (conversion) factor from the 2001 = 100 base year to the 1982 = 100 base year is 5.12, and that of the 2001 = 100 base year t...
In our organization based in Odisha, we are providing VDA to permanent workers as per the CPI index. Our base year was previously 1960, but we have now transitioned to the base year 2001\. I am seeking guidance on how to convert the existing calculations from th...