So does 'prorata' define the number of leaves at first? Say I join on 1st April. As per the above 'pro-rate' structure you have given:
1. Will I be informed that I can earn 24 leaves?
2. If on April 1, I work for 25 days out of 26 working days, how many leaves will I accumulate at the end of the month?
"Does prorata calculation have a formula for Earned Weekly Holidays?"
From India, Delhi
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1. Will I be informed that I can earn 24 leaves?
2. If on April 1, I work for 25 days out of 26 working days, how many leaves will I accumulate at the end of the month?
"Does prorata calculation have a formula for Earned Weekly Holidays?"
From India, Delhi
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See, if someone joins on the 1st of April and the calendar is from January to December, then for that calendar year, they will be eligible for only 24 - 6 = 18 leaves. This calculation does not include Sundays as it is already a weekly off.
If somebody works for 25 days instead of 26, and if it's a planned and approved leave, then it shall be considered as leave; otherwise, it shall be marked as LWP (Leave Without Pay).
Regards,
Amit Seth
From India, Ahmadabad
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508If somebody works for 25 days instead of 26, and if it's a planned and approved leave, then it shall be considered as leave; otherwise, it shall be marked as LWP (Leave Without Pay).
Regards,
Amit Seth
From India, Ahmadabad
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x