Greetings!!!
Dear All,
I have recently joined a mid-size broking firm. Though leave policy has not been structured in my organization, what is the normal practice of calculating the salary as well as leaves? (Thanks to all members who have posted leave policy formats)
For eg. In this month, 26 January is a holiday and Saturday is a weekly off. And Tuesday is Mohram. In this case if anyone avails a leave on Monday, how would be his leave or salary calculated?.
I have a doubt whether two days, leave will be calculated (counting Monday and Tuesday) or five days leave (Friday to Tuesday)????
I have read somewhere that “To be eligible for holiday pay, employee must work the last scheduled day immediately proceeding and the first scheduled day immediately following the holiday”
Waiting for senior's advice as I am totally new to the Corporate World. I was earlier into Recruitment.
Regards,
Rashmi
From India, Mumbai
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Dear All,
I have recently joined a mid-size broking firm. Though leave policy has not been structured in my organization, what is the normal practice of calculating the salary as well as leaves? (Thanks to all members who have posted leave policy formats)
For eg. In this month, 26 January is a holiday and Saturday is a weekly off. And Tuesday is Mohram. In this case if anyone avails a leave on Monday, how would be his leave or salary calculated?.
I have a doubt whether two days, leave will be calculated (counting Monday and Tuesday) or five days leave (Friday to Tuesday)????
I have read somewhere that “To be eligible for holiday pay, employee must work the last scheduled day immediately proceeding and the first scheduled day immediately following the holiday”
Waiting for senior's advice as I am totally new to the Corporate World. I was earlier into Recruitment.
Regards,
Rashmi
From India, Mumbai
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Dear Rashmi,
Leave policies differ from organization to organization. You should talk to any of your seniors about this. In my organization, holidays are not counted in leave calculation. For example, if Sunday was not working and you took leave on Monday, it will be counted as 1 leave only. Similarly, if you took leave on Friday and Monday, and Saturday and Sunday are not working, only 2 leaves will be counted. But it varies from organization to organization.
Regards,
Anuradha Singh
From India, Gurgaon
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4Leave policies differ from organization to organization. You should talk to any of your seniors about this. In my organization, holidays are not counted in leave calculation. For example, if Sunday was not working and you took leave on Monday, it will be counted as 1 leave only. Similarly, if you took leave on Friday and Monday, and Saturday and Sunday are not working, only 2 leaves will be counted. But it varies from organization to organization.
Regards,
Anuradha Singh
From India, Gurgaon
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actually if we take leave on saturday and monday also then it will treat 3 days and if come on saturday and take leave monday then it will treat only 1 leave not included sunday as leave.. manish
From India, Delhi
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From India, Delhi
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Hi Rashmi,
It is rightly said by Ms. Anuradha Singh that leave policy differs from organization to organization.
In my organization, the rule states that:
1. Casual Leave - If you take Saturday and Monday as leave, then only two days will be deducted.
2. Earned Leave & Half Pay Leave - If you take Saturday and Monday as leave, then three days will be deducted.
When you take EL and HPL, you have to report on the next working day after availing leave; otherwise, all intervening holidays will be countable.
Hope your problem is solved.
With regards,
RK Sinha
From India, Ludhiana
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It is rightly said by Ms. Anuradha Singh that leave policy differs from organization to organization.
In my organization, the rule states that:
1. Casual Leave - If you take Saturday and Monday as leave, then only two days will be deducted.
2. Earned Leave & Half Pay Leave - If you take Saturday and Monday as leave, then three days will be deducted.
When you take EL and HPL, you have to report on the next working day after availing leave; otherwise, all intervening holidays will be countable.
Hope your problem is solved.
With regards,
RK Sinha
From India, Ludhiana
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Hi Rashmi,
Well, we sail in the same boat as I have joined a mid-sized broking firm too, specifically as a change specialist. I also joined with the intention of bringing in some professionalism to the firm. Could you please let me know how you started making changes in your firm? You can also email me at "ankit_khamkar@rediffmail.com."
Thanks
Regards,
Ankit
From India, Pune
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Well, we sail in the same boat as I have joined a mid-sized broking firm too, specifically as a change specialist. I also joined with the intention of bringing in some professionalism to the firm. Could you please let me know how you started making changes in your firm? You can also email me at "ankit_khamkar@rediffmail.com."
Thanks
Regards,
Ankit
From India, Pune
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hi, Rashmip, as anuradha says,Leave policy differes from organisation to organisation.In my organisation also the holidays are not counted in leave calculation. regards hemant sailor
From India, New Delhi
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From India, New Delhi
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Dear to calculate leave, please read below:
30 Days annual leave. Each month entitlement: 30/12 = 2.5. If an employee is going on leave on the 15th of March 2010, then 14 (March days) / 30 (Month days) to get March Entitlement = 0.46 + 2 (Jan + Feb) = 2.46. Now, 2.46 x 2.5 (each month entitlement) = 6.16. Each employee can use 30 days, but some companies allow them only until they are entitled to.
From United Arab Emirates, Abu Dhabi
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30 Days annual leave. Each month entitlement: 30/12 = 2.5. If an employee is going on leave on the 15th of March 2010, then 14 (March days) / 30 (Month days) to get March Entitlement = 0.46 + 2 (Jan + Feb) = 2.46. Now, 2.46 x 2.5 (each month entitlement) = 6.16. Each employee can use 30 days, but some companies allow them only until they are entitled to.
From United Arab Emirates, Abu Dhabi
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Leave and Holiday Policy.doc