Hi Guys, I was working for a private company & I resigned & didn’t serve Notice period as my new assignment demanded immediate joining....I have 58 leaves pending but company says we don’t have policy to encash leaves....I would like to know if there is any basic law wherein we can ask company to consider certain amount of accumulated leaves....also company is asking for 1 month salary however I think it should be only Basic component of salary & not entire salary...please suggest....thanks in advance...
Regards:
Hitesh D
From India, Pune
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Regards:
Hitesh D
From India, Pune
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Dear Hitesh,
You need to clarify, as there are various types of leaves and it varies from company to company. All leaves are not encashable; encashment of leaves is entirely governed by the company's leave policy. Please check the leave policy. Only encashable leaves can be adjusted against a short notice period.
Shailesh Parikh
99 98 97 10 65
Vadodara
From India, Mumbai
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312You need to clarify, as there are various types of leaves and it varies from company to company. All leaves are not encashable; encashment of leaves is entirely governed by the company's leave policy. Please check the leave policy. Only encashable leaves can be adjusted against a short notice period.
Shailesh Parikh
99 98 97 10 65
Vadodara
From India, Mumbai
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Dear Hitesh,
Encashment of leaves is totally dependent on your organization's policies. If your company doesn't have that policy, then all your pending leaves will be void. The company can ask you to pay back the notice period salary if you have signed a bond. Generally, the company will ask for the monthly payment that you were receiving as part of your salary.
P.S. - If you want to remain anonymous, please don't sign with your name:)
Regards,
Sairam Bandi
sai@kredily.com
From India, Bengaluru
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Encashment of leaves is totally dependent on your organization's policies. If your company doesn't have that policy, then all your pending leaves will be void. The company can ask you to pay back the notice period salary if you have signed a bond. Generally, the company will ask for the monthly payment that you were receiving as part of your salary.
P.S. - If you want to remain anonymous, please don't sign with your name:)
Regards,
Sairam Bandi
sai@kredily.com
From India, Bengaluru
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Hi,
The purpose of having a notice period in the employment letter is twofold. First, it is to avoid shocking the employer by resigning overnight without a replacement in place. Second, it is to ensure that the new employee or the person taking charge is suitably trained and made aware of the job's issues and responsibilities. The higher the position you hold, the more responsibilities you have, requiring time for a proper handover, and this is where the notice period comes into play.
Unless specifically mentioned, it is not feasible for any management to allow their employees to use their leaves as a notice period, at least not in full. The employer may request you to personally hand over your duties and ensure there are no outstanding issues for a certain period (about 3-4 weeks). You can negotiate with the employer to adjust part of your remaining leaves as part of the notice period, but it is crucial that both parties are satisfied to avoid any future issues.
Ultimately, the policies of the company dictate how the notice period is managed, and the management may require you to work through your notice period and settle any dues during the Full and Final settlement process.
Thanks and Regards
From India, Hyderabad
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The purpose of having a notice period in the employment letter is twofold. First, it is to avoid shocking the employer by resigning overnight without a replacement in place. Second, it is to ensure that the new employee or the person taking charge is suitably trained and made aware of the job's issues and responsibilities. The higher the position you hold, the more responsibilities you have, requiring time for a proper handover, and this is where the notice period comes into play.
Unless specifically mentioned, it is not feasible for any management to allow their employees to use their leaves as a notice period, at least not in full. The employer may request you to personally hand over your duties and ensure there are no outstanding issues for a certain period (about 3-4 weeks). You can negotiate with the employer to adjust part of your remaining leaves as part of the notice period, but it is crucial that both parties are satisfied to avoid any future issues.
Ultimately, the policies of the company dictate how the notice period is managed, and the management may require you to work through your notice period and settle any dues during the Full and Final settlement process.
Thanks and Regards
From India, Hyderabad
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When you take off from the organization and your last working day is confirmed, you can make your arrangements. Act with poise as you are still in business. Your reputation will rely on how you act now. Be professional and avoid the habit of mentally checking your office during your notice period. [PhD Dissertation Writing Service](https://academichelpers.co.uk/phd-dissertations-help.php)
From United Kingdom, London
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From United Kingdom, London
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