Dear All, Can any one update me on the latest rule of Earned leaves. I would like to know if this is applicable for the ITES indst also. regards,
From India, Bangalore
1From India, Bangalore
Maya,
It varies from company to company.
( as per law every 20 working days an employee has to get 1 EL.
Means 12 days minimum)
As per EL settlement is concerned, earlier PF was taken into accout to settle the EL while calculating F&F.
But now PF is not considered.
Regards
Dasa
From India, Bangalore
It varies from company to company.
( as per law every 20 working days an employee has to get 1 EL.
Means 12 days minimum)
As per EL settlement is concerned, earlier PF was taken into accout to settle the EL while calculating F&F.
But now PF is not considered.
Regards
Dasa
From India, Bangalore
Dear Maya,
See, It varies from Company to Company so it's not fixup but as per Law, If employee worked for 20 days then it is entitled for 1PL (Paid Leave).....
PL can be carried forward to next year but only 12 PL leave will be transfer from current to Next year and rest of balance will be lapse.
As per PL settlement is concerned, Before 30-Mar-08, We deducted the PF ajdust into the PL but 1-April, 08. Onward, It is not entitled for PF deduction. FnF always calculated on Gross Salary for the current resigned month.
Calculation: Basic+DA/30*No. of PL.
Note:= PL IS ALWAYS CALCULATED ON 30 DAYS NOT 31 OR 29 DAYS.
From India, Lucknow
See, It varies from Company to Company so it's not fixup but as per Law, If employee worked for 20 days then it is entitled for 1PL (Paid Leave).....
PL can be carried forward to next year but only 12 PL leave will be transfer from current to Next year and rest of balance will be lapse.
As per PL settlement is concerned, Before 30-Mar-08, We deducted the PF ajdust into the PL but 1-April, 08. Onward, It is not entitled for PF deduction. FnF always calculated on Gross Salary for the current resigned month.
Calculation: Basic+DA/30*No. of PL.
Note:= PL IS ALWAYS CALCULATED ON 30 DAYS NOT 31 OR 29 DAYS.
From India, Lucknow
Hello everyone,
Its true that it vaires from company to company and as per ITES sector, most of them offer 20 to 21 PLs per year which could again be on company policies whether could be encashed or not.....
yes it do applies for ITES sector. I am working as an HR in an IT firm and we do offer 21 pls per year which could be carried forward..and every employee can have 90 pls in total in his complete tenure and after tht the rest will be lapse.....which is a comman phenomenon most of the IT co.s use.
I guess u might have got some more information by the above statement.
Regards,
Neha Khale
From India, Bhopal
Its true that it vaires from company to company and as per ITES sector, most of them offer 20 to 21 PLs per year which could again be on company policies whether could be encashed or not.....
yes it do applies for ITES sector. I am working as an HR in an IT firm and we do offer 21 pls per year which could be carried forward..and every employee can have 90 pls in total in his complete tenure and after tht the rest will be lapse.....which is a comman phenomenon most of the IT co.s use.
I guess u might have got some more information by the above statement.
Regards,
Neha Khale
From India, Bhopal
Dear all
I am working in HR Dept in a real estate company. Here we do have PL 15days if an employee is here with us for 1yr+ period. And it can be carried over towards the next calender year in his leave account. If an employee completes his/her 1yr in the mid of the calender year we calculate the PL in prorata basis, i.e., if from Jan-Dec 15days then from May-Dec how many days like that.
Regards
From India, Calcutta
I am working in HR Dept in a real estate company. Here we do have PL 15days if an employee is here with us for 1yr+ period. And it can be carried over towards the next calender year in his leave account. If an employee completes his/her 1yr in the mid of the calender year we calculate the PL in prorata basis, i.e., if from Jan-Dec 15days then from May-Dec how many days like that.
Regards
From India, Calcutta
Dear all,
As already told by all of you, EL varies from company to company. if an employee works for 20 days then he is eligible for i earned leave, but on prorata basis it is usually taken as 15 EL for a year.Usually IT companies have 20-24 days Earned leaves.They can be carried forward to a maximum of 45 days and then have to be encashed.Even EL encashment varies from company to company.EL is calculated on the basic salary by taking 26 working days.
Regards
Ankita
As already told by all of you, EL varies from company to company. if an employee works for 20 days then he is eligible for i earned leave, but on prorata basis it is usually taken as 15 EL for a year.Usually IT companies have 20-24 days Earned leaves.They can be carried forward to a maximum of 45 days and then have to be encashed.Even EL encashment varies from company to company.EL is calculated on the basic salary by taking 26 working days.
Regards
Ankita
Hi,
Our company has the only system of Earned Leaves (in prorata basis) and no fixed leaves of CL /SL etc.
We work 6 days a week.
So what is the rule in this situation? Is there any minimum number? Or its upto the discretion of the employer to fix it as 1 EL in 50 days/1 EL in days.
My another question is : Whether prorata calculation has formula for Earned Weekly Holidays?
From India, Delhi
Our company has the only system of Earned Leaves (in prorata basis) and no fixed leaves of CL /SL etc.
We work 6 days a week.
So what is the rule in this situation? Is there any minimum number? Or its upto the discretion of the employer to fix it as 1 EL in 50 days/1 EL in days.
My another question is : Whether prorata calculation has formula for Earned Weekly Holidays?
From India, Delhi
Yes, already defined by others that leave structure varies from company to company..
Most companies segregate their leave structure into CL, SL and EL or PL.. out of these only SL and PL may be carried forward whereas if any CL remain available in balance at the end of year.. it shall be lapsed..
Most companies follow the structure of 16 PL, 8 SL and 8 CL on pro-rata basis.
Upto 16 PL may be carried forward for the next calender year..
Regards,
Amit Seth.
From India, Ahmadabad
Most companies segregate their leave structure into CL, SL and EL or PL.. out of these only SL and PL may be carried forward whereas if any CL remain available in balance at the end of year.. it shall be lapsed..
Most companies follow the structure of 16 PL, 8 SL and 8 CL on pro-rata basis.
Upto 16 PL may be carried forward for the next calender year..
Regards,
Amit Seth.
From India, Ahmadabad
Hi all,
Thanks for your reply.
I fear i stilll did not get the answer to my queastion :
"Whether prorata calculation has formula for Earned Weekly Holidays?"
Secondly,
We have a different system where there is NO SL or CL. We only have PL/EL. Is there structure to follow in this situation? ONLY EARNED LEAVES. Not decalred from before hand.
From India, Delhi
Thanks for your reply.
I fear i stilll did not get the answer to my queastion :
"Whether prorata calculation has formula for Earned Weekly Holidays?"
Secondly,
We have a different system where there is NO SL or CL. We only have PL/EL. Is there structure to follow in this situation? ONLY EARNED LEAVES. Not decalred from before hand.
From India, Delhi
Hi,
One may calculate leaves very easily based on the the pro-rata.. Pro-rata means leave shall be calculated on length of service only.. Like if somebody joins on 1st of April and for a year there is 24 Earned leaves then after every month 2 leaves shall be accumulated in his available balance of leaves..
Regards,
Amit Seth.
From India, Ahmadabad
One may calculate leaves very easily based on the the pro-rata.. Pro-rata means leave shall be calculated on length of service only.. Like if somebody joins on 1st of April and for a year there is 24 Earned leaves then after every month 2 leaves shall be accumulated in his available balance of leaves..
Regards,
Amit Seth.
From India, Ahmadabad
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