Dear All, I wanted to confirm one thing that HR calendar year is from Jan to Dec.Can company change the sequence of the same for example can it be from March to March?
From India, Khopoli
From India, Khopoli
For all purposes,
Calender year = Jan - Dec
Financial year = Apr - Mar
Depending on situation some people follow calender year, some financial year...
Even in HR, most firms practice calender year for leaves, performance, etc
and financial year for compensation / salary , increments etc.
Hope this helped...
From India, Mumbai
377Calender year = Jan - Dec
Financial year = Apr - Mar
Depending on situation some people follow calender year, some financial year...
Even in HR, most firms practice calender year for leaves, performance, etc
and financial year for compensation / salary , increments etc.
Hope this helped...
From India, Mumbai
Dear Ankita,
Yes you information was helpful but have one doubt that our company started in the month of March and most employee joined after March but our Manager is saying we will keep it March to Feb (Leave records) so it will be easier to maintain so is it legal or illegal?
From India, Khopoli
Yes you information was helpful but have one doubt that our company started in the month of March and most employee joined after March but our Manager is saying we will keep it March to Feb (Leave records) so it will be easier to maintain so is it legal or illegal?
From India, Khopoli
Are you under factory act or shop and establishment ? You need to see the leave rules under the relevant act and rules to see if there is any provision to follow Calendar year only.
From India, Mumbai
From India, Mumbai
Please give complete information,
else you may end up with a wrong reply.
Which state does your establishment come under
what type of business is your company doing
How many people are working in the office / establishment
From India, Mumbai
else you may end up with a wrong reply.
Which state does your establishment come under
what type of business is your company doing
How many people are working in the office / establishment
From India, Mumbai
Dear Sir?Madam
Good Afternoon!
Our company comes under shops and establishment act.
State: Maharashtra
Type Of Business:Online Services(Started in March 2013)
In Pune's office we have 7 employees
In Delhi's Office we have 5 employees
Kindly guide me how to maintain leave record can we consider financial calendar year for the leave records?
attribution https://www.citehr.com/476309-calend...#ixzz2l4TL0aLv
From India, Khopoli
Good Afternoon!
Our company comes under shops and establishment act.
State: Maharashtra
Type Of Business:Online Services(Started in March 2013)
In Pune's office we have 7 employees
In Delhi's Office we have 5 employees
Kindly guide me how to maintain leave record can we consider financial calendar year for the leave records?
attribution https://www.citehr.com/476309-calend...#ixzz2l4TL0aLv
From India, Khopoli
Sec 2 (32) of Bombay Shop and Establishment Act clearly says that Year is a Calander Year - commencing on 1st day of january.
So in Maharashtra, no, you do not have the option of keeping leave records for anything other than a calander year.
Further, it states that those who have worked for 240 days in a year, irrespective of the start of employment is entitled to at least 21 days of leave. And those who have worked for more than 60 days in a year are entitled to 5 days of leave.
For delhi, you will have to check what is the rules provided under the Delhi Shop & Establishment Act
From India, Mumbai
So in Maharashtra, no, you do not have the option of keeping leave records for anything other than a calander year.
Further, it states that those who have worked for 240 days in a year, irrespective of the start of employment is entitled to at least 21 days of leave. And those who have worked for more than 60 days in a year are entitled to 5 days of leave.
For delhi, you will have to check what is the rules provided under the Delhi Shop & Establishment Act
From India, Mumbai
hello dear,
mostly companies are follow calendar year for hr activities, either company started feb or march . because it is easier to follow calender year jan to dec. there are so many activities in hr like:
*leaves
*performance appraisal
*rewards system etc ,
and if your company started in march then you can adjust leave in such a way:
if company give 24 CL in a year it mean you can take 2 leaves per month . there for from march to dec company will give =24-4(2 leave & 2 leave march ) 20 leave .
same as in performance appraisal system :
you can check 10 month performance of the employee in the end of year .
From India, Dehra Dun
mostly companies are follow calendar year for hr activities, either company started feb or march . because it is easier to follow calender year jan to dec. there are so many activities in hr like:
*leaves
*performance appraisal
*rewards system etc ,
and if your company started in march then you can adjust leave in such a way:
if company give 24 CL in a year it mean you can take 2 leaves per month . there for from march to dec company will give =24-4(2 leave & 2 leave march ) 20 leave .
same as in performance appraisal system :
you can check 10 month performance of the employee in the end of year .
From India, Dehra Dun
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