Dear All,
I need some help from the members of citehr.
I am working on a project of Leave Encashment.
In our company an employee can accumulate upto 180 days and leaves accumulated more than 180 days gets encashed.
We would like to now cut down the accumulation of leave to 90 days....
Help Required:
1) Can you pls tell me about the leave policies in your company (outline)?
2) How many leaves are there in your company?
3) How many days of leaves (PL/EL) are allowed to be accumulated yearly in your company?
4) If the leaves (PL/EL) are accumulated above the prescribed limit, then does the leaves lapses or it gets encashed?
5) Whether encashment of leaves (PL/EL) are given on basic or on monthly salary?
Any suggestions or answers to my queries can be send directly to my email id
or through mobile 09869851356.
I will assure you that all the information shared will be kept confidential from my side...
I also assure that i will share the project with my CiteHR friends once it gets completed....
Kindly co-operate and help me in my project..
Regards
Ankit
09869851356
From India, Mumbai
393I need some help from the members of citehr.
I am working on a project of Leave Encashment.
In our company an employee can accumulate upto 180 days and leaves accumulated more than 180 days gets encashed.
We would like to now cut down the accumulation of leave to 90 days....
Help Required:
1) Can you pls tell me about the leave policies in your company (outline)?
2) How many leaves are there in your company?
3) How many days of leaves (PL/EL) are allowed to be accumulated yearly in your company?
4) If the leaves (PL/EL) are accumulated above the prescribed limit, then does the leaves lapses or it gets encashed?
5) Whether encashment of leaves (PL/EL) are given on basic or on monthly salary?
Any suggestions or answers to my queries can be send directly to my email id
I will assure you that all the information shared will be kept confidential from my side...
I also assure that i will share the project with my CiteHR friends once it gets completed....
Kindly co-operate and help me in my project..
Regards
Ankit
09869851356
From India, Mumbai
leave should try not to be 'company orientated' . The law- the labour law says such such days are entilted to leave for employees. In my company we follow with the labour law for our colleagues. LM.
From Switzerland
From Switzerland
Dear Ankit
The reply to your post/questions are given below:
1) Can you pls tell me about the leave policies in your company (outline)?
1 PL FOR EVERY 15 DAYS ACTUALLY WORKED ARE PAID TO EMPLOYEES IN A YEAR
2) How many leaves are there in your company?
AS PER DAYS WORKED AS ABOVE
3) How many days of leaves (PL/EL) are allowed to be accumulated yearly in your company?
TOTAL 90 DAYS
4) If the leaves (PL/EL) are accumulated above the prescribed limit, then does the leaves lapses or it gets encashed?
IT LAPSES UNLESS & UNTIL IT IS CLAIMED FOR ENCASHMENT
5) Whether encashment of leaves (PL/EL) are given on basic or on monthly salary?
IN SOME COMPANIES IT IS PAID ON BASIC BUT WE PAY ON MONTHLY BASIS SALARY
I HOPE IT WILL HELP U NOW.
WISH U GOOD LUCK
REGARDS
ARUN
From India, Mumbai
The reply to your post/questions are given below:
1) Can you pls tell me about the leave policies in your company (outline)?
1 PL FOR EVERY 15 DAYS ACTUALLY WORKED ARE PAID TO EMPLOYEES IN A YEAR
2) How many leaves are there in your company?
AS PER DAYS WORKED AS ABOVE
3) How many days of leaves (PL/EL) are allowed to be accumulated yearly in your company?
TOTAL 90 DAYS
4) If the leaves (PL/EL) are accumulated above the prescribed limit, then does the leaves lapses or it gets encashed?
IT LAPSES UNLESS & UNTIL IT IS CLAIMED FOR ENCASHMENT
5) Whether encashment of leaves (PL/EL) are given on basic or on monthly salary?
IN SOME COMPANIES IT IS PAID ON BASIC BUT WE PAY ON MONTHLY BASIS SALARY
I HOPE IT WILL HELP U NOW.
WISH U GOOD LUCK
REGARDS
ARUN
From India, Mumbai
Dear all
pls provide me guidence for leave encashment.
i resigned my previous job & also recieved my F&F after three months. But they did not pay me amount of leave encash ment and this happened with other employees also who resigned from that company. I did not said anything to HR Manager because of good relations.
Now almost one & half year gone to this case.
Should i claim now for LV encashment?
And also tell me leave encashment is mandatory or not in full & final settlement.
Pls guide me in this case.
Thanks & regards
Vikram
From India, Pune
pls provide me guidence for leave encashment.
i resigned my previous job & also recieved my F&F after three months. But they did not pay me amount of leave encash ment and this happened with other employees also who resigned from that company. I did not said anything to HR Manager because of good relations.
Now almost one & half year gone to this case.
Should i claim now for LV encashment?
And also tell me leave encashment is mandatory or not in full & final settlement.
Pls guide me in this case.
Thanks & regards
Vikram
From India, Pune
Hi Ankit,
I think the leave encashment policy is widely variant , depending on industry being operated in. Being from the IT industry, i can share the following details with you, on an average basis:
1) Can you pls tell me about the leave policies in your company (outline)?
EL/PL
SL
CL
Wedding Leave
Bereavement Leave
ML
Spl ML
Leave with-out Pay
2) How many leaves are there in your company?
Avg days per year being 30-33 in IT Companies ( EL, SL, CL)
3) How many days of leaves (PL/EL) are allowed to be accumulated yearly in your company?
Ranges between 30- 45 days in IT Industry (30 being min offered)
4) If the leaves (PL/EL) are accumulated above the prescribed limit, then does the leaves lapses or it gets encashed?
Very different between each company. While my current company has lapse policy, previous company had encash policy.
5) Whether encashment of leaves (PL/EL) are given on basic or on monthly salary?
Most IT companies follow monthly fixed salary component ( since Variable salary is a big component as well).
Hope this helps!
From United States, Palo Alto
I think the leave encashment policy is widely variant , depending on industry being operated in. Being from the IT industry, i can share the following details with you, on an average basis:
1) Can you pls tell me about the leave policies in your company (outline)?
EL/PL
SL
CL
Wedding Leave
Bereavement Leave
ML
Spl ML
Leave with-out Pay
2) How many leaves are there in your company?
Avg days per year being 30-33 in IT Companies ( EL, SL, CL)
3) How many days of leaves (PL/EL) are allowed to be accumulated yearly in your company?
Ranges between 30- 45 days in IT Industry (30 being min offered)
4) If the leaves (PL/EL) are accumulated above the prescribed limit, then does the leaves lapses or it gets encashed?
Very different between each company. While my current company has lapse policy, previous company had encash policy.
5) Whether encashment of leaves (PL/EL) are given on basic or on monthly salary?
Most IT companies follow monthly fixed salary component ( since Variable salary is a big component as well).
Hope this helps!
From United States, Palo Alto
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
SC -PF judgment on No PF on Leave encashment.doc
EPFO Circular Leave Encashment.jpg