Hello, what are compensation and benefits entitlement of an employee? Like leaves. I want to know about the leaves in a year. Thanks & Regards Neelam
From India, Mumbai
Acknowledge(0)
Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Hi Neelam,
Mostly, there are three types of leaves currently prevailing in organizations:
1. Privilege leaves/Paid leaves/Earned leaves - 16
2. Casual leaves - 8
3. Sick leaves - 8
Out of these leaves, casual and sick leaves can be availed only during that financial year, whereas Privilege leaves are carried forward to the next financial year and can be encashed. In some companies, it gets encashed on a yearly basis, whereas in some companies, it gets encashed only at the time of separation from the company.
Hope this information is helpful.
Regards,
Amit Seth
From India, Ahmadabad
Acknowledge(0)Amend(0)
508Mostly, there are three types of leaves currently prevailing in organizations:
1. Privilege leaves/Paid leaves/Earned leaves - 16
2. Casual leaves - 8
3. Sick leaves - 8
Out of these leaves, casual and sick leaves can be availed only during that financial year, whereas Privilege leaves are carried forward to the next financial year and can be encashed. In some companies, it gets encashed on a yearly basis, whereas in some companies, it gets encashed only at the time of separation from the company.
Hope this information is helpful.
Regards,
Amit Seth
From India, Ahmadabad
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Employee Benefits.doc