No Tags Found!


Anonymous
Due to cost-saving purpose, an employer has decided not to give leave encashment from the next year and they circulated a revised policy.
Now if someone joins or during salary revision time of old employees, will this leave encashment amount should not reflect on salary structure?

Earlier employees's CTC was gross -pf-pt -rsi+ employer deduction (company pf, esi+bonus+gratuity, leave encashment).

Please suggest. If we remove leave encashment for employees existing CTC will be less than earlier. What to do?

One of the consultants suggested that they keep leave encashment as usual as we are giving leaves to employees.

From India, Mumbai
KK!HR
1534

One of the much used cost cutting measure is to stop leave encashment and allow payment for leave availed. Since cost is incurred in both the instances, the same can be included in CTC. There is nothing wrong in it.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.