Hi Guys, I was working for a private company & I resigned & didn’t serve Notice period as my new assignment demanded immediate joining....I have 58 leaves pending but company says we don’t have policy to encash leaves....I would like to know if there is any basic law wherein we can ask company to consider certain amount of accumulated leaves....also company is asking for 1 month salary however I think it should be only Basic component of salary & not entire salary...please suggest....thanks in advance...
Regards:
Hitesh D
From India, Pune
Regards:
Hitesh D
From India, Pune
Dear Hitesh
You need to clarify, as there are various types of leaves and it varies fro company to company. All leaves are not encashable, encashment of leaves is entirely governed by company's leave policy.
Please check the leave policy.
Only encashable leaves can be adjusted against short notice period.
Shailesh Parikh
99 98 97 10 65
Vadodara
From India, Mumbai
300You need to clarify, as there are various types of leaves and it varies fro company to company. All leaves are not encashable, encashment of leaves is entirely governed by company's leave policy.
Please check the leave policy.
Only encashable leaves can be adjusted against short notice period.
Shailesh Parikh
99 98 97 10 65
Vadodara
From India, Mumbai
Dear Hitesh,
Encashment of leaves is totally dependent on your organisation's policies. If your company doesn't have that policy, then all your pending leaves will be void. The company can ask you to payback notice period salary if you have signed a bond. Generally, the company will ask for the monthly payment that you were receiving as part of your salary.
P.S. - If you want to remain anonymous, please don't sign with your name:)
Regards,
Sairam Bandi
From India, Bengaluru
Encashment of leaves is totally dependent on your organisation's policies. If your company doesn't have that policy, then all your pending leaves will be void. The company can ask you to payback notice period salary if you have signed a bond. Generally, the company will ask for the monthly payment that you were receiving as part of your salary.
P.S. - If you want to remain anonymous, please don't sign with your name:)
Regards,
Sairam Bandi
From India, Bengaluru
Hi
The purpose of having notice period in the employment letter are two fold, first is to avoid shock to the employer by sending in the resignation overnight with no replacement in place and two to see that the new employee or the person who is taking charge is suitably trained and made aware of the issues and responsibilities of the job. The higher the position you hold the more the responsibilities and so it needs time for handing over the job and here the notice period comes into play. Unless specifically mentioned it is not feasible for any management to allow their leaves to be treated as notice period, at least in full. The employer may ask you to at least hand over personally and see that there are no issues on hand for some period [about 3-4 weeks]. You may ask the employer to adjust part of your leaves as notice but make sure that both the parties are satisfied and you get no issues down the line. End of the day it is more to do with the policies of the company and management may ask you to work your notice period and pay your dues under Full and Final settlement.
Thanks and Regards
From India, Hyderabad
The purpose of having notice period in the employment letter are two fold, first is to avoid shock to the employer by sending in the resignation overnight with no replacement in place and two to see that the new employee or the person who is taking charge is suitably trained and made aware of the issues and responsibilities of the job. The higher the position you hold the more the responsibilities and so it needs time for handing over the job and here the notice period comes into play. Unless specifically mentioned it is not feasible for any management to allow their leaves to be treated as notice period, at least in full. The employer may ask you to at least hand over personally and see that there are no issues on hand for some period [about 3-4 weeks]. You may ask the employer to adjust part of your leaves as notice but make sure that both the parties are satisfied and you get no issues down the line. End of the day it is more to do with the policies of the company and management may ask you to work your notice period and pay your dues under Full and Final settlement.
Thanks and Regards
From India, Hyderabad
When your takeoff from the organisation and last working day is affirmed, you can make your arrangements. Act with poise as you are still in business. Your notoriety will rely upon how you act now. Be proficient and keep away from the habit of rationally looking at your office amid your notice period. <a href="https://academichelpers.co.uk/phd-dissertations-help.php">PhD Dissertation Writing Service</a>
From United Kingdom, London
From United Kingdom, London
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