I need your help with respect to Earned Leave calculation.
Are leaves availed by an employee in current year considered as paid day for next year Earned leave calculations?
For example- 365-52(Sunday)-12(Second Saturday)-12(holiday)=289(actual paid days)
The employee has enjoyed 15 earned leaves ,7sick leaves and 7 casual leaves in these 289 paid days, now the question is whether we will include these 29 days of leaves or not for the calculation of next year earned leave
Scenario 1-
Earn leave = 15/289 * (289)= 15 ???
or
Scenario2-
Earn leave = 15/289 * (289-29) = 13.49 ???
From India, Kupwara
Are leaves availed by an employee in current year considered as paid day for next year Earned leave calculations?
For example- 365-52(Sunday)-12(Second Saturday)-12(holiday)=289(actual paid days)
The employee has enjoyed 15 earned leaves ,7sick leaves and 7 casual leaves in these 289 paid days, now the question is whether we will include these 29 days of leaves or not for the calculation of next year earned leave
Scenario 1-
Earn leave = 15/289 * (289)= 15 ???
or
Scenario2-
Earn leave = 15/289 * (289-29) = 13.49 ???
From India, Kupwara
Hi Pankaj,
Federal Mogul Goetze IL is a reputed Co and well established in manufcaturing & supply of precision machinery etc. I don't think such a co will have doubts in HR practices & law.
All approved & paid leave days, paid holidays & weekly off days are considered to be 'service rendered' and therefore eliminating these days for computation of EL/PL is wrong.
From India, Bangalore
1073Federal Mogul Goetze IL is a reputed Co and well established in manufcaturing & supply of precision machinery etc. I don't think such a co will have doubts in HR practices & law.
All approved & paid leave days, paid holidays & weekly off days are considered to be 'service rendered' and therefore eliminating these days for computation of EL/PL is wrong.
From India, Bangalore
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x