Dear All, I wanted to confirm one thing that HR calendar year is from Jan to Dec.Can company change the sequence of the same for example can it be from March to March?
From India, Khopoli
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From India, Khopoli
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Need this information urgent can any one help me by answering this question
From India, Khopoli
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From India, Khopoli
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For all purposes, the calendar year runs from January to December, while the financial year spans from April to March. Depending on the situation, some people follow the calendar year, while others adhere to the financial year. Even in HR, most firms practice the calendar year for leaves, performance evaluations, etc., and the financial year for compensation, salary, and increments. Hope this helps.
From India, Mumbai
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379From India, Mumbai
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Dear Ankita,
Yes, your information was helpful, but I have one doubt. Our company started in the month of March, and most employees joined after March. However, our Manager is saying we will keep it from March to February (Leave records) to make it easier to maintain. Is this practice legal or illegal?
Thank you.
From India, Khopoli
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Yes, your information was helpful, but I have one doubt. Our company started in the month of March, and most employees joined after March. However, our Manager is saying we will keep it from March to February (Leave records) to make it easier to maintain. Is this practice legal or illegal?
Thank you.
From India, Khopoli
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Are you under factory act or shop and establishment ? You need to see the leave rules under the relevant act and rules to see if there is any provision to follow Calendar year only.
From India, Mumbai
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From India, Mumbai
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Please give complete information, else you may end up with a wrong reply. Which state does your establishment come under? What type of business is your company doing? How many people are working in the office/establishment?
From India, Mumbai
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From India, Mumbai
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Dear Sir/Madam,
Good Afternoon! Our company falls under the Shops and Establishment Act in the state of Maharashtra. We operate as an online services business, established in March 2013.
In our Pune office, we currently employ 7 individuals, and in our Delhi office, we have 5 employees. I would appreciate your guidance on how to maintain leave records. Can we utilize the financial calendar year for keeping track of leave records?
Attribution: [https://www.citehr.com/476309-calendar-year-company-change.html#ixzz2l4TL0aLv](https://www.citehr.com/476309-calendar-year-company-change.html#ixzz2l4TL0aLv)
From India, Khopoli
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Good Afternoon! Our company falls under the Shops and Establishment Act in the state of Maharashtra. We operate as an online services business, established in March 2013.
In our Pune office, we currently employ 7 individuals, and in our Delhi office, we have 5 employees. I would appreciate your guidance on how to maintain leave records. Can we utilize the financial calendar year for keeping track of leave records?
Attribution: [https://www.citehr.com/476309-calendar-year-company-change.html#ixzz2l4TL0aLv](https://www.citehr.com/476309-calendar-year-company-change.html#ixzz2l4TL0aLv)
From India, Khopoli
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Sec 2(32) of the Bombay Shop and Establishment Act clearly states that the year is a calendar year commencing on the 1st day of January. So in Maharashtra, no, you do not have the option of keeping leave records for anything other than a calendar year.
Furthermore, it states that those who have worked for 240 days in a year, irrespective of the start of employment, are entitled to at least 21 days of leave. Those who have worked for more than 60 days in a year are entitled to 5 days of leave.
For Delhi, you will have to check the rules provided under the Delhi Shop & Establishment Act.
From India, Mumbai
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Furthermore, it states that those who have worked for 240 days in a year, irrespective of the start of employment, are entitled to at least 21 days of leave. Those who have worked for more than 60 days in a year are entitled to 5 days of leave.
For Delhi, you will have to check the rules provided under the Delhi Shop & Establishment Act.
From India, Mumbai
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Hello dear,
Most companies follow the calendar year for HR activities, whether the company started in February or March. This is because it is easier to follow the calendar year from January to December. There are many activities in HR, such as leaves, performance appraisals, rewards systems, etc.
If your company started in March, you can adjust leave in the following way: If the company gives 24 CL in a year, it means you can take 2 leaves per month. Therefore, from March to December, the company will give 24 - 4 (2 leaves in March) = 20 leaves.
Similarly, in the performance appraisal system, you can assess the employee's performance over 10 months at the end of the year.
From India, Dehra Dun
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Most companies follow the calendar year for HR activities, whether the company started in February or March. This is because it is easier to follow the calendar year from January to December. There are many activities in HR, such as leaves, performance appraisals, rewards systems, etc.
If your company started in March, you can adjust leave in the following way: If the company gives 24 CL in a year, it means you can take 2 leaves per month. Therefore, from March to December, the company will give 24 - 4 (2 leaves in March) = 20 leaves.
Similarly, in the performance appraisal system, you can assess the employee's performance over 10 months at the end of the year.
From India, Dehra Dun
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