Currently we do not have leave encashment policy in place but we are planning to introduce the same. We have only Pl, CL & SL leaves
From India, Ahmedabad
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From India, Ahmedabad
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In my knowledge, there is no provision for leave encashment under the Shop and Establishment Act. The provision for encashment of leave can only be through the contract of employment. In short, it's up to the organization whether to encash leave or not.
Further, most organizations (which have a provision for leave encashment) consider P.L. for leave encashment and take BASIC SALARY as the base. The formula typically used is Basic Salary/26 x number of P.L.
From United States, Baton Rouge
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Further, most organizations (which have a provision for leave encashment) consider P.L. for leave encashment and take BASIC SALARY as the base. The formula typically used is Basic Salary/26 x number of P.L.
From United States, Baton Rouge
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It is hard to find an exclusive write-up for leave encashment alone as typically rules for encashment would be part of the leave policy. Here is a copy of the Earned Leave policy with encashment reference. You may use this with required edits.
Next time when you are looking at comprehensive policies for your organization such as leave, attendance, hiring, communication, discipline, etc., I recommend visiting https://www.buybaa.com/hrs/.
From India, Bangalore
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Next time when you are looking at comprehensive policies for your organization such as leave, attendance, hiring, communication, discipline, etc., I recommend visiting https://www.buybaa.com/hrs/.
From India, Bangalore
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Hello madam,
I had worked in a Retail Shop as a Department Manager for almost 8 years. I left the job in the month of December 2018. Now, they are not giving me PL encasement. They are saying that in Maharashtra, there is no PL encasement policy. Please tell me what to do in this case. I have around 140 days of PL at the time of my exit. Please help me.
From India, Bijapur
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I had worked in a Retail Shop as a Department Manager for almost 8 years. I left the job in the month of December 2018. Now, they are not giving me PL encasement. They are saying that in Maharashtra, there is no PL encasement policy. Please tell me what to do in this case. I have around 140 days of PL at the time of my exit. Please help me.
From India, Bijapur
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