Leave Policy

Nisha 0001 · #31 23-05-2009, 01:10 PM

I have to prepare leave policy for a financial institution, what r the special laws related to that and the leave policy given here can be used, and what r the various laws give which we should keep in mind while making leave policy

Salah Uddin · #32 02-07-2009, 05:06 PM

Hello.......
I'm Salah Uddin,I'm new user for this side, I hope I will get lot of information & help from others all the member of this side.I wish to to get lot of help from my all the seniour's.......if any sugetion please send mail to

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Salah Uddin

baadsha · #33 17-07-2009, 01:20 AM

you have done a good endevour but despite of lacking some important inclusions. on the whole, you made a good policy but chances of improvements are always there.

hashims · #34 11-09-2009, 03:27 PM

Please provide latest leave policy(CL, ML, EL & other leaves)

deep_desh29 · #35 23-10-2009, 12:45 PM

Nice attempt,

But is it as per the law

deepak

neha22111986 · #36 23-10-2009, 12:53 PM

Hey preeti,

u missed out maternity leave, also include the basis of encashing the leaves i.e. at basic or gross sal. Also, try n include bereavement leaves n do mention for whom n under which circumstances is it applicable.

Regards
Neha

sunil_1981dec · #37 07-11-2009, 01:42 PM

[
Important Leave under the A/c. of.......

PL ( Privilege Leave ) - This is being accounted on the presence of the employee.

2.5 days for every month of working of the employee generally getting sanctioned. If the employee is on leave more than 7 days in any month accordingly it would calculated. At the end of the year the balance PL in any employee's account, could be carried away for the ensuing year. For this also there is a norm which is fixed by the company, that at any point of time an employee cannot accumulate for some fixed days leave in his account and it could be encashed as per the rules of the company. For example : If an employee is having more than 100 days PL at his account, and if the company rules tells that no employee can keep their leave more than 90 days and this employee encash the 10 days. PL always applied well in advance and you cannot telephone and ask for PL.

CL (Casual Leave) As you know, it is fixed one and Company may fix it about 10 to 12 days as per the company norms. This is nothing but emergency leave and you may inform on that also. But most of the companies will not sanction more than 2 days leave. If you want more than 2 days leave you may go for PL.
Medical leave. This is also goes with company rule.
ML : (Maternity Leave): As you know this is belonged to Women area. It should be given 90 days on any kind of company. This lelave could be taken by any women permanent employee at the attainment of delivery time. Some company may give still one or two more months as per the employee's health. Recently there was Central Govt. rule recommending all the companies to sanction 6 months ML. Some of the companies are considering whereas most of the company give 3 to 4 months normally.
If the concerned employee is still in need of leave she may go for loss of pay for 2 to 6 months keeping her employment in the company's rule.
Paternity Leave: Maximum 6 days and this could be taken at a stretch by any male employee at the time of deliver of his wife. Some company gives this and some company may not give also. This goes as per the Company's rule.
Leave with our Pay: On any condition, any employee can opt this leave showing the valuable reason viz., due to the health condition of self or any family member. Company will have to decide on this.

The above are the important kind of leave are being carried out by any kind of company.

LEAVE POLICY:
Types of Leave:
Casual Leave
Sick Leave
Earned/Privilege Leave
Maternity Leave
Extra Ordinary Leave

In this list all 5 are Paid leave & No.4 & No.5 are Statutory Leave.

Casual Leave: As per shops & establishments act, 12 days leave per yr has to be given to an employee as a part of welfare measure.

Jan 26, Aug 15 and Oct 2 are statutory Holidays for any Industry. But for steel, chemical and production industry are given exemption that if they do not able to give holiday on those days, they can be given on other days.

An employee should not apply for leave both on Saturday and Monday, either of the days can be applied. Otherwise Sunday is also considered as CL. Except maternity leave all the other leaves are taken from the calendar year.

Absconding: Not intimating to the dept about the leave.
Extra Ordinary Leave: If the employee is really in a problem, then they can apply for EOL when all other leaves have been exhausted.

Format:
Company Name
Name…………Emp code, Dept
Please grant me leave CL/SL/PL/ML/EOL from…to…. Reason for leave…………….Address…………… Signature of Emp Dept Head HR Dept
…………………………………………………………….
For HR Dept Use

Remaining Leaves
CL-SL-PL-ML-EOL
Earned / Privilege Leave: These leaves are given based on the number of days worked.
For every 20 days of the month – 1 day is statutory

For other 10 days – ½ day or 1 day depends on the company.
Employee should take approval 15 days in advance. If the leave is approved, Sundays and holidays are also considered.

3 yrs leave can be carried forward.
(Basic + DA/26)*No. of leaves remained will be paid at the time of Retirement if an employee do not use these leaves.

Maternity Leave: To Married women employee these leaves are given and are compulsory if the pregnancy is confirmed.

3 weeks after conceiving.
6 to 9 weeks after delivery.
Total salary should be paid for these leaves.
In case of miscarriage/abortion 3 weeks leave should be given.
50% of the salary can be claimed from ESI.

We cannot suspend / dismiss / terminate when an employee is on leave.

jagdish.pathak · #38 07-11-2009, 01:56 PM

Good start, keep it up.

Thanks,
Jagdish Pathak