umakanthan53Dear Shruti Verma,
Your proposed Leave Policy reminds me of the old saying " Old wine in a new bottle! ". I don't think it is a leave policy but a policy of compensatory off for over time work most probably based on the industry practice. Deep down, it is a clever way of depriving the employees of the statutory benefits of over time wages which is normally twice the ordinary rate of wages per hour. Even if your industry wages are far higher than the statutory minimum wages based on collective bargaining, the no. of normal working hours per day below the statutory standard if any and the rate of over time wages are always fixed in consultation with the employees. The proposal mentioned in your second query is a little bit paradoxical. As per this proposal the employees finish their work and leave at the normal closing hour would be more efficient whereas those continue to work beyond the normal working hours at the request of the management and avail proportionate compensatory leave thus earned would be poor in performance.
From India, Salem
srinivas nednurkarHello UMA SIR, Correctly Said" it is a leave policy but a policy of compensatory off for over time work" "bit paradoxical"
From India, Hyderabad
kishorkulkarniThis policy may work provided the extra hours worked are counted @double rate. So, in a week, for 10 hrs. extra work, credit of 20 hrs. should be given.
Otherwise, the policy is nothing but what Mr. Umakanthanji has correctly commented...
From India, Kolhapur
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