Rahul Saini0618

Dear All, I need your help, I work in an IT company and handling 30 Employees. All the Software Developers. I need you all to please help me with the advanced Leave Policy I can implement in my company. I need your inputs to have a policy that should be in favor of Both the Employee and Employer. Something which can control Leaves, Last Minute Leaves and help more productivity. Please mention the Employee Benefits as well we can offer to our employees.
Please share with me the updated Leave Policy which matched the current standard.

From India, undefined
Rahul Saini0618
Human Resource
+1 Other

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Firstly, there is nothing like 'Advance' Leave Policy. There are different diff leave policy names which can be implemented in your organisation.

The most commonly used Leave Policies are:

1. Earned Leave or Privilege Leave

2. Casual Leave

3. Sick Leave or Medical Leave

4. Maternity Leave

5. Quarantine Leave

6. Sabbatical Leave or Study Leave

You may read in detail about these leaves in this blog:

6 Important Leave Policies most companies should have | FastCollab | Blog

However, if you want to give it some advanceness, you may introduce something like:

1. Work from home

2. Compensatory offs

3. Leave credit balances (with negative leave balance)

4. Leave credits transfer from one employee to another

To manage all these policies online, with an awesome Employee Self Service login. You may create a FREE Sign-up on FastCollab | Marketplace | All-In-One Platform

Our team will reach out to you for further discussions.

From India, Hyderabad

Hi Rahul Saini,

Every organization needs a leave policy that is tailored to its needs and culture. There are also statutory rules from the government that need to be taken into consideration. A good leave policy is simple, easy to administer, fair to all parties, and compliant with the statutory requirements. Employees need to be made aware of the Leave Policy.

Adding to this, a leave policy has the following components:

1. Different leave types an employee can avail

2. Various rules for each of the leave types

3. Weekend policy

4. Holidays list

Organizations have the following types of leave apart from general holidays:

1. Earned leave (EL) - also called as privilege leave (PL)

2. Sick leave (SL)

3. Casual leave (CL)

4. Leave without pay (LWP)

5. Maternity leave (ML)

6. Paternity leave

7. Compensatory Off

From the employer's perspective, there is a lot of thinking and work that needs to be done if we are to professionally handle Leave Management. We can break up the activity into a variety of sub-concerns:

1. Leave policy design (different leave types and leave rules)

2. Granting of leaves (increase leave balance of employees by certain amount of days)

3. Tracking leaves taken (quantum of leave days, when, and the reason)

4. Year end activities such as lapsing leave, automatic leave encashment, and carry forward of leave balances

5. Providing leave information to employees such as leave card balances and leave details

6. Preparing MIS reports

7. Leave analytics such as absenteeism, top leave takers, or leave liability, etc.

To get a hands-on experience on all these features, you may signup here: https://www.greythr.com/signup/

From India, Bengaluru

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.

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