To Implement Leave policy in Pvt. Ltd company - Some of the employees getting 2.25 month Leave en-cashment and exgratia - CiteHR
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Dear All, I am working in a Pvt. Ltd company where we don't have any Leave Policy and Medical Benefits to employees.
Now I was planning to implement Leave Policy but here is a problem.
1. Some of the employees getting 2.25 Leave en-cashment and exgratia (Ex: Gross Salaray 15000/- if he/she works minimum 240days then 15000*2.25=33750/-)
2. Some part of the employees will get only one month (Ex: Gross salary 15000/-if he/she works minimum 240days then 15000*1=15000/-)
Now if i implement Leave policy how should i handle this issue and how should i compromise my management to accept leave policy. Because employees who getting 2.25 wont accept this one because this would be a loss for them.
But i want to change the system in this organization and slowly implement one by one like a corporate.
I hope a best solution & discussion from the experts in the group.
Community Prime Sponsors
FactoHR.com - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS.
Talentedge.com "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA.
Hi Meera,
I have a small doubt. As per your description, I am able to interpret that your company is allowing encashment of leaves at the end of every year. Correct me if I am wrong.
If this is the case, I would suggest to stop leave encashment after end of a leave calander year. Leave encashment can be done only at the time of separation or retirement or death. The rate can be 1x of the last drawn salary.
Also, fix a max quota of leave carry forwarding to next year. This would be helpful for organisation and will motivate employees to consume their leave quota.
I hope I have helped you to get you resolution.
Please Login To Add Reply






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™