Hi Folks,
I'm in process on making Leave Policy of our Company, I have few queries..
1. Is it mandatory to Leave encashment to employees during their full and final settlement ? or Is that balance leave adjusted towards the notice period?
2. What happens to leaves balance which remain after adjustment of notice period?
3. Is it mandatory to give 5% of basic pay during full and final settlement even if the company is IT service provider?
Will appreciate advice and help from Rajat and Ajmal too in this matter.
Thanks
Regards
Anu
I'm in process on making Leave Policy of our Company, I have few queries..
1. Is it mandatory to Leave encashment to employees during their full and final settlement ? or Is that balance leave adjusted towards the notice period?
2. What happens to leaves balance which remain after adjustment of notice period?
3. Is it mandatory to give 5% of basic pay during full and final settlement even if the company is IT service provider?
Will appreciate advice and help from Rajat and Ajmal too in this matter.
Thanks
Regards
Anu