Dear Srikanth,
Please find the Leave Policy as below (this was drafted by me); according to your company needs, you can change the following clauses.
1. No. of leaves entitled.
2. Prefix or suffix (i.e., hoilday / weekly off before or after the leave, employee has taken)
3. A national hoilday / Weekly off falling in between the leaves taken.
4. if there is no leave card, then use a leave application form.
5. Encashment: Either give the encashment at the end of the year or when the employee leaves the company.
6. Encashment can be either basic salary / Gross salary.
LEAVE POLICY
Objective:To provide a standard policy for administering and granting employee leaves of absence.
Types of Leave: At_________, there is no differentiated leave. All confirmed employees are granted 30 days of leave per Annum.
Leave Entitlement:
Every confirmed employee is eligible for 30 days of leave per annum.
The calendar year for leave entitlement is 1st April to 31st March of next year / 1st Jan to 31st of Dec of next year.
Leave will be credited at the beginning of each calendar year. Employee commencing or leaving employment mid year, the leave entitlement is calculated on pro-rata basis.
During probation / training, the employee is not eligible for leave. In case of an exigency during this period the Regional VP may grant advance leave which will be adjusted against subsequent entitlement of leave.
Please note:
1. Employee can avail Half day leave; which should be either the first four hours of the work day or last four hours of the work day.
- Employee can club the leave with weekly offs or public holidays either as a prefix or suffix but not both.
- Any organization wide leaves like National Holiday or Festival Holiday falling in the period of leave will be taken as part of leave.
Procedure for applying for leave:
You are required to take an approval from your reporting partner at least 2 weeks in advance before proceeding on leave. Requests for leave shall be considered in the light of current and anticipated workloads.
Each person will have a leave card against his/her name that will be updated by the employee as and when leave is taken. On obtaining the approval, the leave card has to be returned back for records. Leave record for each employee will be maintained at each location.
Employee should first check their leave balance before applying for leave. If leave balance exists, the employee should complete the required details in the leave card but if no leave balance exists, the leave will be treated as Leave Without Pay
After completing the required details in the leave card, the employee should seek approval from immediate superior.
The immediate superior has a discretionary right to sanction, defer or refuse leave as per the exigency of work.
If Employee is absent from work for any reason, and that absence has not been previously authorized by his / her immediate superior, he/ she is responsible to notify the immediate superior soon as possible.
In case of such unauthorized absence on a ground of medical reasons for more than three days, employee is required to submit a medical certificate on your return to HR.
Procedure for Cancellation of Leave:
Employee may change his leave plan and reverse the sanctioned leave, in such event the un-availed leave will be credited to his account. The Leave sanction stands void. Employee will need to submit a fresh leave application for availing any leave in future.
The department head can also cancel the once sanctioned leave on situational / need basis. If an employee proceeds to avail the cancelled leave then those days will be treated as absence from duty and the rules pertaining to absence from duty will be applied.
Procedure for Extension of Leave:
As it is necessary to get prior approval for leave so it is also for extension of leave. The employee has to apply to his/her department head for extension of leave well in advance and get it sanctioned to avail them. In case an employee overstays the unsanctioned leave availed will be treated as absence from duty.
Leave Without Pay:
1. When the employee has no balance leave to avail, any leave taken thereafter will be treated leave without Pay.
2. During the period of LWP, the employee is not entitled for any pay or allowance.
3. A maximum of
3 months of LOP can be availed on the approval of the management. This will be applicable only on case to case basis after evaluating the leave.
Carry forward:
You are allowed to carry forward maximum of 30 days leave into subsequent year. Any excess leave will be lapsed. In this scenario, you will not be entitled to receive pay in lieu of any unused leave, while in service.
Encashment:
Upon your separation with the company, you will be entitled to be paid in lieu of any unused Leave at the date of release from Quadrile Partners. If you exceed the leave entitlement, the excess days will be adjusted at the time of full & final payment.
Leave encashment will be based on the Base Pay.
On retirement, Leave encashment is tax exempted subject to certain condition.
ABSENCE FROM DUTY
1. If an employee is absent from duty continuously for more than 7 days (including any National / Festival / Declared / weekly off days which may fall in-between), an official correspondence from the HR department will be sent to him asking to report to duty and to provide explanation for his absence.
2. Based on the enquiry any action deemed fit would be taken by the management.
3. If there is no response from the employee within the stipulated time mentioned in official correspondence, it would be assumed that the employee has withdrawn his service from the company on his own accord and recorded accordingly.
Maternity Leave:
· All confirmed expectant female employees are eligible for paid leave of absence from work.
· An expectant female employee is entitled for 90 days leave
· The eligibility is for upto two children only.