Dear All
Pl help me in understanding the EL calculation. As I know the EL calculation formula is
15 x no. of clear months + 2.5 x no. of remaining days in the month
6 .......................................total no. of days in the month
If a person is joining on 4th May 2009, his EL balance will work out to be 5 days. (till 30.06.2009)
My query here is; can a new employee be credited with ELs on the first day of joining or there is some minimum days attendance criteria.
Pl advise me on the above issue.
best regards,
Priyanka
Pl help me in understanding the EL calculation. As I know the EL calculation formula is
15 x no. of clear months + 2.5 x no. of remaining days in the month
6 .......................................total no. of days in the month
If a person is joining on 4th May 2009, his EL balance will work out to be 5 days. (till 30.06.2009)
My query here is; can a new employee be credited with ELs on the first day of joining or there is some minimum days attendance criteria.
Pl advise me on the above issue.
best regards,
Priyanka