How Are Leaves and Salary Calculated When Holidays and Weekends Intervene? Seeking Advice!

Greetings!!!
Dear All,
I have recently joined a mid-size broking firm. Though leave policy has not been structured in my organization, what is the normal practice of calculating the salary as well as leaves? (Thanks to all members who have posted leave policy formats)
For eg. In this month, 26 January is a holiday and Saturday is a weekly off. And Tuesday is Mohram. In this case if anyone avails a leave on Monday, how would be his leave or salary calculated?.
I have a doubt whether two days, leave will be calculated (counting Monday and Tuesday) or five days leave (Friday to Tuesday)????
I have read somewhere that “To be eligible for holiday pay, employee must work the last scheduled day immediately proceeding and the first scheduled day immediately following the holiday”
Waiting for senior's advice as I am totally new to the Corporate World. I was earlier into Recruitment.
Regards,
Rashmi

Dear Rashmi,

Leave policies differ from organization to organization. You should talk to any of your seniors about this. In my organization, holidays are not counted in leave calculation. For example, if Sunday was not working and you took leave on Monday, it will be counted as 1 leave only. Similarly, if you took leave on Friday and Monday, and Saturday and Sunday are not working, only 2 leaves will be counted. But it varies from organization to organization.

Regards,
Anuradha Singh

Actually, if we take leave on Saturday and Monday as well, then it will be treated as 3 days. However, if we come in on Saturday and take leave on Monday, it will only count as 1 leave. Sunday is not included as part of the leave.

-Manish

Hi Rashmi,

It is rightly said by Ms. Anuradha Singh that leave policy differs from organization to organization.

In my organization, the rule states that:
1. Casual Leave - If you take Saturday and Monday as leave, then only two days will be deducted.
2. Earned Leave & Half Pay Leave - If you take Saturday and Monday as leave, then three days will be deducted.

When you take EL and HPL, you have to report on the next working day after availing leave; otherwise, all intervening holidays will be countable.

Hope your problem is solved.

With regards,
RK Sinha
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Hi Rashmi,

Well, we sail in the same boat as I have joined a mid-sized broking firm too, specifically as a change specialist. I also joined with the intention of bringing in some professionalism to the firm. Could you please let me know how you started making changes in your firm? You can also email me at "ankit_khamkar@rediffmail.com."

Thanks

Regards,
Ankit

Hi Rashmip,

As Anuradha says, leave policy differs from organization to organization. In my organization, holidays are also not counted in leave calculation.

Regards,
Hemant Sailor

Dear to calculate leave, please read below:

30 Days annual leave. Each month entitlement: 30/12 = 2.5. If an employee is going on leave on the 15th of March 2010, then 14 (March days) / 30 (Month days) to get March Entitlement = 0.46 + 2 (Jan + Feb) = 2.46. Now, 2.46 x 2.5 (each month entitlement) = 6.16. Each employee can use 30 days, but some companies allow them only until they are entitled to.