Encashment Of Leaves - Leave Policy

Dear Master,
Will You please give me a good leave policy for the encashment of Earned Leaves. Every year I have faced a lot of problem. Since five years every year I put a proposal to the management and get the approval after ten to fifteen times prolonged discussions and appreciated. I made a leave policy and introduced. Leaves are applying and sanctioning etc, are as ususally following, but while encashment of ELs, the managment is always put me in trouble. So will you please give me your view on this.
Regards,
PBS KUMAR

Hi PBS Kumar,

You have not mentioned whether u r in a Govt. job or in the private job.

I can only tell u about my organisation encashment rules. My organisation is a public sector undertaking.

Rules for encashment of leaves: -

1) During service, Encashment of Earned Leave will be permissible maximum twice in a financial year with minimum of 10 days at a time without insisting on proceeding on leave subject to the concerned employees keeping a residual leave of minimum of 30 days at credit at the time of encashment of earned leave.

2) A person can earn upto 300 (Three Hundred) days Earned Leave over that Earned Leave earned will lapse.

3) Calculation of Earned Leave Encashmenent is

Cash = Basic + Dearness Allowance x No. of EL

-------------------------------

30

4) At the time of supperannauation he / she will be entitled for encashment of whole EL he / she have in his / her account.

Hope this information is helpful for you.

With regards

RK Sinha

Hi PBS Kumar,
I hope your problem is over with my information. If your company at any time finalize the encashment of leave policy, please forward me a copy of that at my email id [Login to view].
With regards,
RK Sinha

Dear Mr. Sinha,
It is in Compensation& Benifit citehr, 'Encahment of Earned Leaves".
Recently I put it. Will you please see and advise.
Regards,
PBS KUMAR