Understanding Leave Policies in Private Ltd. Companies: Can Anyone Explain?

Can anyone help by explaining the leave rules or policy for a Private Ltd. Company.

Thanks in advance.

Regards,
Priya

Hi Priya,

Mostly, there are three types of leaves prevalent in organizations:

1. Privilege leaves / Paid leaves / Earned leaves - 16
2. Casual leaves - 8
3. Sick leaves - 8

Out of these leaves, casual and sick leaves can be availed only during that financial year, whereas privilege leaves are carried forward to the next financial year and can be encashed. In some companies, it gets encashed on a yearly basis, whereas in some companies, it gets encashed only at the time of separation from the company.

I hope this information is helpful.

Regards,

Amit Seth

Hi Priya,

There was previously one leave policy posted by one of our fellow HR site people. I've made changes accordingly with respect to my organization. Here, I have enclosed it. Check it out and make use of it!

Regards,
Lavanya :)