Understanding Employee Leave Policies: What Are Your Entitlements for the Year?

Hello,

What are the compensation and benefits entitlements of an employee? Specifically, I am interested in learning about the leave policies for a year.

Thanks & Regards,
Neelam

Hi Neelam,

Mostly, there are three types of leaves currently prevailing 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.

Hope this information is helpful.

Regards,

Amit Seth

Dear friends,

Most of the company leave will be calculated for the calendar year, not for the financial year.

Regards,
Alphonse
moses_alphonse2@yahoo.com