hi all,
we have earned leave policy. we have to en cash the leaves which are more than 60 for every employee. but every year we are putting aside the en cashed leaves.
now some our employees has leave balances 100 above.
Now management wants to en cash all the leaves for every employee putting the balance 30. But they want to encash the leaves with respective the basics in the respective years.
for example:
x employee: en-cashed leaves year basic amount
15 2008 4500 4500/30*15
15 2009 5000 5000/30*15
15 2010 6000 6000/30*15
15 2012 7500 7500/30*15
present balance 60 2013 8000 8000/30*30
is it the right way. kindly suggest on this
regards
we have earned leave policy. we have to en cash the leaves which are more than 60 for every employee. but every year we are putting aside the en cashed leaves.
now some our employees has leave balances 100 above.
Now management wants to en cash all the leaves for every employee putting the balance 30. But they want to encash the leaves with respective the basics in the respective years.
for example:
x employee: en-cashed leaves year basic amount
15 2008 4500 4500/30*15
15 2009 5000 5000/30*15
15 2010 6000 6000/30*15
15 2012 7500 7500/30*15
present balance 60 2013 8000 8000/30*30
is it the right way. kindly suggest on this
regards