Is Our Leave Policy with 30 Days PL and 10 Days SL Fair for a Small Team?

I am working in an Insurance Distribution House as Manager - Operations & HR. We are a company under the Companies Act of 1956. Our employee strength is 20. In our leave policy, we have included 30 days of PL & 10 days of SL, excluding Public Holidays & holidays declared under the NI Act. Please let me know whether it is okay or not.

Regards,
Gargi

This is fine. I think you have offered more than the statutory obligation.

As per the statutory obligations, the leave entitlement is as follows:
- 15 Privilege Leaves
- 07 Sick Leaves
- 8 Casual Leaves

In our company, at the end of the year, any unavailed Privilege Leaves will be encashed. However, in some companies, these leaves are transferred to the following year.

Regards,
Lavanya