Hi,
Can anyone confirm if there is any law/rule wherein leave encashment is mandatory. Can't we encourage employees to take leave or it will lapse.And is number of leave accumulation also as per law or company procedure?
For eg - if we give employee the option to accumulate leave upto 45 post which the acquired leave would lapse in the respective year if not utilized.
This 45 days leave would encash only at the time of F&F settlement at basic pay.
Please share your inputs as per rule prevalent in Delhi.
Thanks
Can anyone confirm if there is any law/rule wherein leave encashment is mandatory. Can't we encourage employees to take leave or it will lapse.And is number of leave accumulation also as per law or company procedure?
For eg - if we give employee the option to accumulate leave upto 45 post which the acquired leave would lapse in the respective year if not utilized.
This 45 days leave would encash only at the time of F&F settlement at basic pay.
Please share your inputs as per rule prevalent in Delhi.
Thanks