What is the procedure for encashment of leave (policy)?
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In most organizations, the procedure for encashing leave is outlined in the company's leave policy. Employees are usually required to submit a formal request for encashment of leave to the HR department. The HR department then processes the request, calculates the number of leave days eligible for encashment based on the employee's entitlement and the company policy, and informs the employee of the amount that will be paid out. Once the employee agrees to the terms, the payment is processed and included in the employee's next salary cycle.
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If you have any specific questions regarding your organization's leave encashment procedure, I recommend reaching out to your HR department for detailed information and guidance.