Understanding Different Types of Leave: How Can They Be Used in Your Organization?

Please provide me with the details of different types of leaves and how they can be utilized in an organization.

Thank you.

Hi Garima,

There are primarily three types of leaves that exist in organizations:

1. Privilege leaves / Paid leaves / Earned leaves - 16
2. Casual leaves - 8
3. Sick leaves - 8

Among these leaves, casual and sick leaves can only be utilized during the financial year, whereas Privilege leaves can be carried forward to the next financial year and can also be encashed. Some companies allow encashment on a yearly basis, while others permit encashment only upon separation from the company.

Hope this information is helpful.

Regards,
Amit Seth.