I am working with an Engineering MNC registered in Mumbai. I have resigned and am currently serving a notice period of three months. I have 54 Earned Leaves, 30 Sick Leaves, and 7 Casual Leaves. I have been informed by my superiors that I cannot surrender my Earned Leaves to reduce the notice period, and I also cannot avail the Earned Leave during this period. In our company, Earned Leave cannot be compensated by cash; instead, it can be carried forward for two years.
Please guide me on whether there is any government policy for Earned Leave compensation. Can I take any legal recourse if I am not allowed to surrender my Earned Leaves or Sick Leaves against the Notice Period and also not allowed to avail the Earned Leave during the notice period?
From India, Mumbai
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Please guide me on whether there is any government policy for Earned Leave compensation. Can I take any legal recourse if I am not allowed to surrender my Earned Leaves or Sick Leaves against the Notice Period and also not allowed to avail the Earned Leave during the notice period?
From India, Mumbai
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If your terms with the management is good,normally, the management will adjust the EL in the notice period or they can encash the balance in EL at the time of final settlement.
From India, Madras
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66From India, Madras
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Vivek,
Understand the purpose of a notice period. It is for a smooth transition and finding an alternative in place of the outgoing employee. Surrendering EL/PL in lieu of the notice period does not serve any purpose for the employers. However, you will be encashed for the accumulated EL/PL along with your F&F settlement. There is no government rule for converting your EL/PL against the notice period.
Pon
From India, Lucknow
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Understand the purpose of a notice period. It is for a smooth transition and finding an alternative in place of the outgoing employee. Surrendering EL/PL in lieu of the notice period does not serve any purpose for the employers. However, you will be encashed for the accumulated EL/PL along with your F&F settlement. There is no government rule for converting your EL/PL against the notice period.
Pon
From India, Lucknow
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