One of the employees worked for 357 days during his tenure and then resigned from the job. The tenure includes holidays, leaves, and other factors. My query is, during the final settlement, is he eligible for EL encashment or not? Please advise me.
From India, Hyderabad
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From India, Hyderabad
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The holidays and leave are to be includes if they were availed with wages. B.Saikumar , Mumbai
From India, Mumbai
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1931From India, Mumbai
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Leftover EL should be encashed or acan be adjusted against ant notice period recovery
From United States, Ogden
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From United States, Ogden
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Yes, you are eligible for EL credit to your account, and the EL for the leaving year is proportionate to the days worked in that year at the rate of one day for every 20 days of work. You can claim this in your Full and Final Settlement when leaving the job.
Regards,
D. Gurumurthy
HR & IR Consultant, Hyd.
From India, Hyderabad
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Regards,
D. Gurumurthy
HR & IR Consultant, Hyd.
From India, Hyderabad
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Full n final settlement.doc
Final settlement - dubai.xls