Hello Everyone, I am an accounts executive in a manufacturing firm. I would like to introduce myself. I'm Priyangshu Chakraborty, and I have been working since December 2006. Every time I have difficulty calculating casual leave, earned leave, and sick leave. So, I hope that everybody who is connected to citehr.com can help me sort out the above problem. Every company has its own terms and conditions, but I want to know about the above matter (Standard format).
I will be waiting for your early response.
Warm regards,
Priyangshu Chakraborty
From India, Bangalore
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I will be waiting for your early response.
Warm regards,
Priyangshu Chakraborty
From India, Bangalore
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As per the Factory Act, an employee is eligible for earned leave at the rate of 1 day for every 20 days worked upon completion of 240 days in the previous year. However, in some companies, Earned Leave (EL) is credited on a monthly basis, and the majority of those companies credit 1 day for 11 working days. What is the formula or calculation for 11 working days?
Regards,
Jagan
From India, New Delhi
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2Regards,
Jagan
From India, New Delhi
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We are a service provider company, and we have introduced an earned leave policy for employees. Some employees avail themselves of their leave, and some do not. When the calendar year is complete, they ask for their leave encashment. I would like to know the exact calculation of how we can do this. Should we consider this on a basic or gross basis? Please suggest.
From India, New Delhi
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From India, New Delhi
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Discussion on Leave Policies under the Factories Act
This topic is discussed in the thread below: https://www.citehr.com/186051-employ...ories-act.html
Kindly go through the same. It will satisfy all your queries regarding the Leaves in the Factory Act.
Regards.
From India, Delhi
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This topic is discussed in the thread below: https://www.citehr.com/186051-employ...ories-act.html
Kindly go through the same. It will satisfy all your queries regarding the Leaves in the Factory Act.
Regards.
From India, Delhi
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x