Hello, We are a private limited company in service sector. I need to know the loss pf pay policy for the same. We have 12 CLs and 6 SLs. Please guide. Thanks in advance.
From India, Bengaluru
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From India, Bengaluru
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You have indicated only CL & SL, how about Privilege or Earned Leave. Don't you have this classification? Please check that.
In most cases, availing the 'Loss of Pay' (LoP) would arise only during the first year of service as there won't be any credit to the leave account since crediting to the leave account typically occurs after one full year of service or when all types of leave have been exhausted from employees' leave account. Some employers allow proportionate leave during the first year for emergencies.
Loss of Pay Leave (popularly known as 'Leave Without Pay' - LWP) can be granted in various circumstances:
1) Sickness or accident of self or family members when there is insufficient leave available to the employees.
2) Exhaustion of leave in their leave account.
3) Pursuing certain qualifications or training necessary for their career.
4) Conversion of absenteeism or strike days on a case-by-case basis.
Please let me know if you need further clarification on any of the leave classifications.
From India, Bangalore
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1159In most cases, availing the 'Loss of Pay' (LoP) would arise only during the first year of service as there won't be any credit to the leave account since crediting to the leave account typically occurs after one full year of service or when all types of leave have been exhausted from employees' leave account. Some employers allow proportionate leave during the first year for emergencies.
Loss of Pay Leave (popularly known as 'Leave Without Pay' - LWP) can be granted in various circumstances:
1) Sickness or accident of self or family members when there is insufficient leave available to the employees.
2) Exhaustion of leave in their leave account.
3) Pursuing certain qualifications or training necessary for their career.
4) Conversion of absenteeism or strike days on a case-by-case basis.
Please let me know if you need further clarification on any of the leave classifications.
From India, Bangalore
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Hi,
When an employee has availed all leaves and doesn't have leave balance, we consider it as LOP. You need to refer to state rules for crediting the correct leaves in employees' accounts. You have mentioned only SL & CL, but you have not mentioned EL/PL, which is mandatory. Feel free to get in touch with us for any assistance or clarification.
From India, Bengaluru
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When an employee has availed all leaves and doesn't have leave balance, we consider it as LOP. You need to refer to state rules for crediting the correct leaves in employees' accounts. You have mentioned only SL & CL, but you have not mentioned EL/PL, which is mandatory. Feel free to get in touch with us for any assistance or clarification.
From India, Bengaluru
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Thank you for your responses, Kumar S. and Praveen Bhosale.
I need to know if CL and EL are mandatory as we have not come up with ELs for our employees. The problem is, employees want to avail more leaves apart from what we have given. So we need a cap for LoP.
Thanks in advance.
From India, Bengaluru
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I need to know if CL and EL are mandatory as we have not come up with ELs for our employees. The problem is, employees want to avail more leaves apart from what we have given. So we need a cap for LoP.
Thanks in advance.
From India, Bengaluru
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Before answering this query, please let us know the type of organization you are in and registered under which act. Are you classified as a factory or a shop, and what type of operations/business do you conduct? This information is necessary to provide a response based on the appropriate act/rules.
From India, Bangalore
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From India, Bangalore
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Leave Policy for Bangladeshi Private Companies 2013.doc
Proposal-Privat e-Limited-Compa ny-Registration .pdf