Hi, I have a new joiner who started on 12 Sept 2022. We provide 15 days of earned leave per year (i.e., 1.25 per month). How does the pro-rata calculation work for the new joiner? Thank you.
From Hong Kong, Wong Tai Sin
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From Hong Kong, Wong Tai Sin
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Please consider that the total working months in 2022 are four: September, October, November, and December. Therefore, 1.25 x 4 = 5 days of leave earned in 2022. From 2023 onwards, the employee will earn 15 days of earned leave (EL). In this case, I suggest considering September 2022 as a full month.
S K Bandyopadhyay (WB, Howrah)
From India, New Delhi
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367S K Bandyopadhyay (WB, Howrah)
From India, New Delhi
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x