I want to know whether we can carry forward sick leave and casual leave for the next year. Are these leaves encashable?
If an employee is leaving the organization, do all types of leaves get encashed or only earned leaves are encashable?
From India, Pune
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If an employee is leaving the organization, do all types of leaves get encashed or only earned leaves are encashable?
From India, Pune
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Dhanashree,
This is at the discretion of the company. Many organizations follow different practices. Some allow CL/SL to be carried forward up to a certain extent. Some companies have a yearly encashment. Some have encashment only on the occurrence of death, resignation, or retirement. Business & HR need to decide this, keeping in mind the financial implications.
Regards,
Shwetha Rao
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This is at the discretion of the company. Many organizations follow different practices. Some allow CL/SL to be carried forward up to a certain extent. Some companies have a yearly encashment. Some have encashment only on the occurrence of death, resignation, or retirement. Business & HR need to decide this, keeping in mind the financial implications.
Regards,
Shwetha Rao
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Hi.. No only Paid leaves can be carried forward to the next year and moreover only this leave gets encashed at the time of separation.. Regards, Amit Seth.
From India, Ahmadabad
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508From India, Ahmadabad
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As i mentioned it is at the discretion of the compnay & there is no absolute conclusive practice to this. Regards Shwetha
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High Courts Judgments & Central Rules on leave encashment.docx
PF Contribution on Leave Encashment - Clarification by EPFO.pdf