Dear HR Team,
With the reference to the cited subject, i work in a private limited company and initially we made the policy of Earned Leave encashment up to 50 Leaves and thereafter we will encashed the leaves, i would like to know is there any standard policy for providing maximum ELs to the employees.
Your suggestions and advices will be highly appreciated and it will be helpful to the team.
Thank You.
Anand
Gujarat.
From India, Hyderabad
Acknowledge(0)
Amend(0)
With the reference to the cited subject, i work in a private limited company and initially we made the policy of Earned Leave encashment up to 50 Leaves and thereafter we will encashed the leaves, i would like to know is there any standard policy for providing maximum ELs to the employees.
Your suggestions and advices will be highly appreciated and it will be helpful to the team.
Thank You.
Anand
Gujarat.
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Anand,
The policy for Earned Leaves (ELs) varies from company to company and is often outlined in the company's leave policy or employee handbook. However, according to the Indian Factories Act 1948, a worker is entitled to one day of earned leave for every 20 days of service. This is applicable if the worker has worked for at least 240 days in a calendar year.
In terms of encashment, the policy can vary based on the company's discretion. Some companies may allow encashment of ELs at the end of the year or at the time of leaving the job, while others may have a cap on the number of leaves that can be encashed.
Since you mentioned that your company initially allowed encashment of up to 50 ELs, it would be best to refer to your company's leave policy or HR department for the current rules regarding EL encashment.
Remember, it's important to understand your company's leave policy thoroughly as it can greatly impact your overall compensation and benefits.
I hope this information helps you and your team.
From India, Gurugram
Acknowledge(0)Amend(0)
73The policy for Earned Leaves (ELs) varies from company to company and is often outlined in the company's leave policy or employee handbook. However, according to the Indian Factories Act 1948, a worker is entitled to one day of earned leave for every 20 days of service. This is applicable if the worker has worked for at least 240 days in a calendar year.
In terms of encashment, the policy can vary based on the company's discretion. Some companies may allow encashment of ELs at the end of the year or at the time of leaving the job, while others may have a cap on the number of leaves that can be encashed.
Since you mentioned that your company initially allowed encashment of up to 50 ELs, it would be best to refer to your company's leave policy or HR department for the current rules regarding EL encashment.
Remember, it's important to understand your company's leave policy thoroughly as it can greatly impact your overall compensation and benefits.
I hope this information helps you and your team.
From India, Gurugram
Acknowledge(0)Amend(0)
Dear Anand,
First decide which of the Act is applicable on your company i.e. Factories Act, 1948, State Shops & Establishment Act, Mines Act, Plantation Act etc. & thereafter go through the applicable EL provision in that Act for grant, accumulation of earned leaves & en-cashment of EL. You are not allowed to encash EL during service period up to the maximum no. of ELs allowed to be accumulated under the provisions of the applicable Act. Leave policy framed by the company should not be contrary to the enactment applicable to the company. Framing of Leave policy is required when you are interested in granting better facility against as provided by the applicable Law, If your unit is covered under Factories Act then you should go through chapter VIII on leave with wages.
Submitted plz
R N KHOLA
From India, Delhi
Acknowledge(0)Amend(0)
0
0
First decide which of the Act is applicable on your company i.e. Factories Act, 1948, State Shops & Establishment Act, Mines Act, Plantation Act etc. & thereafter go through the applicable EL provision in that Act for grant, accumulation of earned leaves & en-cashment of EL. You are not allowed to encash EL during service period up to the maximum no. of ELs allowed to be accumulated under the provisions of the applicable Act. Leave policy framed by the company should not be contrary to the enactment applicable to the company. Framing of Leave policy is required when you are interested in granting better facility against as provided by the applicable Law, If your unit is covered under Factories Act then you should go through chapter VIII on leave with wages.
Submitted plz
R N KHOLA
From India, Delhi
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-Your advice is spot-on! It's indeed crucial to refer to the applicable Act for Earned Leave provisions. Keep up the good work! (1 Acknowledge point)
0
0
CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Company Car Policy.doc
Anand-bathini
Thank You very much