No Tags Found!


pradeepkodukulla
Dear All, I have heard in the forum that an Employee is eligible for EL once he is confirmed.
Kindly help me understand whether a person is eligible for EL once his services are confirmed, or if he is only eligible subject to the fulfilment of 240 working days as per the Factories Act 1948. Generally, in our company, we strictly follow the equation of completing 240 days.
Regards,
Pradeep

From India, Hyderabad
bn_banerjee
1

Dear Pradeep,
There are certain limits for every segments of business organisation e.g. Factories, Shops etc. EL eligibility does not depend upon his period of working. If he worked only for a month then even he is eligible for EL, during probation he can not avail these EL. But before confirmation if he leaves the job, EL on prorata basis will be encashed with Full & Final settlement. Suppose your company have 30 days so every month 2.5 EL he is earning EL which he can avail only after completion of Probation period of 6 months, 9 months or 240 days or one year (depends upon Company poilicy & Co. registered under which Act. But if he leaves the job even after completion of one or two months, he will be get encashment of EL with his Full & FInal Settlement. E.g. 30(Total EL in a year) / 12 (months) i.e. 2.5 EL in a month * 2 month = 5 EL will be encashed with his Full & Final settlement.
Bibek Banerjee

From India, Calcutta
deepanair83
3

hi all...... can any one guide me that whether there is any formality to take the earned leaves. Can we take the EL together,is it encashable? Regards, deepa
From India, Kochi
jeeni
11

Dear Deepa,
There is no special procedure of taking the El.
If any time you will take more than 3 leaves your Leaves will be adjusted through the account of El.
If any time You can take 3 or less than 3 leaves the account balance deducted from Cl.
Yes, El Can be encashed.
Hope this information will help u.
Regards
Ranjeet

From India, New Delhi
AKHILAA.S
3

Good evening,
What you have said about EL is correct, but this even applies for software company also. How many leaves we need to give in a year. Does this need to be classified as Casual leave, Sick Leave and Earned Leave compulsorily. Can we give 10 days in total in a year. Is any legal restrictions are there to follow this method. I have this doubt for a long period, please guide me in coming out of this problem.:huh:

From India, Bangalore
samalajeetkumar@gmail.com
1

can anyone specify theather its 240 working days or total employeement days (including saunday & holidays)...?
From India, undefined
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.