I would like to know the calculation of CL, SL, and PL leaves for the updating of policies. Plus, I have a query: our company is planning to waive off all the leaves and make all the leaves taken as unpaid leaves. However, it would duly pay the amount of the leaves for the whole year at the end of the year, i.e., December. Is this feasible at the end of the employees and employers, and if it is, to whom is it more beneficial?
From India, Delhi
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1From India, Delhi
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Dear Ms. Pooja Tyagi, Your question is pretty unclear... your employer wants to make all leaves unpaid?? Can you please exaggerate as we can provide you with a better reply. Thanks!
From India, Visakhapatnam
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From India, Visakhapatnam
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Please find below the link to guide you on types of leaves and calculating leaves. You will find my post where I have posted links to the desired query on leave...
https://www.citehr.com/428566-leave-policy.html
Also, if your company is going to waive off the leaves of the employees and pay the employees at the end of the calendar year, this will, in the first case, benefit the employees because the leaves they were accumulating will be encashed, and new leaves will be credited to them in the new calendar year, which will be easier to utilize.
From India, Mumbai
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https://www.citehr.com/428566-leave-policy.html
Also, if your company is going to waive off the leaves of the employees and pay the employees at the end of the calendar year, this will, in the first case, benefit the employees because the leaves they were accumulating will be encashed, and new leaves will be credited to them in the new calendar year, which will be easier to utilize.
From India, Mumbai
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Dear All concerned,
Treating all leave taken from January to November as unpaid leave and compensating in the twelfth month may not be a wise decision, I think, as it would upset many other calculations such as PF, pension contributions, gratuity, and income tax, which are to be assessed and finalized in the month of March. It is always better to regularize leave in the same month. Unpaid leave may be granted when no other leave is due or as a measure of punishment if the employee is a habitual absentee despite repeated warnings.
Regards
From India, Pune
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Treating all leave taken from January to November as unpaid leave and compensating in the twelfth month may not be a wise decision, I think, as it would upset many other calculations such as PF, pension contributions, gratuity, and income tax, which are to be assessed and finalized in the month of March. It is always better to regularize leave in the same month. Unpaid leave may be granted when no other leave is due or as a measure of punishment if the employee is a habitual absentee despite repeated warnings.
Regards
From India, Pune
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Employee Benefits.doc
PF Contribution on Leave Encashment - Clarification by EPFO.pdf