Hi, Can you pls tell me what is the Maximum PL/EL which can accumulated by a employee per annum basis. Pls provide me data state wise Regards, Indu
From India, Bangalore
7From India, Bangalore
Hello,
In my company,you can accumulate the PL till 50, after that its gets encashed at the end of financial yr.Bt there is a limitation for the encashment. the leaves above 42 gets encashed. And 42 leaves gets carry forward to next yr.
From India, Thana
In my company,you can accumulate the PL till 50, after that its gets encashed at the end of financial yr.Bt there is a limitation for the encashment. the leaves above 42 gets encashed. And 42 leaves gets carry forward to next yr.
From India, Thana
Dear Indu,
The PL/EL (Prevailage Leave and Earned Leave)is same,as per the act for every 20 days you work you will be provided with 1 day of earned leave, so in a year it is 18 days per year and it is en cash-able.The unused PL/EL can be carry forward to next year and the capping depends upon the company to company policy,this may be 30 days maximum,45 days maximum.
Regards
Hombal
From India, Bangalore
The PL/EL (Prevailage Leave and Earned Leave)is same,as per the act for every 20 days you work you will be provided with 1 day of earned leave, so in a year it is 18 days per year and it is en cash-able.The unused PL/EL can be carry forward to next year and the capping depends upon the company to company policy,this may be 30 days maximum,45 days maximum.
Regards
Hombal
From India, Bangalore
Dear Member,
Pl accumulation is depend on the notice period. If company given notice perod for one month then pl can be accumulated for one month because when the employee is leaving the organisation and he is not completeing notice period or company is releiving the employee immediatley whatsoever reason that time same will be adjusted.
This is totaly depend upon the policy of the company, some company is not accumulating PL for next year and balance will be encashed in the last month of year or financial year because employees are taking leave any time and the organisation is suffering their work.
regards,
Santosh Singh
From India, Mumbai
Pl accumulation is depend on the notice period. If company given notice perod for one month then pl can be accumulated for one month because when the employee is leaving the organisation and he is not completeing notice period or company is releiving the employee immediatley whatsoever reason that time same will be adjusted.
This is totaly depend upon the policy of the company, some company is not accumulating PL for next year and balance will be encashed in the last month of year or financial year because employees are taking leave any time and the organisation is suffering their work.
regards,
Santosh Singh
From India, Mumbai
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.