Greetings!!!
Dear All,
I have recently joined a mid-size broking firm. Though leave policy has not been structured in my organization, what is the normal practice of calculating the salary as well as leaves? (Thanks to all members who have posted leave policy formats)
For eg. In this month, 26 January is a holiday and Saturday is a weekly off. And Tuesday is Mohram. In this case if anyone avails a leave on Monday, how would be his leave or salary calculated?.
I have a doubt whether two days, leave will be calculated (counting Monday and Tuesday) or five days leave (Friday to Tuesday)????
I have read somewhere that “To be eligible for holiday pay, employee must work the last scheduled day immediately proceeding and the first scheduled day immediately following the holiday”
Waiting for senior's advice as I am totally new to the Corporate World. I was earlier into Recruitment.
Regards,
Rashmi
From India, Mumbai
Dear All,
I have recently joined a mid-size broking firm. Though leave policy has not been structured in my organization, what is the normal practice of calculating the salary as well as leaves? (Thanks to all members who have posted leave policy formats)
For eg. In this month, 26 January is a holiday and Saturday is a weekly off. And Tuesday is Mohram. In this case if anyone avails a leave on Monday, how would be his leave or salary calculated?.
I have a doubt whether two days, leave will be calculated (counting Monday and Tuesday) or five days leave (Friday to Tuesday)????
I have read somewhere that “To be eligible for holiday pay, employee must work the last scheduled day immediately proceeding and the first scheduled day immediately following the holiday”
Waiting for senior's advice as I am totally new to the Corporate World. I was earlier into Recruitment.
Regards,
Rashmi
From India, Mumbai
Dear Rashmi,
Leave policy differes from organisation to organisations.You should talk to any of your seniors about this.In my organisation the holidays are not counted in leave calculation.For Ex. If sunday was not working and you took leave on monday it will be counted as 1 leave only.
Similarly if Frioday and monday u took leave and sat and sun is not working only 2 leave will be counted.But repetedly saying it differs from organisation to organisation.
Regards
Anuradha Singh
From India, Gurgaon
4Leave policy differes from organisation to organisations.You should talk to any of your seniors about this.In my organisation the holidays are not counted in leave calculation.For Ex. If sunday was not working and you took leave on monday it will be counted as 1 leave only.
Similarly if Frioday and monday u took leave and sat and sun is not working only 2 leave will be counted.But repetedly saying it differs from organisation to organisation.
Regards
Anuradha Singh
From India, Gurgaon
actually if we take leave on saturday and monday also then it will treat 3 days and if come on saturday and take leave monday then it will treat only 1 leave not included sunday as leave.. manish
From India, Delhi
From India, Delhi
Hi Rashmi,
It is rightly said by Ms. Anuradha Singh that Leave policy differes from organisation to organisations.
In my organisation, the rule states that
1) Casual Leave - If you take saturday and monday as a leave, then only two days will be deducted.
2) Earned Leave & Half Pay Leave - If you take saturday and monday as a leave, then three days will be deducted.
When you take EL and HPL, you have to report on next working day after availing leave otherwise all intervening holidays will countable.
Hope your problem is solved.
with regards
RK Sinha
From India, Ludhiana
It is rightly said by Ms. Anuradha Singh that Leave policy differes from organisation to organisations.
In my organisation, the rule states that
1) Casual Leave - If you take saturday and monday as a leave, then only two days will be deducted.
2) Earned Leave & Half Pay Leave - If you take saturday and monday as a leave, then three days will be deducted.
When you take EL and HPL, you have to report on next working day after availing leave otherwise all intervening holidays will countable.
Hope your problem is solved.
with regards
RK Sinha
From India, Ludhiana
Hi Rashmi
well we sail in the same boat as in i have joined a mid size broking firm too and i have joined specifically as a change specialist. Even i had joined with an intention to bring in some professionalism in the firm. Can you plz let me know how u started of doing changes in your firm. you can also email me on "ankit_khamkar@rediffmail.com".
Thanks
Regards
Ankit
From India, Pune
well we sail in the same boat as in i have joined a mid size broking firm too and i have joined specifically as a change specialist. Even i had joined with an intention to bring in some professionalism in the firm. Can you plz let me know how u started of doing changes in your firm. you can also email me on "ankit_khamkar@rediffmail.com".
Thanks
Regards
Ankit
From India, Pune
hi, Rashmip, as anuradha says,Leave policy differes from organisation to organisation.In my organisation also the holidays are not counted in leave calculation. regards hemant sailor
From India, New Delhi
From India, New Delhi
Dear to calculate leave please read below:
30 Days annual leave
Eeach month entitlement: 30/12=2.5
If employee is going on leave on 15th March 2010.
Then
14(mach days)/30(Month days) to get March Entitlement= 0.46 + 2 (Jan+Feb) = 2.46 now 2.46 x 2.5 (each month entitlement) = 6.16.
Each employee can use 30 days , but some companies allow them only till his entitled to.
From United Arab Emirates, Abu Dhabi
30 Days annual leave
Eeach month entitlement: 30/12=2.5
If employee is going on leave on 15th March 2010.
Then
14(mach days)/30(Month days) to get March Entitlement= 0.46 + 2 (Jan+Feb) = 2.46 now 2.46 x 2.5 (each month entitlement) = 6.16.
Each employee can use 30 days , but some companies allow them only till his entitled to.
From United Arab Emirates, Abu Dhabi
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x