Dear Master,
Will You please give me a good leave policy for the encashment of Earned Leaves. Every year I have faced a lot of problem. Since five years every year I put a proposal to the management and get the approval after ten to fifteen times prolonged discussions and appreciated. I made a leave policy and introduced. Leaves are applying and sanctioning etc, are as ususally following, but while encashment of ELs, the managment is always put me in trouble. So will you please give me your view on this.
Regards,
PBS KUMAR
From India, Kakinada
590Will You please give me a good leave policy for the encashment of Earned Leaves. Every year I have faced a lot of problem. Since five years every year I put a proposal to the management and get the approval after ten to fifteen times prolonged discussions and appreciated. I made a leave policy and introduced. Leaves are applying and sanctioning etc, are as ususally following, but while encashment of ELs, the managment is always put me in trouble. So will you please give me your view on this.
Regards,
PBS KUMAR
From India, Kakinada
Hi PBS Kumar,
You have not mentioned whether u r in a Govt. job or in the private job.
I can only tell u about my organisation encashment rules. My organisation is a public sector undertaking.
Rules for encashment of leaves: -
1) During service, Encashment of Earned Leave will be permissible maximum twice in a financial year with minimum of 10 days at a time without insisting on proceeding on leave subject to the concerned employees keeping a residual leave of minimum of 30 days at credit at the time of encashment of earned leave.
2) A person can earn upto 300 (Three Hundred) days Earned Leave over that Earned Leave earned will lapse.
3) Calculation of Earned Leave Encashmenent is
Cash = Basic + Dearness Allowance x No. of EL
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30
4) At the time of supperannauation he / she will be entitled for encashment of whole EL he / she have in his / her account.
Hope this information is helpful for you.
With regards
RK Sinha
From India, Ludhiana
You have not mentioned whether u r in a Govt. job or in the private job.
I can only tell u about my organisation encashment rules. My organisation is a public sector undertaking.
Rules for encashment of leaves: -
1) During service, Encashment of Earned Leave will be permissible maximum twice in a financial year with minimum of 10 days at a time without insisting on proceeding on leave subject to the concerned employees keeping a residual leave of minimum of 30 days at credit at the time of encashment of earned leave.
2) A person can earn upto 300 (Three Hundred) days Earned Leave over that Earned Leave earned will lapse.
3) Calculation of Earned Leave Encashmenent is
Cash = Basic + Dearness Allowance x No. of EL
-------------------------------
30
4) At the time of supperannauation he / she will be entitled for encashment of whole EL he / she have in his / her account.
Hope this information is helpful for you.
With regards
RK Sinha
From India, Ludhiana
Hi PBS Kumar,
I hope your problem is over with my information. If your company at any time finalize the encashment of leave policy, please forward me a copy of that at my email id
.
With regards,
RK Sinha
From India, Ludhiana
I hope your problem is over with my information. If your company at any time finalize the encashment of leave policy, please forward me a copy of that at my email id
With regards,
RK Sinha
From India, Ludhiana
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