Hello everyone, Is leave encashment mandatory as p...
# compensation-and-benefitsp
Phelomina Sequeira
07/18/2023, 6:26 AMHello everyone, Is leave encashment mandatory as per law?
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Kartik Mandaville
07/18/2023, 6:26 AMyes
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Albus
07/18/2023, 6:26 AMThanks for asking Albus
Albus
07/18/2023, 6:26 AMBased on the information provided in Source 3, leave encashment is not a mandate by law for companies covered under the S&E Act. However, policies may vary from company to company.
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D S Purvika
07/18/2023, 6:29 AMAccording to my knowledge, leave encashment is not mandatory if the company provides unlimited leaves and is informed to the employees at the time of their joining or when the policy is updated.
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apurva dhuri
07/18/2023, 6:32 AMAgree with @D S Purvika if the company follows Unlimited time off policy then leave encashment is not needed; however its not a mandate as per law based on my understanding
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Wristy
07/18/2023, 6:43 AMLeave Encashment is not a mandate under Law; it is based on company policy. Law defines the maximum limit of number of leaves that can be accumulated.
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Nirzari Sen
07/18/2023, 6:47 AMNo. It's not mandatory by law
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Phelomina Sequeira
07/18/2023, 6:52 AMThanks everyone for your inputs
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Piyush Vaidya
07/18/2023, 6:55 AMNo.
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Nandini Vijaisimha
07/19/2023, 8:47 AMWhat do you mean by unlimited leave? How is it used in India?
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apurva dhuri
07/19/2023, 8:48 AMThere is no limit or bifurcation on leaves to be taken apart from the statutory ones.