Leave Policy
1. What is a leave management system?
A leave management system helps in recording, managing, and tracking employee's time-off requests. Its main objective is to handle employee's leave requests impartially while ensuring that the employee's absence from work doesn't adversely impact the business. If you still use paper forms, emails, or excel sheets to record employee leaves, you're heading for a disaster. It can be anything from payroll processing errors, legal compliances, or employee crunch on a particular day. Contrarily, a good leave management system provides a unified view of employee availability across your company and saves you from all these troubles. Some solutions, like RazorpayX Payroll, also synchronize employee leaves, shift timings, and holidays with payroll for automated payroll processing. Now, before proceeding further, let' s look at the various types of leaves in India.
2. Types of leaves
There are various types of leaves that are either instructed by the government or willingly provided by the company.
- Sick Leave (SL):- The company will provide each employee with six sick days per year. If an employee becomes ill and is unable to work, they may request these leaves.
- Earned Leave (EL):- 12 EL leaves per year are available for employees in case of unexpected circumstances or personal matters.
- Paternity Leave (PL):- The father of a newborn baby is given five leaves per year to care for the mother and the child.
- Marriage Leave (ML):- Each employee is entitled to five marital leaves per year.
- Maternity Leave (ML):- The mother can start her leave before giving birth if she wants to prepare for it or take it after. In that instance, the employer won't offer the employee any type of leave, but she can rejoin the company whenever she feels better.
- Compensatory Off:- Unlimited (Authorized by the team head and management) Leave Without Pay (LWP).
- Leave availed beyond the balance shall result into Leave without Pay:- Leave of any kind availed or extended without prior approval of the Sanctioning Authority shall be counted as Leave without Pay. Leave without Pay shall have the direct impact on the appraisal reports, increments / promotions / retention in service of employees.