Privilege Leave is an earned leave that the company provides to its employees to spend quality time with their families, relax and unwind or for any purpose that requires time away from office each year.
Eligibility for Entitlement
Privilege leaves are applicable to all employees after confirmation. Privilege leaves are accumulated on pro-rata basis during a calendar year.
Rules and Regulations
1. An employee is entitled to avail Twelve (12) calendar days’ Privilege Leaves (PL) per annum. At the start of the calendar year each employee will have 1 PL. And will earn 1 PL for every working month.
2. Privilege Leaves are allotted on a pro-rata basis. For example, if an employee joins/gets confirmed in June, the number of PLs they will get in a calendar will be 6 (1 per month).
3. Privilege Leave can be availed subject to the prior approval of Line Manager/Department Head through Keka.
4. In rare cases, leave may be refused if the requested timings are in conflict with the exigencies of company’s work. At the time of refusal, a mutually convenient alternative date may be agreed. However, under special circumstances planned leave of current year can be availed in the first quarter of coming year.
5. Every year, 6 unused PL will be carried forward to the next calendar year. You can accrue 6 PL per year till a maximum of 21 days.
It is recommended, that every team member must consume 5 consecutive Privilege Leaves in a calendar year, in a planned manner (subject to availability of the leave balance). The maximum allowable duration of consecutive days off for anyone will be 10 working days.
Encashment of Privilege Leave
- Privilege Leaves above 6 unusued leaves in a calendar year will be encashed at the end of the year and credited in the January salary (of the following year)
- A resigning employee, other than on account of fraud, forgery or misconduct, upon settlement, will be entitled to encashment of unutilized Privilege Leaves.
- Encashment will be ((Yearly Basic Salary)/365)*(number of PL)