Re: ( MACOBiE ) Re: MACOBiE HR Pay out Policy

Hi Manish, Leave encahsment as per the factories act, last Basic & DA are to be considered for paying the balance leave. In many cases HRA is also considered for managerial positons where the DA head is not in his structure.   What ever balance PL or EL is there the company should pay all in his full & final settlement. Companies may also pay for Sick Leave also but never casual leaves.     Thanks &Regards, Sanjeev Kumar --- On Mon, 28/6/10, kumar hotha <kumarhotha@yahoo.co.in> wrote: From: kumar hotha <kumarhotha@yahoo.co.in> Subject: ( MACOBiE ) Re: MACOBiE HR Pay out Policy To: SixSigmaHR@yahoogroups.com Date: Monday, 28 June, 2010, 11:44 PM   Dear Mr. Manish Leave encashment policy will vary from company to company. However, in general, encashment of leave is paid on the last drawn salary's basic and DA or basic + HRA with number of days (only PL or EL) available in employee's credit divided by 30 . Such terminal benefit must be calculated well in advance and to be handed over on the last  working day of the employee's retirement day. Regards L.Kumar From: Manish Pandey <sincerework@ yahoo.com> To: SixSigmaHR@yahoogro ups.com Sent: Fri, 25 June, 2010 10:28:56 PM Subject: Re: MACOBiE HR Pay out Policy   Hi can anyone send me details on the leave encashment policy once the employee retires? Do keep in touch. IMPOSSIBLE = I AM POSSIBLE Take Care + Best Regards Manish --- On Wed, 6/23/10, manasi kulkarni <manasi.137@gmail. com> wrote: From: manasi kulkarni <manasi.137@gmail. com> Subject: MACOBiE HR Pay out Policy To: SixSigmaHR@yahoogro ups.com Date: Wednesday, June 23, 2010, 1:01 PM   Hi Can anyone explain me HR Pay out policy? Regards Manasi Kulkarni

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