leave policies of different companies
TRANSCRIPT
LEAVE POLICIES OF DIFFERENT COMPANIES.
Purpose of leave.
The leave rules have been formulated to enable employees to maintain a healthy work life balance. Leave is given to the associates to provide for sickness , emergency , personal work , rest and recreation.
The types of leaves are: Paid leave. Casual leave. Sick leave. Optional leave. Maternity leave. Paternity leave. Exigency leave. Privilege leave. Compassinate leave.
Paid leave
Time allowed away from work for holiday or illness during which you receive your normal pay.
Casual leave
Casual leave means when an emergency stops an employee from attending the office and to issue in prior leave application
Sick leave
Sick leave is the time off from work that workers can use to stay home to address their health and safety needs without losing their pay.
Once you approve leave, you cannot hold the employee accountable for work that does not get done during the absence. In terms of short absences, you may not have to adjust the deadlines or requirements at all. However, if the employee is out for an extended time during the opportunity period, you may need to extend the opportunity period for the time of the absence to ensure that the employee has a chance to perform acceptably. Depending upon the nature of the work, an opportunity period shortened by approved absence may be valid if the work assignments and expectations were such that the employee still had the chance to demonstrate improved performance.
Optional leave.
Maternity leave
A period of approved absence for a female employee granted for the purpose of giving birth and taking care of infant children. Maternity leave may last anywhere from several weeks to a period of months depending on the organization , and may be paid or unpaid depending on policies. A certain amount of maternity leave may also be legally mandated for some nations , states, or municipalities.
Paternity leave
Paternity leave or family leave is an employee benefit available in almost all countries hat provides paid time off work to care for a child or make arrangements for the child's welfare. The terms "parental leave" and "family leave" include maternity, paternity, and adoption leave. Often, the minimum benefits are stipulated by law.
Exigency leave
Exigency leave refers to a military family leave provision under FMLA (The Family & Medical Leave Act). The qualifying exigencies permit eligible employees who are family members of a covered military member to take FMLA leave to address the most common issues that arise when a covered military member is deployed. Qualifying exigency may include things such as making arrangements for childcare, making financial and legal arrangements, attending counseling relating to the active duty of the service member, or attending to farewell or arrival arrangements
Privilege leave.
Privilege leave means that an employee should have rest or recuperation from time to time for short spells. Privilege leave is also known as Earned leave.
Compassionate leave.
Compassionate leave is time away from your work that your employer allows you for personal reasons, especially when a member of your family dies or is seriously ill.
Companies implementation on the leave policy.
Wipro company
Wipro Limited is a global information technology (IT) services company headquartered in Bangalore, India. According to the 2011 revenue, Wipro is the third largest IT services company in India and employs more than 122,385 people worldwide as of March 2011. It provides outsourced research and development, infrastructure outsourcing, business process outsourcing (BPO) and business consulting services. The company operates in three segments: IT Services, IT Products, Consumer Care and Lighting.
Leave policy.
Paid
leave
Sick l
eave
Casual
leave
Option
al lea
ve
Materni
ty lea
ve
Pater
nity
020406080
100120140160180
Leaves given in days
Leaves given in days
Implementation of the leave policy.
An employee gets paid leave only when he has completed 6 months with the company.
The employee can take only 2 sick leave at a time and if this period extends then the employee has to bring a doctors certificate.
If manager approves the employee can take as many leaves as possible.
Implementation of the leave policy.
Wipro offers adoption leave to its employees which helps in retaining people.
An application for the paid leave should be made atleast 15 days in advance.
The employee cannot take more than 2-3 paid leave per month.
There is no increase in the vacation days until the third year with Wipro company begins.
Implementation of the leave policy.
A casual leave and sick leave is given to any employee who has newly joined the firm.
If the paid leave exceeds from more than 30 days then the leave will be deducted from the next year.
And if the sick leave exceeds from more than 5 days then some amount of money will be deducted from the salary.
Reliance company
Reliance company was founded by Dhirubhai Ambani in the year 1966 and is headquartered in Mumbai.
It is the largest private business enterprise in India with business in the energy and material value chain ,the largest polyster yarn and fibre producer in the world.
Leave policy.
Paid
leave
Casual
leave
Sick l
eave
Option
al lea
ve
Materni
ty lea
ve
Pater
nity l
eave
04080
120160
Leaves given in days
Leaves given in days
Implementation of the leave policy.
The company atleast expects 90% attendance from a monthly or yearly basis.
The company follows no fault attendance system.
• Each absenteeism = 2 points.• Each late in or early out = 1 point.• Each employee starts fresh with no point each
year.
Implementation of the
leave policy.• And when the points are calculated the following action is
taken:
• 6 points = verbal warning.• 8 points = written warning.• 9 points = 2nd written warning.• 10 points = Termination ( if the employee is unable to give satisfactory answer.)
Implementation of the leave policy. . No leaves can be clubbed with another
leave. Minimum 90 days leave should be in
balance for the encashment of leaves. The paid leave is available after 6 months
of joining. The employee can take only 3-5 paid leave
per month. There are 3 days optional leave given to
the employee from the date of joining.
Implementation of the leave policy.
Employees can take paid leave 30 days after their confirmation in the company.
There are 5 days casual leave to an employee from the date of joining.
The employee can take 1-2 casual leave at a time.
There are 10 days sick leave to an employee from the date of joining.
The employee has to submit doctors certificate if the leave extends to more than 2 days.
Accenture company.
Accenture is a global management consulting, technology and outsourcing company , more than 323,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses.
Leave policy.
Paid
leave
Casual
leave
Sick l
eave
Materni
ty lea
ve
Pater
nity l
eave
0
40
80
120
160
Leaves given in days
Leaves given in days
Implementation of the leave policy.
After completing one year in the company an employee can start taking paid leave.
All employees are eligible for sick leave.
The maximum sick leave accumulated can be 90 days.
Sick leave can only be accumulated but not encashed.
Implementation of the leave policy.
An employee can take only 1 sick leave per month.
The money for the medical treatment is paid by the company itself if the employee brings a doctor certificate with the date mentioned.
The period for the sick leave is counted from September till August.
Sick leave cannot be transferred to the next year.
Fermenta biotech Ltd.
FBL manufactures Vitamin D3 (Cholecalciferol) (the only manufacturer and supplier in India and among the top few manufacturers in the world) and constantly looks for value addition. FBL manufactures Cholecalciferol also know as Vitamin D3 for further applications in global pharmaceutical, food, veterinary and feed industries (premix); cholecalciferol solutions for use in human food supplements; Vitamin D3 resin in oil and Vitamin D3 500 feed grade for use in animal feed supplements; and activated dimethicone powder (Silicon Powder) for antiflatulent use.
Leave policy.
Prive
lege l
eave
Paid
leave
Materni
ty lea
ve
Pater
nity l
eave
04080
120160
Leaves given in days
Leaves given in days
Implementation of the leave policy.
As soon as the employee joins the firm they are applicable for all leaves.
The leave policy of every employee starts from the month of April and ends in March.
Compensatory leave if taken goes under privilege leave.
Privilege leave can be maintained only up to 60 days and then it becomes lapse.
Implementation of the leave policy.
Incase the privilege leave exceeds more than 60 during the month of march ,then only 60 leaves are kept rest all gets lapsed.
Privilege leave should be taken more than 3 days at a time then only the employees will be paid for the leave taken.
Every month 1.75 days gets added to the privilege leave.
There is no sick leave.
Bharat petroleum corporation Ltd.
Bharat petroleum corporation limited (BPCL) is an Indian state controlled oil and gas company headquarted in Mumbai , Maharashtra . The corporation operates two large refineries of the company located at Mumbai and Kochi.
Leave policy.
Paid
leave
Sick l
eave
Casual
leave
Materni
ty lea
ve0
20406080
Leaves given in days
Leave given in days
Implementation of the leave policy.
Leaves are applicable after one year of joining the firm.
The leave policy for all employees starts from 1ST January and ends in December.
There is no Paternity leave. Employees can take 2-3 paid leaves per
month. Only casual leave gets lapsed ,if not
taken.
Implementation of the leave policy.
Rest all leave gets accumulated till 300 days.
If the leave exceeds from more than 300 days then the leave gets encashed in January.
Patni computer systems.
Patni Computer Systems (P) Ltd is India's sixth largest software company that provides Information technology Service to clients in diverse industries. Established in the year 1978, Patni Computers has revenue of more than US $ 150 million. Patni has noteworthy technical expertise in the fields of enterprise applications, enterprise systems management, e-business and embedded technology. An ISO 9001:2000 certified company; Patni has the distinction of being the largest company in the world that has all its development centers assessed at SEI CMM Level 5 and P-CMM Level 3.
Leave policy.
Paid leave
0123456789
10
Leaves given in days
Leaves given in days
Implementation of the leave policy.
The leave policy is applicable once the employee joins the firm.
The leave policy starts from 1st January and ends in December.
Total in all there are 24 leaves. 15 leaves of a year can be carried to
next year. Out of the 24 leaves the employee has
to take at least 9 leaves a year.
Implementation of the leave policy.
Basic leave is only paid to the employees if they encash it after 2 years.
Axis Bank. Axis bank limited is the third largest
private sector bank in India . Although classified as private sector banks its promoters (UTI,LIC,GIC) are all entities owned and controlled by government of India.
The bank offers financial services to customer segments covering large and mid-sized corporates.
Leave policy.
Paid
leave
Sick l
eave
Casual
leave
Materni
ty lea
ve
Pater
nity l
eave
04080
120160
Leaves given in days
Leaves given in days
Implementation of the
leave policy. Paid leave is given to the employees after
their confirmation in the company after 6 months.
An employee can take only 2-3 paid leave per month.
Maximum people prefer to carry forward their leave to next year rather than utilizing it for the previous year.
Paid leaves are encashable and forwarded to the next year.
Implementation of the
leave policy. Sick leave and casual leave cannot be
forwarded to next year. That is why employees first try and utilize
sick leave and casual leave. There is no encashment for sick leave as well
as casual leave.
Jindal steel and power Ltd.
Jindal steel and power limited is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors. Part of the US $ 18 billion OP Jindal Group this young, agile and responsive company is constantly expanding its capabilities to fuel its fairy tale journey that has seen it grow to a US $ 3.3 billion business conglomerate. The company has committed investments exceeding US $ 30 billion in the future and has several business initiatives running simultaneously across continents. Led by Mr Naveen Jindal, the youngest son of the legendary Shri O.P. Jindal, the company produces economical and efficient steel and power through backward and forward integration.
Leave policy.
Exigency leave
Sick leave Casual leave
0
5
10
15
20
25
Leaves given in days
Leaves given in days
Implementation of the
leave policy. Exigency leave gets credited only after
minimum 240 days of working. Casual leave as well as sick leave get
credited on 1st January or as on next month of joining on prorate basis.
Exigency leave and Paid leave can be accumulated only up to 90 days one can get it reimbursed as encashment after keeping minimum balance of Exigency leave and Paid leave at 60 days.
J.P Morgan
J.P Morgan is a multinational banking and financial service holding company head quartered in newyork city .it is the largest bank in united states and the 5th largest bank with total assets . This bank has many branches all over the world and one is located in Mumbai , Maharashtra.
Leave policy.
Paid leave
0
5
10
15
20
25
30
Leave given in days
Leave given in days
Implementation of the leave policy.
Only Paid leaves are given to the employees who are on payroll of randstad.
Only 2-3 paid leaves could be taken in a month.
If the paid leaves are not used then the leaves would be paid along with the salary in January.
Rest all leaves are applicable to the once who have been confirmed to be a part of the company.
Implementation of the leave policy.
Employees used to get complementary off if they used to work on any 4 national holidays.
Also the employees get complementary off if they work overtime
These leaves are applicable as soon as u join the company, because there is no probation as such , the employee is confirmed as soon as he joins the firm.
Compensatory off is given if the employee works on any National holidays as well as if the employee works overtime
Implementation of the leave policy.
Every employee is asked for 10 continuous working days leave because the company is working on a sensitive process and so in case if there are any frauds or if the employees are not working the right way that can be identified in the employees absence by the employees who work in their place.
During these 10 days the employees cannot enter their office premises and also they cannot access to their email nor can they work from home.
Hinduja hospital.
Hinduja Hospital is an ultramodern multi-specialty tertiary care hospital with a Medical Research Centre in collaboration with Massachusetts General Hospital (MGH), Boston, USA.
The Hospital has an inpatient capacity of 342 beds inclusive of 53 critical care beds in different specialties. As a tertiary care hospital, the services offered are comprehensive, covering investigation and diagnosis to therapy, surgery and post-operative care. The inpatient services are complemented with a day centre, out-patient facilities and an exclusive centre for health check for executives.
Leave policy.
Paid
leave
Casual
leave
Sick l
eave
Materni
ty lea
ve
Privile
ge le
ave
0
20
40
60
80
Leaves given in days.
Leaves given in days.
Implementation of the leave policy.
The policy starts from 1st January and ends on 31st December.
Sick leave and casual leave can be taken at a time , not to be combined with holidays , Sundays , etc.
For lower grade of employees the casual leave is credited whereas the higher grade of employees are not credited of casual leave.
Implementation of leave policy.
Privilege leave can be taken for a stretch of 30 days with due intimation.
Privilege leave is available once the employee is made permanent in the firm.
Sick and Casual leave are calculated to a pro rata basis.
Sick leave can be accumulated only for 45 days and then its lapses.
Implementation of the leave policy.
The leave policy is less for newly joined staff since the year 2006.
There Is no paternity leave .
Uhde India Ltd.
Uhde India Limited is a private company which is a Premier Indian Engineering Company for EPCM / EPC-LSTK implementation of Chemical and Industrial Plants. Formerly known as Uhde India, we have been renamed as part of our group's reorganization process globally.
Operating from Mumbai and Pune with a workforce of over 1,200 specialists, our solutions encompass the entire range of services for Fertiliser, Petrochemical, Refinery, Electrolysis, Metallurgical, Pharmaceutical and Industrial.
Leave policy.
Prive
lege l
eave
Casual
leave
Sick
leave
Materni
ty lea
ve
Pater
nity l
eave
04080
120160
Leave given in days.
Leave given in days.
Implementation of the leave policy.
For trainees during the current year will get only sick leave and casual leave.
Privilege leave is given after one year of completion in the company.
Employees get annual 25 privilege leaves in which 13 days of leave is given in the first week of January and remaining 12 days of leave is given in the first week of June.
Implementation of the leave policy.
Privilege leave can be taken minimum 5 days or more than 5 days at a time ,but not less than 5 days can be taken.
Employees can accumulate only up to 100 days leave , because above 100 days leave cannot be encashed . These remaining leaves either gets unused or elapsed.
Casual leave and Sick leave starts from 1st January.
Implementation of the leave policy.
The 180 days (6 months) of maternity leave is divided into 3 months of pre-delivery leaves and 3 months of post-delivery leave.
Men can take 5 days of paternity leave after the baby is born that too within 15 days within the birth of the baby.
Casual leave gets elapsed at the end of the year .
Sick leave can be carry forwarded to the next year.
Citi bank corporation services Ltd.
Citi bank established in 1902 in Calcutta (Kolkata), Citibank has a long history in India. Currently, Citigroup, the owner of Citibank India, is the largest foreign direct investor in financial services in India with a total capital commitment of approximately US$4 Billion in its onshore banking and financial services business and its principal and alternate investment programmes.
It operates 44 full-service Citibank branches in 31 cities and over 700 ATMs across the country.
Citibank is an employer of about 7,500 people.
Leave policy.
Paid
leave
s
Compa
ssion
ate le
ave
Materni
ty le
ave
Pater
nity l
eave
Perso
nal le
ave
020406080
Leaves given in days.
Leaves given in days.
Implementation of the
leave policy. There is no casual leave as such. Women officers are applicable to
maternity leave twice during their career and are being paid for their maternity leave.
2 working days leave is given in case of transfer of residence.
4 working days leave is given in case of intra city transfer of residence.
Implementation of the
leave policy. There is no particular fixed days for sick
leave as such , sick leave is given as per the health issue and cannot exceed 6 months.
Total 36 paid leaves are given in which includes 4 national holidays and 10 mandatory leave balance , rest 22 days leaves can be taken any time during the year , these leaves can be carried forward but are not encashable.
Implementation of the leave policy.
No leave is encashable . These leaves are applicable as soon as u
join the company, because there is no probation as such , the employee is confirmed as soon as he joins the firm.
Compensatory off is given if the employee works on any National holidays as well as if the employee works overtime.
Implementation of the leave policy.
Every employee is asked for 10 continuous working days leave because the company is working on a sensitive process and so in case if there are any frauds or if the employees are not working the right way that can be identified in the employees absence by the employees who work in their place.
During these 10 days the employees cannot enter their office premises and also they cannot access to their email nor can they work from home.
ITM business school.
The ITM Business School is an MBA college in India . Dr. P.V. Ramana is founder chairman of ITM Group of Institution . The ITM Group has component schools such as the Asia Graduate School of Business, which have international affiliations with colleges such as The Ohio State University in the United States and Tianjin Polytechnic University in China .
Leave policy.
Paid leave
Maternity leave
Paternity leave
0102030405060708090
Leaves given in days.
Leaves given in days.
Implementation of the leave policy.
The employees leave starts from 1st of January and ends in December.
The employees can carry forward only 25 leave.
Leaves are encashed only after completing 5 years of service in the company.
Employees can take only 2-3 paid leaves per month.
There is no sick leave or casual leave as such.
Cosmos co-operative bank.
The Cosmos Co-operative Bank Ltd. (Cosmos Bank), established in 1906, is one of the oldest Urban Co-operative Banks in India. Cosmos Bank celebrated its centenary on 18 January 2006. It is one of the first co-operative banks in the country to implement Core Banking System (CBS) across the entire network of its then 137 service outlets using Finacle-Infosys Core Banking Software. It also received an authorized dealer (AD) license from the Reserve Bank of India to become the third co-operative bank in India to have such a license in thirty years.
The bank is headquartered in Pune in its Corporate Office - Cosmos Tower near on Ganeshkhind Road, Shivajinagar, Pune. This Bank is managed by executives and this executive team is led by the Managing Director. The Bank has Board of Directors.
Leave policy.
Paid leave
Casual leave
Sick leave
Maternity leave
020406080
100120140160180
Leave given in days
Leave given in days
Implementation of leave policy.
Employees can take only 2-3 leaves in the span of 4 months.
As soon as the employees are confirmed in the bank the employees are applicable for the leave.
Leaves can be encashable only after 5 years of service in the company.
There is no paternity leave. The leave policy starts from 1st January.