Hello All,
I am company HR of a private company in Thane, Maharashtra.
One of our employee resigned and relieved few months back and now he wants to encash his paid leaves which he did not take.
My company have a policy that we give paid leave to employee only when we get atleast 4 - 5 days notice in advance, other wise it's treated as absent and salary is deducted from salary. However, some employee still take that leave and accept to deduct salary.
In case of above employee, he took many leaves without any approval, so most of time his salary was deducted. Now he wants to encash those remaining leaves. As per shop and establishment act, Maharastra, do we have to mandatorily encash leaves?
If yes, this would become an easy tool for employees to misuse as they will take leave without any intimation/approval and will later encash those remaining leaves (possibly at higher rate, in case of salary increment later).
Your help in this regard would be highly appreciated.
Thank you
Rajat
