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Former Member
Mar 30, 2014 at 12:55 PM

Leave Encashement process

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Dear Guru,

Plse advice me to configure Leave Encashment process :

At the end of Calnder year, for some emp leaves balance are there. Ex: 10 leaves are balance. ONLY ANNUAL LEAVE WILL BE ENCASHED. They can Carry forward these10 balance leaves for the next year. They can Carry forward these 5 balance leaves for the next year & for 5 leaves there will be Encashement process. There will be Encashmnet of 10 leaves. (BASIC + HOUSING) *12 )/ 245= 1 DAY RATE (TOTAL * 12) / 365 = 1 DAY RATE.

Plse suggest the same.....

Regards,

Sharma