What are the Different Types of Leave & Attendance Policy and How do they Affect any Business?

1 month ago

What are the Different Types of Leave & Attendance Policy and How do they Affect any Business?

What is Leave?

The term Leave refers to the absence or a vacation from work. Technically, it is a term used to describe a period of time that one has to be away from the primary job while maintaining the status of the employee. 

Different types of leave: In general, Organizations have the following types of leave apart from general holidays:

Earned leave (EL, also called privilege leave PL)Sick leave (SL)Casual leave (CL)Leave without pay (LWP)Maternity leave (ML)Paternity leaveCompensatory Off

Leave Policy

Every organization needs a leave management software policy that is tailored to its need and culture. 

Leave Rules

Once you have identified the types of leave an employee can take, you need to define various rules for each leave type.

Leave Without Pay: Leave without pay (LWOP) is a temporary non-pay status and absence from duty that, in most cases, is granted at the employee’s request. 

Granting Leave: Leave requests, both paid and unpaid, should be granted or can be denied as per company’s policy, including any requirements related to eligibility for leave, and other company policies. 

Leave Period End Activity: Most companies follow either calendar year or financial year for leave accounting. 

Attendance Concept

Shifts: Typically day divided into a set of time periods during which different groups of employee perform their duties

Shift Roster: Shift roster is a list of employees, and associated information e.g. location, working times, responsibilities for a given time period e.g. week, month or sports season.

Muster Roll: All organizations, typically maintain a register with a list of all employees. 

Attendance Policy

To regulate the attendance management system process and to ensure that production and other operational activities are running smoothly, companies set up attendance policy.  

Attendance Regularization

This is a process to regularize employee attendance (i.e. request for a change in Attendance Status).  In the Payroll software process, the employee applies for Attendance Regularization and the concerned Manager needs to approve the same. 

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