News: Companies saying no to leave encashment

Strategic HR

Companies saying no to leave encashment

For the harried overworked executives, there's a new trend that is going to change the way they look at "work" and "life" or "work-life balance". Companies are saying no to leave encashment, which leaves no choice for employees but to exhaust the number of days off they get during a year. In effect, organizations ensure employees spend quality time off work as well. Starting this financial year, Vodafone India has revised its casual leave (CL) and privilege leave (PL) policy by doing away with CL encashment. Not only that. The telecom operator has also increased the compulsory limit for PL by four days.

For the harried overworked executives, there's a new trend that is going to change the way they look at "work" and "life" or "work-life balance". Companies are saying no to leave encashment, which leaves no choice for employees but to exhaust the number of days off they get during a year. In effect, organizations ensure employees spend quality time off work as well. Starting this financial year, Vodafone India has revised its casual leave (CL) and privilege leave (PL) policy by doing away with CL encashment. Not only that. The telecom operator has also increased the compulsory limit for PL by four days.

Read the Economic Times news report here.

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Topics: Strategic HR, #Current, #Corporate

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