Accrued leave is the number of paid time off an employee has earned over a financial year by not using the available time off. While some companies allow unused leaves to accumulate and carry forward to the following financial year, others either encash them or let them lapse.
What are the types of leaves that can be accrued?
There are several types of leaves that employees can accrue, depending on their employment policies and local labour laws. Common types of leaves that are accrued include
- Casual leave
- Personal level
- Marriage leave
- Compensatory time-off
- Sick leave
- Annual leave
- Parental leave
How to manage accrued leaves effectively?
HR professionals with numerous responsibilities cannot always keep a close watch on employees' accrued leave balances and remind them to use their allotted time or follow ideal leave practices. An effective leave management system automates accrued leave tracking and provides intuitive dashboards that offer a clear overview of each employee's remaining leave balance. This not only prevents leave mismanagement but does so in a streamlined and efficient manner, benefiting both employers and employees.
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