The set of rules governing leave types, accrual, carry-forward, and approval workflows within a company.
A Leave Policy is the documented set of rules covering every leave type a company offers — Casual, Sick, Earned, and any others — along with how each accrues, whether it can be carried forward or encashed, and who approves requests.
A well-defined leave policy matters more as headcount grows: at a handful of employees, leave can be tracked informally, but past roughly 10-15 people, inconsistent or undocumented leave rules become a frequent source of disputes and payroll errors.
MedleyHR handles PF, ESI, TDS, and Form 16 automatically — free for up to 10 employees. Start free →
We use cookies to understand how visitors use MedleyHR.com — page views, feature interest, and drop-off points. No personal data is sold. Privacy policy