What Is LOP (Loss of Payment)? | Overview – CloveHRMS
An organization may grant employees a leave request after consuming all their paid leaves. In that case, they will get LOP for those leaves. It means the employee will not get their salary for the day(s) they took off as they have no remaining
10 Main Objectives of Human Resource Management – CloveHRMS
Key Objectives of Human Resource Management Human Resource Management goes beyond hiring employees; it's a strategic approach to nurturing a dynamic and adaptable workforce. It involves creating a work environment that fosters innovation and growth, thus cultivating a culture of improvement. It also plays
The Ultimate Guide to Leave Policy Design – CloveHRMS
Employee Leave Policy Design This is your one-stop resource for creating leave policies. In this informative article, we'll go into the details of creating a well-designed leave policy for employees that complies with both your organization's demands and the law. The information in this
Essential Components of a Leave Management Policy – CloveHRMS
Components of Leave Management Policy A clearly defined leave management policy is essential for the efficient operation of any organization in the fast-paced business environment of today. In addition to guaranteeing employee happiness, an efficient leave management policy also promotes higher productivity and a
A Definitive Guide To Restricted Holidays – CloveHRMS
Guide To Restricted Holidays In India, holidays are an integral part of our cultural and religious diversity. Alongside the designated public and national holidays, there exist restricted holidays that offer individuals the flexibility to observe holidays specific to their beliefs or personal preferences. What is
Types of Leaves Employees Working in Indian Companies Can Avail
Leaves are an essential aspect of employee benefits and contribute to a healthy work-life balance. Indian companies offer various types of leaves to their employees to cater to different situations and needs. Types of Leaves for Employees in India Understanding the different types of leaves
Leave Encashment: Encashment of Earned Leave Software – CloveHRMS
Leave encashment is an employee benefit that allows individuals to convert their accumulated unused leave into cash. It provides employees with the flexibility to monetize their earned leave days, offering financial compensation for the leaves they did not utilize. What is Leave Encashment? Leave encashment
Importance of Leave Management System – CloveHRMS
A leave management system is a way for companies to manage their employees' leaves. One of the core responsibilities of the HR department of any organization is leave management. However, managing employees' leaves while maintaining a healthy work-life balance is daunting for the HR department.