Leave Encashment Calculations : Why Manual Math Can Leave HRs in Trouble?
As businesses reach the end of a financial year, HR departments all over India enter into a high-pressure zone. There is a mountain of tasks, where leave encashment calculations stands out as one of the sensitive and important calculations. While it might appear like simple arithmetic, to perform these calculations manually is like walking through a minefield blindfolded. And, since regulations are stricter than ever, a single misplaced decimal point in an Excel sheet is not just a small mistake but a big liability. How to calculate leave encashment manually? While every company has a unique leave management policy, the standard