We’re excited to announce the launch of the Leave Encashment feature in HReasilyPro. This new functionality streamlines leave management by automating leave encashment calculations and providing greater flexibility for companies to define their leave encashment policies.
Key Features:
- Enhanced Leave Policy Options
- Added “Encashment” and “Allow carry forward and encashment” options to unused leave settings.
- Automated Leave Encashment
- Automatically calculates leave encashment during employee resignation and year-end leave processing.
- Provides flexibility to select the payroll month and period for encashment payments.
- Year-End Leave Processing
- Allows for manual adjustment of leave days to be encashed or carried forward at the end of the leave year period.
- Payroll Integration
- Automatically syncs the number of days encashed to the payroll process, eliminating manual data entry.
- Improved Leave Reporting
- Includes a “Days Encashed” column in the leave report for easier analysis.
- User-Friendly Interface
- Provides a tooltip explaining the leave balance calculation formula for better understanding.
Getting started:
- Log in to your HReasilyPro account.
- Navigate to the Leave module.
- Set up your company’s leave policy, including encashment options.
- Process leave encashment during employee resignations or year-end leave finalization.
- Get the benefit from the automated sync of leave encashment data to payroll.
Secure a demo appointment with us to uncover the full potential of these updates and how HReasilyPro aligns with your business goals. Request a demo today.
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