Leave encashment

Leave encashment is a policy that allows employees to receive monetary compensation in exchange for their unused paid leaves. This can be beneficial for employees who need a financial cushion or prefer to save their leave for a later time. However, leave encashment may be subject to tax and specific company policies.

Step: Turn on the toggle (refer to 3)

Proceed to configure Leave Encashment settings: https://app.kredily.com/leaves/viewLeaveRuleBase/?tab=0