{"id":4846,"date":"2022-01-07T13:25:30","date_gmt":"2022-01-07T13:25:30","guid":{"rendered":"http:\/\/43.204.200.242\/hr-glossary\/leave-encashment\/"},"modified":"2022-04-25T11:48:07","modified_gmt":"2022-04-25T06:18:07","slug":"leave-encashment","status":"publish","type":"hr-glossary","link":"https:\/\/akriviahcm.com\/resources\/hr-glossary\/leave-encashment","title":{"rendered":"Leave Encashment"},"content":{"rendered":"

You need to know about leave encashment, which is that it is a term used for the bonus of the employee’s sick leave. However, it is not that simple, as employees can also cash in all accumulated leave pay. The only downside is that the department may have some rules and regulations regarding leave encashment, like the time for encashment and what you can do with it.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-4846","hr-glossary","type-hr-glossary","status-publish","hentry"],"acf":[],"yoast_head":"\nWhat is Leave Encashment? | Meaning & Definition | Akrivia HCM<\/title>\n<meta name=\"description\" content=\"Leave encashment is the money an employee receives in exchange for leaves not utilized from a paid leave provided by an organization during a year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/leave-encashment\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leave Encashment\" \/>\n<meta property=\"og:description\" content=\"Leave encashment is the money an employee receives in exchange for leaves not utilized from a paid leave provided by an organization during a year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/leave-encashment\" \/>\n<meta property=\"og:site_name\" content=\"Akrivia HCM\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AkriviaHCM\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-25T06:18:07+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@AkriviaHCM\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/leave-encashment\",\"url\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/leave-encashment\",\"name\":\"What is Leave Encashment? 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