Enable leave encashment for employees

Leave encashment allows employees to convert unused leave balances into monetary compensation. This feature is especially useful at year-end or during offboarding, depending on the company's leave encashment policy.

Key features

• Allows configuration of single or two-level approval.
• Can be triggered manually by employees.
• Tracks balances eligible for encashment.

Steps to enable leave encashment

1. Navigate to leave settings:
   • Go to Control Panel → Settings → Leave Section.
2. Enable the Leave Encashment module:
   • Scroll to the Leave Encashment section.
   • Enable the toggle to activate this feature.
3. Configure the approval workflow:
   • Choose between:
     • Single-Level Approval: Either the manager or the admin approves.
     • Two-Level Approval: The manager approves first, then the admin gives final approval.
   • Define what status appears after each level (e.g., "Manager Approved", "Fully Approved").
4. Set additional rules (optional):
   • Define which leave types are eligible for encashment.
   • Add rules for minimum balance required to request encashment.
   • Specify the financial year or period in which encashment is allowed.
5. Save and activate:
   • Click Update to save your configuration.

Employee experience

• Once enabled, eligible employees can go to their Leave Dashboard → Request Encashment.
• The request follows the defined approval flow.
• Upon approval, the leave balance is reduced and payroll can be notified manually or automatically (based on integration).