What is the Leave Year-End Process?
The leave year-end process is an annual exercise conducted at the end of the leave year ( Calendar or Financial Year, based on the organization policy). It ensures that all leave related details such as lapses, encashments, and carry forward balances are put in place before the next leave year begins. The primary output of the process, when done correctly, is the accurate opening balance of leaves for all employees - a crucial element in leave management.
With this option, greytHR allows you to finish your leave year-end process in no time at all. Let’s take a closer look at this feature from greytHR’s Leave Management module Leave Management.
Choice of Auto and Manual Options in greytHR
All the components of greytHR have been designed to save you time and effort, and this feature is no exception. On greytHR, you can choose to complete the leave year-end process in one of two ways: auto or manual. With the auto year-end process option, complete the process in a jiffy or explore our manual option for more flexibility and choice. While the auto option greatly reduces the time taken for process completion and simplifies the activity by running it automatically on a previously set date, the manual year-end process allows for more control by making customizations possible.