Scheduled Time-off (Planned Leave)

What is Scheduled Time-off (Planned Leave) ?

 

‘Scheduled Time-off’ or ‘Planned Leave’ refers to those kinds of leaves which have been pre-informed and approved by the managers. Employees opt for scheduled time-offs in cases where they need to attend to any personal duties and responsibilities.
 

Planned leaves are in stark contrast to unscheduled leaves which an employee takes due to some emergency situations such as accidents or death of someone close or in cases where the employee cannot come to work such as falling ill.

 

Usually planned leaves are also paid leaves since the employee has complete control when to apply for the leaves. Similarly, depending on the duration of the leave, the employee would have to inform their manager or supervisor in advance to get it approved on time.

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Golden Parachute

What is Golden Parachute ?    ‘Golden Parachute’ refers to the significant severance packages provided to the employees when they leave the company. Although it

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