Each business allots a specific amount of leaves in accordance with its annual quota. The company’s HR policy determines how many leaves an employee must accrue (earn) in a month, quarter, or half-year. “Accrued leave” is the term for such carryover leave. Accrued, accumulating, or leave accrual refers to the leave that an employee accrues throughout the course of the year (during the current holiday pay year).
It is, thus, the quantity of paid vacation time that an employee has accrued in accordance with the company’s employee benefits program but has not yet utilized or been paid. The employer is liable for this. For instance, one leave is accrued each month if a corporation allots 12 leaves year.
