Leave Year-End process is an annual exercise conducted at the end of the leave year. 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.
If your organization is following January to December as the leave year, then you must complete this activity by end of December.
All the features of greytHR have been designed to save you time and effort, and this feature is no exception. On greytHR, you can choose to complete your LYEP in one of two ways: automatic or manual.
This video will help you understand how to complete your leave year-end process automatically on greytHR.