Benefits
Leave encashment
Paying out unused leave days as cash, usually at exit.
Leave encashment converts an employee's unused leave balance into a cash amount, most often as part of final pay when they leave. It's calculated from the daily rate and the number of days owed.
Related terms
Help & how-to
See it in practice
Loans, salary advances & earned-wage access
Three ways to support staff between paydays, all recovered cleanly through payroll.
Employee self-service: payslips, leave & requests
What employees can do for themselves, on any device, no app store needed.
Approve leave, loans and expenses
How requests flow through the approval inbox and into payroll.
See it applied to real payroll
Vintage People applies these statutory rules on every run, with a full audit trail.