Rashtriya Chemicals and Fertilizers Limited

(A Government of India Undertaking)

Mumbai, INDIA

Case Study

Leave Bank –
A Unique Social Security Concept

Co-Authored by:
Shri Sanjeev Doshi, Chief Manager (HRD)
Shri Ashwin Kamble, Manager (HR)
 Aruna Shanbaug
RCF Death
Benefit Scheme
Rs. 10/-
1 day Salary to
Contribution
Prime Ministers
Relief Scheme
Leave Bank – A Unique Social Security Concept

 Employee incapable of attending to his/her duties due

to a prolonged illness or disability due to accident.

 Has exhausted his/her own all leave balance,

 Is allowed to draw and utilise leave that is ‘banked’

by other employees of the company.
 How does the scheme of Leave Bank works?

 Employees who have completed at least one year’s service and having
minimum balance of 20 days to his account, can voluntarily donate one day’s
leave to the ‘Leave Bank’.

 Taking into account the fact that 3,677 eligible employees in the company
consented to participate under the scheme, a leave reservoir of 3,677 has
been created.

In financial terms this means more than 10 years of salary.

 On exhaustion of the leave from the Leave Bank, the same will be replenished
by deducting one day of leave from each of the eligible on roll employee
 Criteria to be fulfilled for
drawing Leaves from Leave Bank
Employees should:
 Have exhausted all available leaves due to a serious and
prolonged medical condition.

 Sufficient Medical Documentation duly verified and sanctioned

by CMO regarding serious and prolonged medical condition

 Possess a good working record, including past attendance,

discipline and performance.

 Employees who have poor performance or punctuality rating or

have faced disciplinary action in the preceding year are not
entitled to avail this facility.
 Benefits to the Employee
availing Leaves from Leave Bank
• Leaves made available to Unwell Employee now
allows his family to draw salary in the form of
Basic Pay, DA and HRA.

• Moreover, monthly recoveries are made for

contributions to PF, Group Savings Linked
Insurance Scheme, RCF Employees Superannuation
Pension, etc. in addition to Professional Tax,
Income Tax, Accommodation Licence Fee, etc.

• Provision for the family’s future needs.

 RCF Unites to Bind Employees

 This unique scheme, provides solace to a family

traumatized by an accident to its only earning member.

 So far 8 family of employees have been beneficiaries

since the inception of this scheme

 Derives a tremendous amount of goodwill &

satisfaction to Employees that they have contributed
to the welfare of a fellow employee’s family.

 Employees know that under such unforeseen

circumstances their families too will be looked after by
the company.
 Total leave credited – 4785 till date
i.e. more than thirteen years of man-days.
Quantum of Leave
Sr.
Employee Name Designation Remarks Present Status Availed from
No.
Leave Bank
1. Venish Ignatius Officer (IT) Full Body Paralysis Superannuated 2 Years, 5 Months
Sr. Operator Road Accident
2. Mahesh Singal Expired 2 Years, 6 Months
SG II and went into Comma
Technician Road Accident and limb
3. Nagu Koli Expired 1 Year, 10 Months
Gr. I (Mech.) movements restricted
Officer Brain Tumour,
4. Chandrakant Yeole On Roll 1 Year, 2 Months
(Mktg.) Vegetative State
Sr. Bed Ridden due to
5. Dilip Choudhari Expired 2 Years, 5 Months
Operator Rare Sickness
6. Pandhari Kamble Sr. Loco Opr. Severe Diabetes Superannuated 1 Year, 7 Months
Chief Bed Ridden due
7. Shrikant Kale Expired 4 Months
Mgr.(Admn.) to Liver Damage
Sr. Tech. Bed Ridden due to
8. Rajendra Maurya On Roll 2 Months
(Inst.) Hip Replacement
Total Leave Drawn from Leave Bank = 13 Years
 What has the company
really contributed to the scheme?
Nothing…. except an …….

Open mind

A desire to see every employee and

his/her family happy and healthy

Concern for future security of Employees as well

as their family members

In fact this is a scheme Of the People (employees)

By the People
For the People
 HR Initiatives …Drive growth

Be the People
Expert

Create a Strong
Trusting
Relationship

Policies that make Employees:

Not Unhappy, Nor Happy – Hygiene Factors

Initiate Strategies Unhappy – Over supervision, Maruti Case
Happy – Case of Leave Bank
 Action Learning and Takeaways:

• Easier for any Organization to implement this scheme in their

Organization.

• We are open to share our experience of Leave Bank to any

organization desirous to implement such as a scheme

• Esteemed Bodies such as SCOPE can propagate this scheme

amongst all its members and prevail upon them to implement it.
 Leave Bank Policy Includes:

Purpose
Reconsi-
deration Definition
of Denial

Request
Scope
Leave

Leave Policy
Donation Statement

Eligibility