Leave Sharing Definition
Leave sharing is a benefit plan that allows employees to donate unused sick leaves to a pool. Employees in need of additional sick leaves because of medical emergencies or accidents can draw from this pool.
Leave sharing is an employer-sponsored plan. It gives employees the option of donating unused sick leaves to a charitable pool. The plan is designed to support employees facing major medical emergencies like serious illness or accident, or living in regions affected by natural calamities like flooding. The provisions included in the plan vary from one employer to another.
A Closer Look at Leave Sharing Programs