Leave balance refers to the total amount of accrued but unused leave an employee has at any given time.
This balance can include various types of paid time off, such as annual leave, sick leave, and personal leave.
Tracking leave balances is essential for both employees and employers; it allows employees to understand how much time off they can take without affecting their pay while ensuring that businesses can manage staffing levels effectively.
For instance, if an employee has 10 days of annual leave remaining at the end of the year, they can plan vacations or personal time accordingly.
