What is Accrued Leave?

Accrued leave is the leave time an employee earns over a specific period, typically based on the amount of time they've worked at an organization. This earned time off can be used for various purposes like vacation, sick leave, or personal days, depending on the company's policies. The accrual rate (how much leave is earned per period) can vary depending on factors like the company's policy, the employee's position, or local laws. Some companies allow employees to carry over a portion of unused accrued leave to the next year, while others may have a "use it or lose it" policy. In some cases, employers might offer a payout for unused accrued leave, especially upon termination of employment.