“80,000 rupees …”: The CEO of Keeper Ince Ince Incong warns responsibility for a hidden debt trap with a due date

When Indian companies think about debt, they often look abroad – on banks, creditors or market obligations. But Shubhranshu Kumar, co -founder and CEO of Keeper, has a sign of a hidden time bomb of 80,000 rupees lurking in public budgets: money due to employees to obtain a paid leave.

In the LinkedIn post, Kumar wrote, “The financial manager who I spoke to this recently said:” Leave responsibility is the only element in our books that grow even when no one talks about it. “He was not wrong in India.

He explained the reasons behind this swelling commitment, he wrote: “Let’s take a look at the reason for this: The average employee uses only 67 % of the custom PTO. Most policies allow 30-45 days of portable leave. Wages have grown only 6.5 % on an annual basis. Drilling.”

“This is change now: Gojarat is the first country to notify the new labor law. This makes it necessary to spend the acquired leave after 30 days annually. Don’t go. There is no delay. It was previously a negative danger now a frequent responsibility,” and warned.

“Financial Manager – If the graph is responsible for your vacation, anything is not flat, then it is time to stop calling it a line of entitlements. Start calling it what it is: debt. With the date of entitlement,” he advised.

Quoting a real example of life, Kumar added, “In the last quarter, I was in contact with the financial manager from a listed company. I thought the responsibility for a vacation was under control. We have opened human resources together.

Kumar concluded that “the leave is no longer just the issue of people, it is no longer just a problem of leave. It is financially exposed, and it is time to enjoy.”

Soon the publication of Kumar Virusi went, drawing mixed reactions found the discussion.

“You mainly suggest a complete shift in the culture of work in India. The issue does not arise in the policies of leave at the highest level, but at the level of the popular base. While policies may formally allow the magazine, in fact, employees often find their requests that their managers deny.

Another comment, “Why can’t be created reserves every month for the number of papers divided monthly and will go in P&L as the employee expenses. Whenever they take a vacation, add it again.”