What is Leave Balance?
Leave balance refers to the remaining unused leave that an employee is entitled to take from their annual leave quota. It shows the total number of leave days left, including various types of leave such as sick leave, vacation leave, personal days, and compensatory time. This balance is typically tracked in a statement that includes the number of leaves used and the number still available for use. Essentially, it reflects the amount of leave an employee can still take within a given time period.