Lack of proper leave policy in a company can lead to unauthorised absence of employees from duty, lower productivity, fall in productivity hours, missing of important targets and so on. 

A well drafted leave policy address these types of issues  in workplace.  If an employee is on leave with no prior information his/her work suffers as nobody is prepared for the unexpected absence. But if an employee applies for leave in advance in such case the company is aware of it and the entire team can manage the work in employee absence so that there is no loss of productivity. Leave Policy when implemented in the company it provides a common understanding between the employer and employee that how leave can be taken while in service. It also provides clear.

The Leave policy document cover important points as give below

• Leave application procedure 
• Planned and Unplanned Leave
• Leave bifurcation for the year 
• Important Matters
• Leaves Taken on Mondays
• Leave adjustments
• Uninformed or unapproved leave

The document is useful to small business