I heard this concept where I have to use up my 34 leaves for the mandatory holidays. But in other companies, they are considered as holidays only. Ismt this a weird system? How is this beneficial?

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34 has a breakup of 10 public holidays which are decided based on your location and the other 24 are your actual annual leaves.

You can carry forward 5 of them till March next year after which they will get lapsed.

In essence you have to use 19 annual leaves plus 5 carry forward leaves in a year else they will lapse.

The benefit of this is that people utilize their leaves and take a break from work. Leaves are meant to be utilized and not accumulated for encashing. HSBC recognizes that taking a leave is necessary for employee wellbeing. I am not from HR 😄 but I felt this policy is actually good.

Apart from this I believe 10 sick leaves are also there and how that works? Can you elaborate?

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