A leave policy is a set of guidelines established by an organization to regulate employee absences, ensuring a balance between work commitments and personal needs. It outlines different types of leave, such as annual, sick, maternity, paternity, and unpaid leave, along with eligibility, duration, and approval procedures. A well-defined leave policy promotes transparency, enhances employee satisfaction, and ensures smooth workflow management. It helps maintain compliance with labor laws while providing flexibility for employees. Organizations tailor leave policies based on industry standards and business needs. Clear communication and proper implementation of leave policies contribute to a productive and positive work environment.