How To Calculate The Dismissal Payout In

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How To Calculate The Dismissal Payout In
How To Calculate The Dismissal Payout In

Video: How To Calculate The Dismissal Payout In

Video: How To Calculate The Dismissal Payout In
Video: How is Compensation Calculated in Unfair Dismissal Cases? 2024, December
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There are situations when the employer is forced to fire an employee. The reasons for these actions can be various factors: from the desire of the employee himself and ending with the reduction of the position. In any case, the employee is entitled to payments in connection with the dismissal.

How to calculate the termination payment
How to calculate the termination payment

Instructions

Step 1

In the event that you resign of your own free will, the employer must pay you wages for days worked and compensation for unused vacation.

Step 2

To calculate your salary, you must divide your salary by the number of days worked, or calculate the average pay per day and then multiply by the number of days worked. As a rule, to calculate the average daily earnings, the number 29.4 is taken (the average number of days in a month). For example, an employee worked 18 days in a month. According to the employment contract, he is entitled to a monthly payment of 10,000 rubles. Thus, to calculate the average daily earnings, you must divide 10,000 rubles by 29, 4. It turns out 340, 14 rubles a day. Then 340, 14 rubles multiply by the number of days worked - 18; it turns out that the employee is entitled to a salary in the amount of 6122, 52. Do not forget about such a tax as personal income tax (13%) - it is withheld from wages.

Step 3

Then calculate the amount of compensation for unused vacation days. First, count the required number of days. To do this, determine the length of service. Add up all the days when you were actually at work or absent for a good reason (but in the event that their number in a month did not exceed 14 days). As a rule, for each month of work, 2, 33 days of vacation are laid. This figure was obtained by dividing the total number of vacation days by 12 months (calendar year). Having determined the number of months worked, multiply their number by 2, 33. For example, an employee worked 5 months, one of which was not completely - he was absent from work for 16 days. Thus, this month is excluded from the total length of service. Calculate the number of vacation days due: 4 months * 2, 33 = 9, 32 days. Thus, the employee is entitled to 10 days of vacation.

Step 4

To determine the amount of compensation, you must multiply the average monthly salary by the prescribed number of vacation days.

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