Latest News
- Kuwaiti Tweeter Jailed For Insulting Rulers, Judiciary, And Nati...
- MoH Opens Registration For Scholarships And Study Leaves
- 10,000 Patients And 1,600 Surgeries Were Treated At Al-Babtain B...
- Kuwait Railway Project Delayed By Committee
- Kuwait University Attains WHO Accreditation As Healthy Universit...
- Suspect In Jleeb Al-Shuyoukh Murder Case Arrested By Kuwaiti Aut...
- The Ministry Connects With Violators Of Residency Law In Eight L...
- Kuwait Welcomes Armenia-Azerbaijan Border Agreement For Regional...
- Despite Tough Laws, Chaos Seen On Roads
- Body Of Asian National Found In Jleeb Al-Shuyoukh Area
- Ministry Of Commerce And Industry Launches 6 New Electronic Serv...
- 3 Expats Caught In Salmiya With 213 Bottles Of Locally Produced...
Indemnity Calculation For Outsourced Company
I am working for an exchange firm … outsourced from an HR company past five and half years. I resigned from there. I am getting KD 579 as last salary. 21 days leave days are balance. How much indemnity I have the right to get?
Name withheld
Answer: Your indemnity will be calculated on your last remuneration which is KD 579.
The calculation will be done as follows.
Service: 5.5 yrs
Salary: KD 579
For the first 5 years you get 15 days salary for each year = 75 days but these days have to be divided by 26 (working days in a month) = 2.88 months salary.
For the next 0.5 years you get half a month’s salary = 0.5
Total indemnity = 2.88 + 0.5 = 3.38
Salary = 3.38 x KD 579 = KD 1,957.02
But as you are resigning with over 5 years service but less than 10 years, you are entitled to two-thirds of this total = KD 1,304.68.
For the balance of 21 days annual leave you have to divide this by 26 (working days in a month) = 21 divided by 26 = 0.807 month salary = 0.8076 x KD 579 = KD 467.600.
So your total settlement will be KD 1,304.68 + 467.600 = KD 1,772.280.
SOURCE : ARABTIMES
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
Comments Post Comment