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?
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.
Kindly send your queries to email@example.com or firstname.lastname@example.org, repetitive questions wont be entertained. Kindly go through our archives