1 / 6

How to Calculate End Service Benefits in KSA

The Saudi Labor Law states laws and regulations for employment. The law has articles and clauses which define rights of the employer and employee both. It is very necessary for both the employer and employee to understand the labor law before starting working in Kingdom of Saudi Arabia. A large number of people working in Saudi Arabia are expatriates who usually find it convenient to keep notable human resource consulting companies in loop for various HR solutions.

Deepthi7
Download Presentation

How to Calculate End Service Benefits in KSA

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Payroll Middle East HOW TO CALCULATE END SERVICE BENEFITS IN KSA https://payrollmiddleeast.com/

  2. The Saudi Labor Law states laws and regulations for employment. The law has articles and clauses which define rights of the employer and employee both. It is very necessary for both the employer and employee to understand the labor law before starting working in Kingdom of Saudi Arabia. A large number of people working in Saudi Arabia are expatriates who usually find it convenient to keep notable human resource consulting companies in loop for various HR solutions. Saudi Labor Law https://payrollmiddleeast.com/

  3. Gratuity is a monetary token of acknowledgment paid to an employee by the company for their commitment, diligence, and efforts they have contributed during the tenure of service. This amount is usually paid after the employment ends – whether the employee resigns or gets terminated by the company. According to Saudi labor law, if an employee wishes to resign, he is entitled to receive gratuity from the company after the completion of two years in the same company. However, if the employee is terminated, he is entitled to receive a full accumulation of gratuity in case of serving more than a year in the same company. Gratuity is considered as a liability to the employer. What is Gratuity? https://payrollmiddleeast.com/

  4. In case of Resignation Factors Affecting Gratuity Calculations in Saudi Arabia? Apply page animations and transitions to your Canva If the service tenure is less than two years then no gratuity shall be paid. If the service tenure is between two and five years, then one-third of the gratuity shall be paid If the service tenure is between five and ten years, two- thirds of the gratuity shall be paid. If the service period is more than 10 years then complete gratuity shall be paid. In case of Termination If the service tenure is under one year then no gratuity shall be paid. If the service tenure is between one and five years, half salary per month per year shall be paid. If the service tenure is more than five years, full gratuity shall be paid. https://payrollmiddleeast.com/

  5. Gratuity Service Tenure Less than 5 years 5 years and above How to calculate the gratuity in Saudi Arabia? Monthly Salary (SAR) 10,000 10,000 Payroll Month Nov-19 Nov-19 No. of years worked 4.5 7.5 Wage per day 333.33 333.33 Gratuity days 62.05 151.5 First 5 years (1/2 monthly salary per year) 20,671.23 25,000 5+ years (1 monthly salary per year) NIL 25500 Total Gratuity 20,671.23 50,500 https://payrollmiddleeast.com/

  6. Contact Information Email info@payrollmiddleeast.com Whatsapp +971 55 4828368 Call us +971 4 2500251 https://payrollmiddleeast.com/

More Related