Indemnity calculation - End of service in Kuwait
I have already finished 7 years with my company and if I resign now how much indemnity money i will get?
Answers (5)
Richard
9 سنةs منذ
Hi good morning,
I just want some information regarding on my indemnity,
I started working here in Kuwait last June 15, to Dec.18, 2016.
My basic salary on my contract is kd300 till now,
I did the 3months notice to resign and it end last Dec. 18, and i still have 16 days unused leave as well,
Can you please help me to compute my supposed to be indemnity if how much will I get?
Thanks a lot and more power to you Friday market,
Regards
Richard
I just want some information regarding on my indemnity,
I started working here in Kuwait last June 15, to Dec.18, 2016.
My basic salary on my contract is kd300 till now,
I did the 3months notice to resign and it end last Dec. 18, and i still have 16 days unused leave as well,
Can you please help me to compute my supposed to be indemnity if how much will I get?
Thanks a lot and more power to you Friday market,
Regards
Richard
Lisa
10 سنةs منذ
Hi, I am Lisa and working in Kuwait as expat. My current company does not have an office in Kuwait however I manage the market there.
I have been working there for 5 years and plan to resign. Will I be eligible to recieve indemnity at the completion of 5 years when i resign even if my company's head office is not in Kuwait? Please help. Thank You
I have been working there for 5 years and plan to resign. Will I be eligible to recieve indemnity at the completion of 5 years when i resign even if my company's head office is not in Kuwait? Please help. Thank You
chi
10 سنةs منذ
What is the treatment if the employer terminates the contract of the employee or the contract expires if the employee rendered service of less than 5 years? Will he be entitled to any end of service benefit indemnity?
chi
10 سنةs منذ
What is the treatment if the employer terminates the contract of the employee or the contract expires if the employee rendered service of less than 5 years? Will he be entitled to any end of service benefit indemnity?
Sha
14 سنةs منذ
According to the Kuwait labor law. The worker shall be entitled to a 15 days remuneration for each of the first five years of service and one month remuneration for every year thereafter.
CASE 1:
If the employer terminates the contract or if the duration of the contract expired without being renewed then the worker should get full end of service benefit indemnity.
Example:
If you have worked for 10 years with 500 KD salary the end of service benefit indemnity is calculated as below.
1st five years 15 days x 5 = (75 days / 26 days) = 2.88 months.
Next five years 1 month x 5 = 5 months.
Total Months = 2.88 + 5 = 7.88 months
Total Service Benefit = 7.88 months x 500 KD = 3940 KD
CASE 2:
If the employee resigns after 3 to 5 years of service then the employee is entitled to get half of the end of service benefit indemnity.
Example:
If you resign and have worked for 4 years with 500 KD salary the end of service benefit indemnity is calculated as below.
Total months = 15 days x 4 = (60 days / 26 days) = 2.3 months.
Total Service Benefit = 2.3 months x 500 KD = 1150 KD / 2 = 575 KD
CASE 3:
If the employee resigns and worked more than 5 years and less than 10 years then the employee is entitled to 2/3 rd of the end of service benefit indemnity.
Example:
If you resign and have worked for 7 years with 500 KD salary the end of service benefit indemnity is calculated as below.
1st five years 15 days x 5 = (75 days / 26 days) = 2.88 months.
Next 2 years 1 month x 2 = 2 months.
Total Months = 2.88 + 2 = 4.88 months
Total Service Benefit = 4.88 months x 500 KD = 2440 KD x 2/3 = 1626.66 KD
CASE 4:
If the employee resigns and worked more than 10 years then the worker is entitled to get full end of service benefit indemnity.
Example:
If you resign and have worked for 13 years with 500 KD salary the end of service benefit indemnity is calculated as below.
1st five years 15 days x 5 = (75 days / 26 days) = 2.88 months.
Next 8 years 1 month x 8 = 8 months.
Total Months = 2.88 + 8 = 10.88 months
Total Service Benefit = 10.88 months x 500 KD = 5440 KD
CASE 1:
If the employer terminates the contract or if the duration of the contract expired without being renewed then the worker should get full end of service benefit indemnity.
Example:
If you have worked for 10 years with 500 KD salary the end of service benefit indemnity is calculated as below.
1st five years 15 days x 5 = (75 days / 26 days) = 2.88 months.
Next five years 1 month x 5 = 5 months.
Total Months = 2.88 + 5 = 7.88 months
Total Service Benefit = 7.88 months x 500 KD = 3940 KD
CASE 2:
If the employee resigns after 3 to 5 years of service then the employee is entitled to get half of the end of service benefit indemnity.
Example:
If you resign and have worked for 4 years with 500 KD salary the end of service benefit indemnity is calculated as below.
Total months = 15 days x 4 = (60 days / 26 days) = 2.3 months.
Total Service Benefit = 2.3 months x 500 KD = 1150 KD / 2 = 575 KD
CASE 3:
If the employee resigns and worked more than 5 years and less than 10 years then the employee is entitled to 2/3 rd of the end of service benefit indemnity.
Example:
If you resign and have worked for 7 years with 500 KD salary the end of service benefit indemnity is calculated as below.
1st five years 15 days x 5 = (75 days / 26 days) = 2.88 months.
Next 2 years 1 month x 2 = 2 months.
Total Months = 2.88 + 2 = 4.88 months
Total Service Benefit = 4.88 months x 500 KD = 2440 KD x 2/3 = 1626.66 KD
CASE 4:
If the employee resigns and worked more than 10 years then the worker is entitled to get full end of service benefit indemnity.
Example:
If you resign and have worked for 13 years with 500 KD salary the end of service benefit indemnity is calculated as below.
1st five years 15 days x 5 = (75 days / 26 days) = 2.88 months.
Next 8 years 1 month x 8 = 8 months.
Total Months = 2.88 + 8 = 10.88 months
Total Service Benefit = 10.88 months x 500 KD = 5440 KD
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