Compensation Calculation

How is the Compensation Calculated?

Current Compensation Types for 2025

Notice Compensation:

Duration: 3 months
Calculation: Daily Rate x 90 days
Purpose: Notice of dismissal

Severance:

Duration: For every year
Calculation: Daily Rate x 30 x year(s)
Purpose: Working time compensation

Annual Leave Fee:

Duration: For every year
Calculation: Daily Rate x 14 x year(s)
Purpose: Unused leave entitlement

Important Points

Gross Salary: Gross salary is used in the calculation
Day Basis: The calculation uses the day basis.
Date Included: Start and end dates are included
Minimum Duration: You must have worked for at least 1 year to receive severance pay.
Maximum Limit: There is an upper limit for severance pay

Calculation Formulas:

Notice Compensation = Daily Wage × 90 days
Severance Pay = Daily Wage × 30 × Working Years
Annual Leave Fee = Daily Wage × 14 × Working Year

Sample Calculation:

$ 500 daily wage, 5 years of work:

Notice Compensation: 500 × 90 = $ 45,000
Severance Pay: 500 × 30 × 5 = $ 75,000
Annual Leave Fee: 500 × 14 × 5 = $ 35,000

Important Notice

These calculations are for general informational purposes only.
Always consult your lawyer in legal proceedings.
Compensation calculations are subject to change, please check current legislation.