HomeI would like to ask on how do they compute your separation pay and Service Incentive leave if you are working for the company for 6 years and 9 months.
Free Legal Advice Philippines
Free Legal Advice Philippines
Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.
Log in
How to compute for Separation pay and service Incentive leave?
2 posters
Message [Page 1 of 1]
1 How to compute for Separation pay and service Incentive leave? Fri Nov 21, 2008 10:14 pm
fe05
Arresto Menor
2 Re: How to compute for Separation pay and service Incentive leave? Mon Nov 24, 2008 8:52 pm
fbsensei
moderator
Separation pay, assuming the employee is entitled to it, is generally 1 month pay for every year of service. A fraction of at least 6 months shall be considered as 1 year. The service incentive leave, on the other hand, is 5 days for every year of service.
Please note, however, that this computation will not apply if your company policy provides a higher computation. Thus, i advise you to look into your company policy as that may well be higher than the one given by law.
Please note, however, that this computation will not apply if your company policy provides a higher computation. Thus, i advise you to look into your company policy as that may well be higher than the one given by law.
Message [Page 1 of 1]
Free Legal Advice Philippines » FREE LEGAL ADVICE » How to compute for Separation pay and service Incentive leave?
Similar topics
Permissions in this forum:
You cannot reply to topics in this forum
