End Of Service Benefits In Saudi 2017

End of service benefits in saudi means that any employee or worker who is working in kingdom of saudi arabia ksa get some cash after ending their service and will be entitled for end of service benefits as per saudi labor law.

End of service benefits in saudi 2017. The calculation of end of service benefits varies depending upon the fact that the employee is terminated or resigned. Saudi esb calculation has some formula to calculate it. End of service benefits esb will be admissible after 2 years of service with the same employer at the rate of half a month wage for each of the first five years and one month wage for each of the subsequent years of service beyond five years. As per article 84 of saudi labor law an employee is entitled to the following end of service benefits in case of termination.

The end of service benefits of employee s rights on the employer in the case of termination of the employment contract and it is obligatory on the employer to pay the employee at the end of the contract of employment whether it is a fixed term contract or indefinite. 1 2 salary for the first 5 years for each year served. From their formula i just created an image for your better understanding. Esb calculator is available from the saudi govt website itself.

There you can use and calculate the esb for an employee. If an employee is working for a company and when he resigns or gets terminated he will get his full and final settlement from his company which is known as end of service benefits.