End of Service BenefitsAs per Saudi Labor Law

INPUT:

Basic Salary Per month:

Transpo Allow Per month: SR 1,200.00

SR 0.00 (i.e. = Basic*3/12months)

Contract Start Date: Sep-21-2008

Select Contract End Date:

Sep-23-2010

Category:

OUTPUT:

Total Working Days= 14 Years, 7 Months & 1 Days

or 14.586 Yrs.

Gross Salary (Basic + Transpo + Housing)

= SR + SR 1200 + SR 0= SR 1,200.00 per month

End of Service Benefits (ESB)

= 2/3 x (1/2 x Gross Salary x 5 yrs.) + 2/3 x (1 x Gross Salary x 5 yrs.) + 1 x (1 x Gross Salary x 4.586 yrs.)= SR 2,000.00 + SR 4,000.00 + SR 5,503.20= SR 11,503.20

Put ZERO For No Transpo & Housing

Housing Allow Per Month:

This excel program is intended to help you in forecasting your End of Service Benefits.Excluding: Payments for any Leave days (i.e.Accrued/Holidays), Indemnity &

other compensations. Please use this as a reference only.

Click here to Back

CASE 1: When Contract is Finished

0 – 5 years (Contract is finished): ½ month Salary for every year of service + payment for any leave days that have accrued and have not been used.

5- 10 years (Contract is finished): ½ Month Salary for every year of first 5 years of service then 1 month salary for the following years of service + payment for any leave days that have accrued and have not been used.

10 years – above (Contract is finished): ½ Month Salary for every year of first 5 years of service then 1 month salary for the following years of service + payment for any leave days that have accrued and have not been used.

CASE 2: Due to Resignation of Employees

Did not complete 2 years: Not entitled to end-of-service-benefits.

Before completing 5 years: 1/3 of the end-of-service benefits

Before completing 10 years: 2/3 of the end-of-service benefit

Completed 10 years: Full end-of-service benefits.