Termination Without Severance Pay Thailand
Description
How to fill out Accord And Satisfaction And Release Between Employer And Executive Employee Pursuant To Severance Agreement?
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FAQ
If an employee has completed an employment period of six or more years, they are eligible to receive special severance pay alongside the severance pay of an equal or greater amount than the most recent severance pay rate for 15 days for every completed work year.
If an employee has completed an employment period of six or more years, they are eligible to receive special severance pay alongside the severance pay of an equal or greater amount than the most recent severance pay rate for 15 days for every completed work year.
There is no requirement in the Fair Labor Standards Act (FLSA) for severance pay. Severance pay is a matter of agreement between an employer and an employee (or the employee's representative).
Termination compensation: Severance pay in Thailand Employees who have worked for 120 days or more are entitled to severance pay if they are terminated without cause. However, if employees have worked for less than 120 days and are dismissed without cause, they are not entitled to severance pay.
Ing to Section 17 of the Labour Protection Act, the employer who would like to terminate the employment must send the dismissal notice to the employee in advance before or on the day of wage payment so as to serve the dismissal and to be effective on the day of next wage payment.