Severance Package For Domestic Workers
Description
How to fill out Termination And Severance Pay Policy?
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FAQ
Severance pay is usually based on the number of years you've worked at your employer. Generally, you'll get one week to four weeks of pay per year of service, but it is common for employers to pay out two weeks of pay for each year at the company.
Most organizations choose to give around four weeks' pay for each year the person has been employed (so someone who has worked there for three years would get 12 weeks' pay, for example). Calculating severance this way will reward the employees for their loyalty and tenure.
[(Last month wages x 2/3) x reckonable years of service] Note that service of an incomplete year should be calculated on a pro-rata basis. For details of the calculation of long service payment or severance payment, please refer to ?A Concise Guide to the Employment Ordinance?.
If the services of a domestic worker is terminated before the payment of the 13th month pay, the domestic worker is entitled to the ?monetary benefit in proportion to the length of time he worked during the year, reckoned from the time he started working during the calendar year up to the time of his termination from ...
The severance pay offered is typically one to two weeks for every year worked, but it can be more. If the job loss will create an economic hardship, discuss this with your (former) employer. The general practice is to try to get four weeks of severance pay for each year worked.