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Sandy
18/06/2009 15:51:59
Re: Company Shut Down - Laid Off payment calculation

need help on the calculation of the laid off payment calculation.

Assuming the staff joined Apr'07 and the company is going to shut down by the month end. What is the laid off payment caculation formula.

Please advise.

Thanks
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KL Siew
kl_siew@yahoo.com
18/06/2009 17:12:09
Should be (salary x 12)/365 x 15 x 2 1/6 years
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Sandy
18/06/2009 23:51:33
when talking about salary, is it includes basic salary, allowance and service points, or solely basic?

Please advise.

Thanks
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KL Siew
19/06/2009 08:18:57
Yes but may not include service point. Consult the Labour Department also.
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