How Indemnity Is Calculated For Private Sector
Category: Kuwait Local News
how-indemnity-is-calculated-for-private-sector_kuwait

Any worker who completes more than 10 years in a single company will get "No of years worked * Monthly Salary" , Max indeminity a worker can avail is "18 Months Salary"  even if you work in a single company more than 18 years you will get only 18 months salary as Indemnity.

 

How Indemnity is calculated for the workers who are paid on daily basis

  • If the employee works with the current company for less than 3 years then he is not eligible for Indemnity
  • If the employee works with the current company for more than 3 years and less than 5 years then he is eligible for 1/3 of monthly salary * no of years worked
  • If the employee works with the current company for more than 5 years and less than 10 years then he is eligible for 1/2 of monthly salary * no of years worked
  • If the employee works with the current company for more than 10 years then he is eligible for Monthly salary * No of years worked

 

 

 

How Indemnity is calculated for the workers who are paid on monthly basis

  • If the employee works with the current company for less than 3 years then he is not eligible for Indemnity
  • If the employee works with the current company for more than 3 years and less than 5 years then he is eligible for 1/2 of monthly salary * no of years worked
  • If the employee works with the current company for more than 5 years and less than 10 years then he is eligible for monthly salary * no of years worked

 

08 Sep, 2015 2 2064
Posted Comments
Kuwait Local News
Kuwait Local News
Crime News New Rules Entertainment
Entertainment