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How to calculate the amount I will receive as a settlement if I quit or am fired?

How to calculate the amount I will receive as a settlement if I quit or am fired?

Find out how much the amount you would receive would be if the employment relationship with your company is terminated. The departure could be of your own free will or by decision of your employer.

Every person who is working formally is exposed to a change of worked, either due to termination by your employer or voluntarily through a resignation. However, in this situation, one of the biggest questions that arises revolves around the amount that will be received as settlement. If it is also your case, check the following note.

According to information posted on the website of the Ministry of Labor and Employment Promotion (MTPE)“the liquidation includes the payment of pending social benefits, such as compensation for length of service (CTS) truncated, truncated vacations and truncated bonuses”, establishes the entity.

How to calculate the liquidation?

To find the exact amount of this amount, it is necessary to emphasize that it will be subject to the regime in which the worker is and the benefits he receives. Normally, this amount is basically made up of the CTS, vacations and uncollected gratuities.

To do this, the balance is calculated based on the salary received on the termination date, added to 1/6 of the legal bonus that has been collected in the last six months.

In the case of the missing bonus, the last salary is also used and it will be equivalent to the number of sixths of that salary as full months you have worked within the corresponding semester, either from January to June, or from July to December.

Also, a point to carve is vacation pay. In case the person has not enjoyed this right, they would be entitled to a vacation compensation that would be equivalent to a monthly salary.

Source: Larepublica

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