End-of-service benefits, the law says, will be payable in cases where the employee has worked for a period of one year or more. Such end-of-service benefits have to be agreed upon by the two parties and should not be lower than three weeks salary for every year of service and shall be paid according to the period of work. The last basic salary drawn will be taken as the yardstick for calculating the end-of-service benefits.
End-of-service benefits, the law says, will be payable in cases where the employee has worked for a period of one year or more. Such end-of-service benefits have to be agreed upon by the two parties and should not be lower than three weeks salary for every year of service and shall be paid according to the period of work. The last basic salary drawn will be taken as the yardstick for calculating the end-of-service benefits.