Resp. All,
You are requested to kindly put some light on Retrenchment Compensation.
I want to know that, lets say if an employee has completed 1 year and 7 months, then for how many days his Retrenchment Compensation will be calculated?
And what about, if an employee has completed 1 year and 5 months?
One more thing, Retrenchment Compensation is calculated on Basic Salary or Gross Salary..??
Plz. give your guidance.
You are requested to kindly put some light on Retrenchment Compensation.
I want to know that, lets say if an employee has completed 1 year and 7 months, then for how many days his Retrenchment Compensation will be calculated?
And what about, if an employee has completed 1 year and 5 months?
One more thing, Retrenchment Compensation is calculated on Basic Salary or Gross Salary..??
Plz. give your guidance.