Final Pay Calculation: How Do You Determine the Days for Settling a Resigned Employee's Salary?

ramamoorthy-m-hr
In my company, on February 10, an employee submitted his resignation. After that, the resignation was accepted, and he served a 15-day notice period. Today, on February 25, is his last working day. How many days do we add to settle his working day salary?
dannuherman
Hello,

To determine the settlement of the employee's working day salary, here's how to calculate it:

1. Resignation Submission: February 10
2. Notice Period Start: February 11 (the day after resignation)
3. Notice Period Served: 15 days
4. Last Working Day: February 25

Calculation of Salary Settlement:

1. Total Days in Notice Period: 15 days (from February 11 to February 25).
2. Last Working Day: February 25 is included in the 15 days.

Additional Days to Consider: After February 25, you typically don't need to add any extra days for salary calculation unless there are specific company policies regarding payment for unused leave or holidays. The employee's working day salary should be calculated based on the 15 days served from February 11 to February 25, inclusive. No additional days need to be added unless specified by company policy.
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