Calculate End of Service Benefit (ESB) in Saudi Arabia
I have been working in a private company for the past 7 years and 5 months. I will leave the country by exit visa. I want to know how to calculate end of service benefit money.
Answers (5)
marterese
11 years ago
good day!! i'm going 10 yrs on December 11,2013 in my company and planning to give my resignation at the end of December,,my salary is 2,200sr...if I resign am I entitle now for the end of service benefits? how can I calculate? I only take one vacation within that 10yrs,,, please reply,,thanks and Godbless!
sayed
11 years ago
Dear Ali, what about transport and housing allowences these are not added to the ESB
let meknow and how much %
let meknow and how much %
selva
11 years ago
i am working in air defence,my salary basic 1900rl,my aqma labour 6years finish my benefit how much is come.
maazeelian
11 years ago
sir if some one who is working here in govt. since 17 years what about his benifits formula please advise.
regards.
regards.
Ali
11 years ago
According to Saudi Arabia labor law, If the company gives final exit or terminates the contract then you are entitled to get half of your monthly salary for each of the first five years and one month salary for following years.
So in your case if your salary is 2000 Riyals, then end of service benefit is calculated as below.
First five years = (5 x 2000)/2 = 5000 SR.
Next 2 years = (2 x 2000) = 4000 SR.
Remaining 5 months you need to calculate like below.
Calculate the benefit by day = 2000 SR / 365 days = 5.47 SR
calculate the days for 5 months = 5 months x 30 days per month = 150 days
Multiply the benefit by day by remaining days = 5.47 SR x 150 days = 820.5 SR
Your Total end of service benefit = 5000 SR + 4000 SR + 820 SR = 9820 SR.
So in your case if your salary is 2000 Riyals, then end of service benefit is calculated as below.
First five years = (5 x 2000)/2 = 5000 SR.
Next 2 years = (2 x 2000) = 4000 SR.
Remaining 5 months you need to calculate like below.
Calculate the benefit by day = 2000 SR / 365 days = 5.47 SR
calculate the days for 5 months = 5 months x 30 days per month = 150 days
Multiply the benefit by day by remaining days = 5.47 SR x 150 days = 820.5 SR
Your Total end of service benefit = 5000 SR + 4000 SR + 820 SR = 9820 SR.
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