tegory% | Kuwait Jobs and News | Latest Job Vacancies iiQ8

Calculating Indemnity in Kuwait – FAQ

Calculating Indemnity in Kuwait - Frequently Asked Questions The Labor Law defines the Termination of Services and Employees term it as per their convenience. People call it “Benefits after End of Service”, since I want to make it simple, I am listing it’s Process and related Calculations, for the benefit of the General Public. The Employees have lot of Doubts on this Termination Indemnity, they often consult under signed for clearing their doubts, Today, I am trying to cover all of their FAQs, so the the people can take benefits by getting knowledge on these terms and condition of the Employers. Calculation Of Indemnity in Kuwait As per Law 1) The Most common Question of any employee working in Kuwait is, whether he is eligible for claiming Termination Indemnity, specially Foreign Nationals As per Labour Law Any Employee working in Private Sector, Be it Kuwaiti National or Foreign National, is eli…

Calculation Of Indemnity in Kuwait As per Law

Calculation Of Indemnity in Kuwait As per Law I will be completing 17 years of employment in April 2017. I would like to submit my resignation in December 2016 with March 28, 2017 being my last working day. My total monthly salary is KD 450, but work permit salary is KD 250 only. I have an increment paper signed by the management that my total salary is KD 450. Now, as per Kuwait Labor Law, on what basis will my Annual Leave and Indemnities be calculated? Total salary or work permit salary? Also please advise, after my residency expires on March 28, 2017, what can I do if my sponsor does not pay my dues by then and does not renew my residency. If I approach Shoun, will they take a long time to settle my case? Indemnity Is Calculated On Basic Salary with Allowances (adsbygoogle = window.adsbygoogle || []).push({}); Indemnity Kuwait – Question and Answers Name withheld Answer: Your indemnity is ca…

Indemnity Is Calculated On Basic Salary with Allowances

Indemnity Is Calculated On Basic Salary Plus All Allowances As Per Kuwait Labor Law Due to downsizing of our department, some of us have been issued termination letters with a 3 months’ notice period which ends in the 1st week of November 2016. I had joined the company in September 2012 and was made to sign a contract with the following term stating “Indemnity will be one month salary based on basic salary and HRA only for each completed year of service, however in case of resignation from employment, provisions of the Kuwait Labor Law will apply”. My current salary is KD 400 which is breakdown as follows: Indemnity Kuwait Indemnity Calculation In Kuwait, Question and Answers (adsbygoogle = window.adsbygoogle || []).push({}); Indemnity Calculation in Kuwait As Per Law Basic: KD 200 HRA: KD 115 Transport allowance: KD 85 My questions are: 1. How will my indemnity be calculated and how much will…

Indemnity Calculation in Kuwait As Per Law

Indemnity Calculation in Kuwait My salary is KD 450. I want to know how much will I get after 15 years of service with the same sponsor and workplace? I really need your good advice and calculations because some of my co-workers have left the company already but they were not satisfied with what they received. Your insight and advice will be appreciated, more power too to your great column. Name withheld Indemnity Kuwait Indemnity Calculation In Kuwait, Question and Answers (adsbygoogle = window.adsbygoogle || []).push({}); Calculating Termination Indemnity or End of Service benefits in Kuwait Answer: First of all you must understand that after you complete 10 years service you are entitled to the full indemnity and nothing can be deducted. The calculation of the indemnity will be as follows: Salary = KD 450 Service = 15 years So you will get 15 days pay for each of the first five years = 72 …

Kuwait Indemnity – Indemnity Rules

Indemnity Kuwait - Indemnity Rules 1. The worker deserves 15 days indemnity during the first five years, and increases to one month after the first five years. 2. An employee who resigns, but does not complete three years with the employer, does not deserve an indemnity. 3. But if the employee completes three to five years and resigns, the employee then deserves half of the indemnity, if he completes five to 10 years, then he deserves two-thirds of the indemnity. 4. If the worker completes 10 years of work then resigns, he deserves full indemnity which is one month salary for each year spent at work, according to Article 51 of Labor Law in the private sector, and should not exceed 18 months. Question and Answers 1. Indemnity Calculation for above 5 years but less than 10 years of service inclusive of allowance Question : I have been working as a secretary in a Kuwaiti company for the past 6 years (Joining Date: 23.01.2010). My…

Indemnity Kuwait – Question and Answers

Indemnity Kuwait Indemnity Rules 1. The worker deserves 15 days indemnity during the first five years, and increases to one month after the first five years. 2. An employee who resigns, but does not complete three years with the employer, does not deserve an indemnity. 3. But if the employee completes three to five years and resigns, the employee then deserves half of the indemnity, if he completes five to 10 years, then he deserves two-thirds of the indemnity. 4. If the worker completes 10 years of work then resigns, he deserves full indemnity which is one month salary for each year spent at work, according to Article 51 of Labor Law in the private sector, and should not exceed 18 months. Question and Answers 1. If company does not give the indemnity to an employee, what can the employee do? Question - I have an inquiry about indemnity amount as I have plans to resign after 12 years service. I have been working in the same company f…

Indemnity Kuwait Indemnity Calculation In Kuwait, Question and Answers

Indemnity Kuwait Indemnity Calculation In Kuwait, Question and Answers What is Indemnity? Indemnity is also known as End of Service benefits which will be paid when you are leaving a company. Every individual working in Kuwait has the right to get end of service benefits. Expats in Kuwait are not much aware of the labor law, how the indemnity will be calculated, in this article we will discuss about who are eligible to get indemnity and how the indemnity will be calculated The Employees often consult legal consultants to clear their doubts regarding Termination Indemnity. . We will try to cover queries related to indemnity as much as possible, so the people can take benefits by getting knowledge on these terms and condition of Indemnity Who is Eligible To Get Indemnity According to Kuwaiti Labor Law, any employee working in the private sector, whether Kuwaiti or foreign, is eligible to claim Termination Indemnity. However, some organizations …

Calculating Termination Indemnity or End of Service benefits in Kuwait

Calculating Termination Indemnity or End of Service benefits in Kuwait Question: Is there an easy way of calculating my termination indemnity? Can you please explain how I can calculate it? Fajer: First of all, I would like to make it clear that it is not a lawyer’s job to do the actual calculations. Even through the legal procedures, lawyers will not usually calculate – instead experts are called in to calculate the final amount (they are usually accountants). With that said, the principle of the calculations is not that hard to master, and I suggest that you calculate it so that you have a rough idea of your termination indemnity amount. This will depend on whether you have been terminated or you have terminated the contract. In the event where you are terminated: * Less than 5 years of employment – 15 days’ pay of your salary. * Between 5 to 10 years of employment – 30 days’ pay of your salary. * The total amount should not exceed an amount th…

Indemnity Calculator as per Kuwait Law

Kuwait Indemnity Law & Calculator for Free : This version is still under observation to make sure that the results are being executed as per Kuwait’s Law. If you find any error, please let us know. Your cooperation will be highly appreciated. Indemnity Calculator as per Kuwait Law Beta Version Your Remuneration: KWD (Per Month Remuneration) Years of Service: Years Did you Resign ? Yes : No : Calculate Kuwait Indemnity Law Years of Service at the Company Employee is Terminated from the Company Employee Submitted Resignation Under 3 Years 15 days salary for every year worked Not Available 3 to 5 Years 15 days salary for every year worked Half of the 15 days salary for every year worked 5 to 10 Years One Month salary for every year worked two third of the 30 day salary for every year worked More than 10 Years One Month salary for every year worked (not exceeding …

Full indemnity in Kuwait for private sector employees, iiQ8

Full indemnity in Kuwait for private sector employees, iiQ8 Kuwait City, 20th August, 2020: Kuwait parliament grants private sector employees full indemnity 🇰🇼 Kuwait parliament approved, in the second reading Wednesday, amendments in private sector’s law to give employees the right to receive indemnity calculated on basis of the full wage. The parliament voted 43-11 in favor of the bill, which stated a private sector’s employee was entitled for “full indemnity” without deduction of sums employee was paying for Public Institute for Social Security during his/her service. The employee deserve full indemnity, noted the new law, providing it takes place after 2010. The law also regulates the days of leave in the private sector. Source :- KUNA Christmas & New Years Events 2023 in Kuwait Mass Schedule (adsbygoogle = window.adsbygoogle || []).push({}); How much Money the World Cup winner is going to get, FIFA 2022 https://…

Q8 expatriates Indemnity Calculation, Indemnity Calculation in Kuwait, iiQ8

Expatriates Indemnity Calculation in Kuwait based on Service & Remuneration :: Indemnity Calculation in Kuwait Q8 expatriates Indemnity Calculation, Indemnity Calculation in Kuwait, iiQ8 The worker deserves 15 days indemnity during the first five years, and increases to one month after the first five years. An employee who resigns, but does not complete three years with the employer, does not deserve an indemnity. But if the employee completes three to five years and resigns, the employee then deserves half of the indemnity, if he completes five to 10 years, then he deserves two-thirds of the indemnity. If the worker completes 10 years of work then resigns, he deserves full indemnity which is one month salary for each year spent at work, according to Article 51 of Labor Law in the private sector, and should not exceed 18 months. How to Calculate Your Indemnity The Right Way! (adsby…

Indemnity for below 3 years of service, Kuwait indemnity less than 3 years employment

Indemnity for below 3 years of service, Kuwait indemnity less than 3 years employment Question : An Employee resigned from a company where he / she has worked for 1 year 11 months 27 days. He / she was getting salary of KD 700 per month. He / She came here one year visa after completion of 1 year visa, renewed for another 1 year; Another renewal due on March 15. I have however resigned; so how much indemnity will get for these 2 years. (adsbygoogle = window.adsbygoogle || []).push({}); Answer: Unfortunately, the employee don't qualify for indemnity because he / she has not put in the minimum three years of service required by the labour law. However if she / he have unused leave days, have to be compensated in monetary terms for that. ======================================================= The worker deserves 15 days indemnity during the first five years, and increases to one month after the first five years. An employee who r…