How is EOSB calculated in Saudi Arabia?

As per Article 85 of Saudi Labor Law, an employee who resigns after completing 5 years but before 10 years of service is entitled to; 2/3rd of his ESB award. ESB Award: 1/2 salary for 5 years + Full salary for each next year.

How can I get end of service benefits in Saudi Arabia?

– If a women employee resign the job within 6 months of her marriage the she is eligible to get full rewards of End of Service Benefits. – In the same way, If a women resign the job after 3 months of giving a birth to child, then also she is eligible to get full rewards of ESB.

How is salary calculated in Saudi Arabia?

Monthly Basic Salary = SR 3,000. Normal Working Hours = 8 hours/day. Wages per Hour = 3,000 / 30 days / 8 hours = SR 12.5. Overtime per hour = SR 12.5 X 1.5 = SR 18.75.

How is Saudi benefit calculated?

For example; In case if your salary is 10,000 SAR per month & you a have served the organization for 6 years and 2 months, then end of service benefit is calculated as below; First five years = (6 x 10,000)/2 = 30,000 SR. Multiply the benefit by day by remaining days = 27.40 SR x 60 days = 1643.85 SAR.

Can I resign in Saudi Arabia?

An employee can resign due to misconduct of the employer without any notice under Article 81 of Saudi Labor Law. One day notice is required for termination or resignation during the probation period as per Article 53 of Saudi Labor Law.

What is the notice period in Saudi Arabia?

60 days
For termination of an employee in Saudi Arabia, 60 days notice is required on open ended contracts (with an indefinite term and paid monthly). For fixed term contracts, the notice period is 30 days. So, the simple expiration of a fixed term contract will not be enough to fulfill the termination and notice rules.

How can I quit my job in Saudi Arabia?

In order to resign or terminate a fixed-term contract, the employee or employer has to issue a notice period as mentioned in the contract or one month notice if it is not mentioned in the contract. The contract with a Non-Saudi employee will always be a fixed-term contract under Saudi Labor Law.

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How is EOSB calculated in Saudi Arabia? As per Article 85 of Saudi Labor Law, an employee who resigns after completing 5 years but before 10 years of service is entitled to; 2/3rd of his ESB award. ESB Award: 1/2 salary for 5 years + Full salary for each next year. How can I get…