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When to calculate the indemnity. Are we calculating the monthly commission within?

Payroll
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Question added by Mohamed Talaat , HR Manager , Al-Qurain Automotive Trading Company
Date Posted: 2016/07/27
Upvote (0) Views (15) Followers (6) Answers (5) Report Question
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Omar Ahmad
by Omar Ahmad , Finance Manager (Kuwait) , xtream techonology

indemnity should calculated on total salary eaned including all benefit on average salary for the last 12 month 

Anandh Chakkravarthy
by Anandh Chakkravarthy , HR Generalist , Al Muzaini Exchange Company

Indemnity should be calculated till the last day of his/her notice period if it is resignation which includes other fixed benefits ,If any ? 

Hani Al-Nabulsi
by Hani Al-Nabulsi , Accountant , Beidoun Trading Co.

to get total salary for indemnity we inculde the average commissions was paid for last 12 months.

average commission + monthly salary = salary for indemnity.

MUHAMMED ANSARI
by MUHAMMED ANSARI , Senior Accountant , Al kazemi Group

Basic pay,commission, incentives, obligatory bonuses, gratuities from third parties and employee,will be used to calculate the terminal compensation or indemnity

Parvez Nayeem
by Parvez Nayeem , SAP HCM Payroll supervisor-Key User Successfactor ECP-EC-Certified , AIMS Holding

The indemnity is paid after the waiting period set out in the policy.   Some policies make no provision for a waiting period as regards some causes of loss. In this case, the insurer pays the indemnity immediately (in practice within 30 days).

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