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Does the company have compensation for dismissing employees

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Does the company have compensation for dismissing employees


        

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  • 2024-06-15 15:00:48

    There are compensations for dismissing employees. According to relevant laws and regulations, if the company is dissolved, the labor contract shall be deemed to be terminated, and the employer shall pay the employee one month's salary for every full year according to the number of years the employee has worked in the company. If the employee has worked for more than six months but less than one year, it shall be calculated as one year. If the employee has worked for less than six months, he shall be paid economic compensation of half a month's salary.

    Legal basis

    Article 47 of the Labor Contract Law of the People's Republic of China (2012 Revision) [Calculation of economic compensation] Economic compensation shall be paid to workers according to the number of years they have worked in the unit and the standard of one month's salary for each full year. If it is more than six months but less than one year, it shall be counted as one year; If the period is less than six months, the employee shall be paid economic compensation of half a month's salary.
    If the monthly salary of a worker is three times higher than the average monthly salary of the employees in the previous year published by the people's government of the municipality directly under the Central Government or the city divided into districts where the employer is located, the standard of economic compensation paid to the worker shall be three times the average monthly salary of the employees, and the maximum period of economic compensation paid to the worker shall not exceed 12 years.
    The monthly wage mentioned in this article refers to the average wage of the laborer for the twelve months prior to the dissolution or termination of the labor contract.

    Ann***

    2024-06-15 15:00:48

  • company law Relevant knowledge

  • law

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