End of service benefits is a reward given to those employees who have been working in a company for 2 years in Saudi Arabia. The ESB reward is given to employees who resigned from their job within 2 years of their services.
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End of Service Benefits In Saudi Arabia – ESB Calculator
As Per Saudi Labor Law, those who have not completed 2 years of service in a company are not eligible to collect this benefit from the Saudi government.
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The End of service benefit is calculated at a time when you are resigning or terminated from the company. Keep in mind the entitlement and benefits are different in both scenarios. If you are being terminated from the company or resigning from it, the value of ECB awards differs.
End of Service Benefit After Resignation From Company
According to Saudi labor law, the end-of-service benefit ESB reward is calculated on the basis of years an employee spends on the company before resignation.
Those employees who have resigned from their companies before completing 2 years of service in the company are not eligible to collect any reward like ESB, Entitlement, and Percentage of Service.
Employees who resigned from their jobs after completing their 2 years of service but service is less than 5 years than that employee will get ⅓ end of service benefit, with half salary as a percentage of the reward.
If an employee resigned from a company after completing 5 years in service but resigned before completing 10 years of service will receive ⅔ as an ESB reward and full salary as an award of a percentage of service.
The employees who completed their 10 years of service and resigned from a job or being terminated by an employer will receive the full amount of end of service benefit with full salary as a percentage of service award.
End of Service Benefit After Terminated From Company
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If the employer terminates its employee before completing his 5 years of service in a company then the employee receives half salary as end-of-service benefits.
The employees who are terminated after five years of their services will receive half the ESB reward for their five years of service and after five years full salary will be calculated as a reward.
ESB For Women Employees
Women employees who resign from their jobs within the 6 months of their marriage are eligible to get full rewards of end of service benefits. Also, those women’s employees who gave birth to a child and after birth within 3 months if they resign from their job can get full ESB rewards.
How to Calculate End of Service Benefits In KSA
Expatriates who are resigning from their jobs or being terminated from the employers can calculate their End of Service Benefits ESB from Saudi Government Website of Labor Education online.
Method to Calculate End of Service Benefits From Labor Ministry ESB Calculator
- Open the Saudi Labor Ministry ESB Calculator.
- Select the type of contract you are working on.
- Now select the reason of End of Service. (Please select wisely from the drop-down menu)
- Enter the amount of your current salary.
- Provide your duration of service years, months and days you work with your employer.
- Click on ” = “ to calculate your ESB services. Press ” C “ to reset ESB Calculator.
Conclusion:
Expats Employees working in Saudi Arabia can get a reward in form of ESB award. Only the employees who work minimum continuously for 2 years with an employer is able to get this reward. The ESB award is one of the best gift from Saudi Labor Ministry to the employees working in Kingdom of Saudi Arabia.
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