Severance pay calculator
With the severance pay calculator, you can easily calculate the severance pay amount based on the employee's length of service and gross salary. You can perform calculations in line with the latest severance pay cap.
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Important
This tool is for information only and produces approximate results based on generally accepted calculation logic. It does not replace professional assessment of a specific case; the final calculation should be made by an authorised professional.
What is Severance Pay?
Severance pay is a compensation paid to an employee whose employment contract is terminated for specific reasons after working for a certain period under the same employer. In Turkey, employees are entitled to severance pay if they have worked for at least 1 year at the workplace. Thanks to the severance pay calculator, the accrued severance pay amount can be easily calculated based on employment duration and salary details.
How is Severance Pay Calculated?
When calculating severance pay, the employee's total tenure at the workplace and their final gross salary are taken into account. According to the general calculation logic, the employee earns severance pay in the amount of 30 days' gross wage for each full year of employment.
The basic calculation logic is as follows:
The employee's total tenure is determined
The final gross wage is taken as the basis
A 30-day gross wage is calculated for each year of employment
The severance pay calculator quickly shows the total severance pay based on tenure and salary information.
When Are You Eligible for Severance Pay? Calculation Example
For employees to qualify for severance pay, the employment contract must be terminated for specific reasons. The most common scenarios are:
Termination of employment by the employer
Resignation due to military service (for male employees)
Resignation due to marriage (for female employees)
Retirement or meeting the retirement criteria
In these cases, employees may be entitled to severance pay if they meet the required conditions.