What is the ESB Calculation formula? RP-20281

ESB  

ESB calculation is based on the ESB Factor and ESB Period settings defined against each separation type's under ESB Settings

Normal Calculation for some of the Separation types are:

For e.g.  Calculation for Termination and Contract End separation type's are:

  • less than 5  years work in company = (Total salary x no. of working years x 1/2 ).
  • More than 5 years work in company = (Total salary x 5 years x 1/2 ) + (Total salary x No. of remaining years).

For e.g. Calculation for Resign separation type is:

  • Less than 2 years work in company =0.
  • 2-5 years work in company = (Total salary x no. of working years x 1/6 ).
  • 5-10 years work in company - first 5 years = (Total salary x 5 x 1/3 ) + (Total salary x No. of remaining years).
 
 
 

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