Under certain circumstances, those who have given notice can receive severance payments. You can calculate this in advance to get an idea of the payout.
- Many dismissed employees receive a severance payment as compensation .
- This can be calculated yourself in order to obtain at least an approximate value.
- Several calculation methods are available.
Termination is a shock to many, especially if it happens suddenly. A severance payment, on the other hand, is considered a type of compensation for the unfortunate circumstances. If you are interested in the amount of the payment in advance, you can at least roughly calculate it. There is a simple formula for this.
When do you get severance pay after termination?
First of all, there is the question of when you will receive severance pay at all *. A legal claim to this does not exist in all cases , but only in isolated situations. According to §1 of the Protection against Dismissal Law (KSCHG), you are usually lucky with a company termination . In addition, the entitlement to a one-off payment is regulated in some employment and collective agreements, writes the counseling portal Arbeitsvertrag.org.
So check beforehand whether your reason for termination justifies a severance payment , because you don't always get it.
Also read : Termination due to illness - In these cases there is a risk of being thrown out.
This is how you can calculate your severance pay
In fact, you can calculate your severance payment * in advance. However, it should be noted here that very different factors play a role in the final calculation of the employer and that there are several calculation methods. With the help of existing formulas, you only get an approximate value , from which you also have to deduct VAT and wage tax, among other things, in order to approach the final amount. Your actual severance payment may be different.
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How to calculate an approximate value:
Experts suggest a simple calculation that will give you at least the rough amount without any deductions. For this you need the amount of your gross monthly salary and the number of years that you have worked in a company . You then get the value of the severance pay as follows:
0.5 x monthly salary (gross) x number of years in the company
The factor 0.5 may increase in 0.25 steps if the age of the dismissed is taken into account. Accordingly, 0.75 is expected for people who are between the ages of 40 and 49 , while employees over 50 use factor 1.
Incidentally, age also plays a role if the calculation of the severance pay is carried out in accordance with Section 10 of the Protection against Unfair Employment Act (KSCHG). The paragraph specifically states: "If the employee has reached the age of fifty and the employment relationship has existed for at least fifteen years, an amount of up to fifteen monthly earnings is paid, if the employee has reached the fifty - fifth year and the employment relationship has existed for at least twenty years, so an amount up to eighteen monthly earnings is to be set . "
Also interesting : embarrassing departure - so you avoid embarrassment when you quit.
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* merkur.de is part of the nationwide Ippen central editorial network.
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