Notice Pay Calculation
The notice pay calculator has been designed to estimate the amount of notice pay that may arise when an employment contract is terminated without observing the required notice period. Notice pay may become payable when either an employee or an employer terminates the contract without complying with the statutory notice periods.
Notice pay is intended to compensate for the disadvantage caused by the sudden termination of an employment contract. The employee’s length of service, gross wage and applicable statutory notice period are taken into account in the calculation.
What Is Notice Pay?
Notice pay is compensation that must be paid when either party terminates an indefinite-term employment contract without observing the required notice period. Depending on the circumstances, it may be payable not only by the employer but also by the employee.
What Information Is Used to Calculate Notice Pay?
- Employment start date
- Employment termination date
- Total length of service
- Gross wage
- Whether notice of termination was given
- Whether the applicable notice period was observed
Notice pay is calculated according to the notice period determined by the employee’s length of service. Therefore, both the employee’s wage and total period of employment are important.
Is Notice Pay Payable in Every Case?
Notice pay does not automatically arise in every case of termination. Circumstances such as immediate termination for just cause, a probationary period, a fixed-term employment contract or proper compliance with the notice procedure must be assessed separately. The calculation result therefore provides preliminary information only.
When notice pay, severance pay and other employment-related receivables are assessed together, obtaining legal assistance is important to avoid a loss of rights. For a detailed review, you can contact Attorney Selin Önem Konur through our contact page.
