- Q.
- I’m currently employed by a leading organization as a sales manager.
Yes, it is necessary to obtain this certificate if you want to return to work for somebody else so quickly after your final exit. If your employer declines the request for the certificate you can try to bargain with him. For example, you can point out to him that he would not have to pay for your return flight home if he releases you to work for somebody else, or you can offer to give up compensation for unclaimed paid leave and/or all or part of your end-of-service benefit. There is a good chance he would agree to that.
Before I answer your question, let me point out that “indemnity” is the wrong word; what you expect is a reward for your service, not compensation for a loss. Semantics aside, what you want to know is what you can expect for your end-of-service benefit, or ESB. I can’t give you a specific answer without knowing what you received as your last monthly salary, which includes any extras like housing allowance. This is called your last monthly wage, or LMW.
Once you have that sum, here’s how you calculate it: you get half of your LMW for each of the first five years of service. You get a full LMW for each completed year after that, in your case two full years. For the remaining 11 months you need to figure out your annual salary — your LMW multiplied by 12 months then divided by 365.25 to get your daily wage, then multiply that daily wage by the number of days you worked in that eighth incomplete year.
Don’t forget any unpaid vacation leave that you didn’t claim. You are eligible for at least (depending on your contract) 21 days of paid leave per year for the first five years and 30 days per year for every year after that. Any of these unclaimed days are also added to your ESB.
This kind of problem happens to everybody. STC certainly needs improvement. We can only have patience, until STC stops the anguish it is causing.
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