Redundancy payment

Compensation is a labor right of all workers that refers to the money that the employee receives from their employer when they decide they no longer need their services.

To calculate compensation, the following formula must be followed:

Severance pay = number of days (depending on the type of dismissal/termination) x daily salary x years worked.

A worker's compensation will depend on:

The worker's salary: the total amount of gross annual salary received.
Labor seniority: the higher the seniority, the greater the compensation.
The type of dismissal: dismissal for objective reasons or unfair dismissal. A not unfair disciplinary dismissal does not have the right to compensation.

https://www.conceptosjuridicos.com/indemnizacion-por-despido/
https://www.poderjudicial.es/cgpj/es/Servicios/Utilidades/Calculo-de-indemnizaciones-por-extincion-de-contrato-de-trabajo/

We also talk about it in our blog:

Why do employees leave the company?

The real reasons for employee turnover are like those questions we don't want to know the answer to. Perhaps because, if we do, we should face our own mistakes. But isn't that what mistakes are for? We can learn and we must act accordingly, if we want to work in a company where people really like to be.

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