Is it possible that the severance pay calculation results

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However, this amount must be subtracted from the deductions corresponding to personal income tax and social security contributions.

These deductions will vary depending on each person and their unique circumstances. If we assume an amount of €400, then the employee's severance pay will be as follows:

Final settlement = €3,891.33 - €400 = €3,491.33

This is a general case to illustrate how severance pay is calculated. Overtime pay or compensation, if applicable, must also be included here.

How much severance pay will I receive depending on the type of dismissal?
Calculating a severance payment is a fairly simple process, as the procedure is repeated regardless of the type of dismissal or whether the employment relationship ends at will. The only thing that changes is the calculation of the compensation if we are talking about an objective or unfair dismissal.

In the first case, you are entitled to receive 20 days for each year worked, while in the case of unfair dismissal the count increases to 33 days. If the dismissal is disciplinary, then you are not entitled to compensation, but you are entitled to receive a severance pay.
in a negative or zero amount?
In principle, a negative termination should not occur, since this would mean that the employee has a debt with the company, which could only occur if the person requested an advance before ending the employment relationship.

Now, this is not a very common situation, but if it were to arise, the law establishes that the termination of contract is considered null and void.

How to know if the calculation of a severance payment is correct
It is extremely important to review the severance pay calculation before signing any document. This way, you can make sure that you will receive the correct amount of money based on your last paycheck.

In this sense, we recommend that you pay attention to the following factors:

Make sure that all the concepts mentioned are included: pending salary, unused vacations, extra payments, etc.
Check that the correct calculation base is used, that is, that it is based on your last payroll .
Manually confirm all calculations so that any mathematical errors are avoided.
Compare the severance pay you received with what is established in the collective agreement and in current labor legislation.
If you detect an error in your severance pay, you have the right to list of austria cell phone number make a formal complaint to the company. This must be done in writing and the errors found must be detailed and their correction requested.

If you do not receive a response, you also have the right to inform the labor authorities and even file a lawsuit in the most serious cases. For this, we recommend that you have legal help or advice.

When should the severance pay be paid?
Spanish law does not set a specific time for companies to pay the severance payment. Some companies set the relevant deadlines in their collective agreements.

There are some common practices, as the document and the money are usually delivered on the last day of the employment relationship in the case of voluntary termination of contract. If it is a dismissal, the settlement is usually delivered together with the dismissal letter.

It is worth noting that it is possible to make formal claims to labour institutions or unions if you do not receive the severance pay after a maximum period of 12 months. This is the legal period that the worker has to make the claim administratively and judicially.