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End of Service Benefits in Saudi means that any employee or worker who is working in Kingdom of Saudi Arabia (KSA) get some cash after ending their service and will be entitled for End of Service benefits as per Saudi Labor Law. If an employee is working for a company and when he resigns or gets terminated he will get his full and final settlement from his Company which is known as End of service benefits.
End of Service benefits in Saudiaccording to Saudi Labor law is if the company gives a final exit or terminates and employee contract then as per Saudi Labor Law you’re entitled to get half of your monthly for first 5 year and 1 month salary for following years:
Note: For End of Service (EOS) Entitlement Employee must work for 2 years minimum if any one resign before two years and serve one month notice so he will only get his entitled leaves and salary NO EOS.
End of Service (EOS) benefits all depends on the time period an employee works in a company and based on that he will be awarded cash benefits towards ending his services from the company.
End of Service Benefits in Saudi
Employees leave the company in two situations, either they will resign or will get terminated from the company. EOS benefits will applicable in both the sitaution as follows:
In Case of Resignation:
If an employee resigns in less than 2 years of work then he will not be entitled for End of Service (EOS) benefits.
To get these benefits he should have to complete minimum 2 years of employment.
If an employees stays and works in the company for more than 2 years and less than 5 years. He will be entitles to
get 1/3rd of his EOS benefits. EOS Benefits will be half of his Salary in this case.
If an Employee complete 5 years in a company then he will be entitled to get 2/3rd of his End of Service Benefits
along with Full Salary %
If an Employee complete his 1o years of service and then resigns, he will be entitled for Full End of Service
Benefits Awards with % of Full Salary
In Case of Termination:
If an Employee gets terminated by his employer or company before 5 years of his service then he will be entitles for Half Salary
If an Employee get termianted after completion of 5 years, then he will be entitled for Full Salary