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what period of time does an employer use to calulate the average pay when preparing to pay serverence compensation. Or, 26 weeks, 52 weeks, of some other varialbe?
thank you

Submitted: 93 days and 17 hours ago.

Category: Employment Law

Value: $58

Status: CLOSED

State/Country relating to Question: New York

Already Tried:
do not understand this question.
need answer very queikly due to small claims hearing with terminated EE early PM.

Accepted Answer

How to Calculate Severance Pay:
Here is an example from one employer. The law does not dictate how an employer does this. It is their internal policy that should outline how this is calculated. But this example is a common one I saw while researching this issue.

Multiply the number of weeks of severance pay due employee times 40 hours = Total hours
Divide the current monthly rate and divide it by 174 = Hourly Rate
Multiply the total hours times the hourly rate = Severance Pay due employee.

Example:
16 weeks of severance pay times 40 hours = 640 total hours
Current monthly $3,479 salary divided by 174 = $19.99 Hourly Rate
640 hours times $19.99 = $12793.60 severance pay due employee.

Accepts:
Expert:	Shelley
Pos. Feedback:	98.6 %
Answered:	8/20/2009

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Question

what period of time does an employer use to calulate the average pay when preparing to pay serverence compensation. Or, 26 weeks, 52 weeks, of some other varialbe?
thank you

Optional Information

State/Country relating to Question: New York

Already Tried:
do not understand this question.
need answer very queikly due to small claims hearing with terminated EE early PM.

Accepted Answer

Employment Law

Have your own Employment Law question?

Related Employment Law Topics:

Question

what period of time does an employer use to calulate the average pay when preparing to pay serverence compensation. Or, 26 weeks, 52 weeks, of some other varialbe? thank you

Optional Information

State/Country relating to Question: New York Already Tried: do not understand this question. need answer very queikly due to small claims hearing with terminated EE early PM.

Accepted Answer

Related Employment Law Questions

what period of time does an employer use to calulate the average pay when preparing to pay serverence compensation. Or, 26 weeks, 52 weeks, of some other varialbe?
thank you

State/Country relating to Question: New York

Already Tried:
do not understand this question.
need answer very queikly due to small claims hearing with terminated EE early PM.