Calculators
Severance Pay Calculator
One month’s pay for each year worked, prorated for partial years, using your chosen method. Accounts for changes in working hours, hourly employees, excluded days and the fund balance. Calculated in code, with the formula included.
What the Tool Will Ask You
- How is the employee paid?
- What was the employee’s final pay? Monthly employees: the salary in shekels. Hourly employees: the hourly rate and the average monthly hours over the whole period.
- When did employment start?
- What was the last day of work?
- How should partial years be calculated?
- Did the employee’s working hours change? (Optional)
- Are there any days to exclude from the calculation? (Optional)
- How much money is in the severance fund? (Optional)
This tool is available in brainsto law, with a free trial month. It works within the legal chat, alongside case law research and case documents.
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