Severance Pay Calculator

When to use?

Use it to estimate your severance before leaving, or to roughly check the amount when changing jobs.

How to use

• Enter total wages for the last three months.
• Enter your hire and leaving dates.
• The average wage and estimated severance are calculated.

Input Explanation

Enter your hire and leaving dates, and total pre-tax pay for the three months before leaving.

Calculation Basis

Severance = average daily wage × 30 days × (days of service ÷ 365). Average wage = total of last 3 months ÷ number of days in those months.

Usage Examples

• Check estimated severance - Estimate severance from average wage and length of service.
• Review before a job move - Gauge the severance you would receive on leaving.
• Plan finances - Estimate severance to factor into post-employment planning.

Examples

• Salary 3,000,000, 3 years → average ~98,361/day, severance ~9,000,000
• Salary 2,500,000, 5 years → severance ~12,500,000 (roughly salary × years)

Cautions

• Whether allowances and bonuses are included affects the average wage — confirm with company rules and current standards.
• This is a simple estimate from your inputs and a general formula; verify officially before any real or commercial use.

Guides

Simple severance formula

It finds the daily average wage from the last three months, then multiplies 30 days of average wage by the years-of-service ratio for estimated severance.

Care with the average wage

Bonuses, allowances, leaves, and work type can change the average-wage calculation, so confirm the actual amount with the company and current standards.

FAQ

Is this the exact statutory severance?

It is a simple estimate. Confirm the actual amount with company rules and current standards.

How is severance calculated?

The base formula is daily average wage × 30 days × (days of service ÷ 365).

What does average wage include?

It is based on total wages over the three months before leaving; some bonuses and leave allowances may be reflected.

Is there severance for under one year?

Statutory severance is based on one or more years of service. Under one year may not qualify.

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