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five2two

1 members | TEAM | South Africa

End of service benefits Saudi and IAS 19

09/08/2018

The end of service benefits Saudi considers various kinds of aspects like- if any employee work in the company less than 2 years than the end of service benefits are not serve to them. In fact, completing two or more year’s person/employee will be awarded by the end of service benefits. The end of service benefits Saudi referred as the last month of salary of the employee while working with the same company as well. The end of service benefits saudi is depending upon the male and female worker as if in any case female is given a birth to a baby and she wants to resign the company after three months then she will get the entire end of benefits awards by the company. And the same if a girl gets married and wants to resign the company after six months of her marriage then also she gets the allover end of service benefits by the company as well. In Saudi, end of service benefits are distributed and different in some ways such as- 

·        The end of service benefits are different on the basis of resignation level

·        The end of service awards is different on the basis of Termination of employee contact.

So, as per the Saudi Arabia norms, rules & regulation we provide better and effective ends of benefits to the employee. IAS19 stand for the International accounting standard19 which is identifying by the International financial reporting standards. We offer IAS19 benefits to the employee with the rules and regulations set by IFRS which includes last wages, salaries, life insurance policy, and pensions and other facilities and awards.

For more info visit here: Actuarial Valuation

We provide IAS19 service benefits and awards which are divided into the categories like short term benefits awards, long term benefits and awards, post-employment awards, and termination benefits and awards. In fact, we offer high grade quality service within the less time and very reasonable. We make sure you will never regret and satisfy with our services.

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