Calculate severance pay entitlement by country and years of service. UK: 1.5 weeks/year over 41; US: no legal requirement, company policy; Canada: 1 week/year under Employment Standards.
The Severance Pay Calculator by Country & Years of Service works by applying a well-defined formula to the values you enter. Understanding the formula behind the calculation helps you interpret the result and check that your inputs are correct. Below we break down the key components that drive the Severance Pay.
The core formula used by this calculator is:
Result = f(inputs, settings)
Each variable in the formula has a specific meaning: