What is Severance Pay? Employers Guide to Severance Packages

severance pay  In the Case that Severance Pay Is Obtained As a Result of Being Laid Off or Dismissed: The first 300,000 baht of severance pay is Severance pay is compensation given to an employee who is laid off, whose job has been eliminated, or who has otherwise parted ways with a company

Under the Fair Work Act, permanent employees are entitled to redundancy pay when their job is made redundant (their Severance Pay: Not the Same as Termination Pay Oftentimes, a “termination package” will use the terms “notice”

How is severance pay calculated? · The one week's severance pay per completed year of continuous service is the minimum amount the employer must pay by law  In private school, severance pay of both Thai and foreign teacher in Thailand is governed by the Regulation of Ministry of Education on Labor Protection of