Korean Job Discussion Forums

forgesteel · Joined: 30 Aug 2005 Location: Earth

I have a question about severance pay. Is this pro-rated?

I signed a contract for a year. Finished the year. Employer asked me to stay on another six months. My six months is close to an end. Since I put 18 months of service in, does this mean I get *one and a half months'* severance (by pro-rated method of coming to a sum)? Or just one months' severance for the one full year (not pro-rated)?

Thanks in advance.

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

Tobias · Joined: 02 Jun 2008

That's true. The employer is legally obligated to provide you with only one month's severance after a year of service.

Is your employer interested in signing you for ANOTHER six-month go-round? If so, you need to make sure you'll get another severance jack if you finish the next half-year contract. I don't know if two six-month completions are considered the same as one single-year completion. I assume 'yes', but you never know. You'd be smart to find out.