Severance Pay Calculator
financeCalculate statutory retirement severance pay based on tenure days and 3-month average wages.
Severance Pay Statutory Rules & Eligibility
Under South Korean labor regulations, employees who have worked continuously for at least one full year (365 days) with 15+ weekly hours are legally entitled to statutory retirement severance pay.
The statutory formula is: Severance = Average Daily Wage × 30 days × (Tenure Days / 365), with annual bonuses and accrued leave apportioned at a 3/12 ratio.
How to Use & Features
The Severance Pay Calculator computes output instantly as you type with zero reload. All conversions and calculations strictly adhere to international standards.
- Input your value into the designated input field.
- Select your source and target units from the dropdown menus.
- Click the copy button beside the result to copy to your clipboard.
Calculation Principle & Formula
This tool utilizes precision floating-point arithmetic with normalization via standard reference bases to avoid rounding discrepancies.
Frequently Asked Questions
Q. Are the calculation results reliable?
Yes, calculations are rigorously verified against international measurement standards and engineering equations.
Q. Does this work smoothly on mobile devices?
Yes, CalcZen is fully responsive and tailored for smartphones, tablets, and desktop computers.