Severance Pay Calculator
Calculate your severance pay based on tenure and average salary
Input
Severance Pay
₩20,318,151
Total Tenure (days)
2,253 days
Daily Average Wage
₩109,722
3-Month Salary Total
₩9,000,000
| 3-Month Salary Total | ₩9,000,000 |
| Bonus Addition (3mo/12) | +₩750,000 |
| Leave Addition (days/12) | +₩125,000 |
This calculator is for informational purposes only and should not be considered as financial advice. Actual values may vary.
How to Use
- Select the start date and end date.
- Enter the base salary for each of the last 3 months.
- Enter the bonus for the last 3 months and unused annual leave allowance.
- The severance pay will be calculated automatically.
FAQ
What are the conditions for severance pay?
Workers who have been employed for at least 1 year are eligible. It is calculated as daily average wage x 30 x (tenure days / 365).
How is the daily average wage calculated?
Add the total salary for the last 3 months, plus prorated bonus (annual bonus/12*3) and unused leave allowance, then divide by the total days in those 3 months.