End of Service – Kingdom of Saudi Arabia.
Hi Experts,
Currently I am working SAP HR implementation project of the country Saudi Arabia.
We have below requirement from client for the calculation of End of Service Benefits or Indemnity:
· Formula for calculation of indemnity value if service period is 1 to 5 years:
(Gross Salary X 0.5) X (Number of days in service / 365) = Indemnity Amount X 1/3
·Formula for calculation of indemnity value if service period is 1 to 10 years:
(Gross Salary X 0.5) X (1825 / 365) + (Gross Salary X 1) X (# days in service/365) – (1825/365) = Amount X 2/3
· Formula for calculation of indemnity value if service period is more than 10 years:
For example total year of service is 12 years.
(Gross Salary X 0.5) X (1825 / 365) + (Gross Salary X 1) X ((#Days of service – 1825) / 365) = Indemnity amount
Here gross salary means: Basic Salary + HRA
I want to configure the said requirement through PCR and not by “Z” program
Pls suggest.
Kind Regards,
Hemant Mane
SAP - HCM Consultant