In case you are fired, is severance pay based on a month's usual salary or just the basic component? - The Economic Times
By A Mystery Man Writer
When an employee is fired from a job, an employer usually pays the compensation amount. This is typically known as severance pay. The question arises how much severance pay is usually paid by the employer when an employee is fired. Is it equivalent to monthly salary including allowances or basic pay of the monthly salary?
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