Distinguish between severance pay and job loss pay

Pursuant to the 2019 Labor Code, when quitting work, employees can receive the following 5 amounts of money: Wages for unpaid working days (according to Article 48); salary for remaining vacation days (according to Clause 3, Article 113); severance pay (according to Article 46); unemployment benefits (according to Article 47); unemployment benefits (according to Article 49).

In the above 5 sums of money, employees often confuse job loss benefits and severance pay . These are two different amounts of money in terms of eligibility and employees can only receive one of these two benefits when quitting their job.

Severance pay and redundancy pay are similar in that they Both are benefits paid by the employer to employees who have worked regularly for 12 months or more upon termination of the labor contract.

Loss benefits Employment and severance pay are the same in that the working time used to calculate benefits is the total time the employee has actually worked for the employer minus the time the employee has participated in unemployment insurance and working time has been paid by the employer, severance pay, unemployment allowance .

The monthly salary used as a basis for calculating benefits is the same as the average salary of the 6 consecutive months according to the labor contract before the employee quits his job.

However, these two benefits are different in the following basic points: