What is Gratuity in salary
Gratuity in salary refers to a lump sum amount paid by the employer to the employee as a token of appreciation for services they have provided towards the company. The eligibility for gratuity has to do with terms of the contract and months or years worked.
How much is Gratuity in Zambia?Termination of a fixed contract offers gratuity at the rate of not less than 25% percent of the basic amount multiplied by the years. Basic pay earned throughout the contract period untill effective date of contract termination is whats amounted to how much gratuity the employee receives.