Hello Experts,
I have a scenario wherein employee gets end of service benefit based for his/her service served in a company. EOS is provided to employees who are separated from the company, if employee still continuing the service EOS will be stored in EOS provision.
If employee having less than 1yr service are not eligible for EOS.
If employee having more than 1 and less than 5 years will be benefited with one month last drawn basic salary for each year
If employee having more than 5 and less than 10years will be benefited with each 1.5 months last drawn basic salary for each year
If employee having more than 10 will be benefited with 2 months last drawn basic salary for each year
Please help me how I can write a PCR rule for the above scenario.
Example: If employee is having 6.7yrs then system should calculate as below. Assuming his basic salary is 15000/-
Total 6.7yrs = 5yrs + 1.7yrs
5yrs = (Basic Salary) 15000 * 5 (Years of service) = 75000
1.7yrs= (15000*1.5) * 1.7 = 22500*1.7=38250
Total 6.7yrs = 75000+38250
Total 6.7yrs = 113250
Let me know if you required any information.
Thank you in advance.
Regards
S. Kumar