Length of Service Calculation:
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Length of Service (LOS) calculation determines the total years an employee has worked for a company or organization. In the Philippines, this is particularly important for calculating benefits, retirement packages, and other employment-related entitlements.
The calculator uses a simple formula:
Where:
Explanation: The calculation directly converts the input years worked into the length of service measurement.
Details: Accurate length of service calculation is crucial for determining employee benefits, retirement eligibility, vacation entitlements, and separation pay in accordance with Philippine labor laws.
Tips: Enter the total years worked. The value must be a positive number representing the complete years of service.
Q1: How is length of service calculated for partial years?
A: Partial years are typically converted to decimal format (e.g., 6 months = 0.5 years) for calculation purposes.
Q2: Does length of service include probationary periods?
A: Yes, probationary periods are generally included in the total length of service calculation under Philippine labor law.
Q3: How does length of service affect retirement benefits?
A: Longer service periods typically result in higher retirement benefits, as most formulas consider both years of service and final salary.
Q4: Are there different calculations for government vs private employees?
A: Yes, government employees under GSIS and private sector employees under SSS may have different benefit calculations based on length of service.
Q5: How is length of service documented?
A: Service length is typically documented through employment contracts, company records, and government contributions (SSS/GSIS/Pag-IBIG).