 Hi guys, welcome back to the channel and if it's your first time to come across the channel, consider subscribing by the way, don't forget to hit that notification bell to be the only way that you'll be updated when we upload a new video for the returning subscribers. Thank you so much for coming back to the channel and if it's your first time please give us a thumbs up, put a notification you'll always be the first to be updated. In today's video we are going to look at calculation of gratitude in the UAE under what you call the limited contract. Remember in the UAE there are two different types of contracts, we have what you call the limited and the unlimited contract. But in today's video we are going to look at what you call a limited contract. First of all what you need to know or what you need to understand, what is gratitude and who is entitled to gratitude. First of all when we talk about gratitude, gratitude is just portion of money that your company gives you or that kind of appreciation your company gives you after completing a given period of work or given period of service with that company. It is normally entitled by the government or it is normally a mandate by the government for companies that hire people from outside the country, expertise to give them a token of what you call appreciation. After completing a given service at the end of it all. But remember when we look at gratitude itself we look at contracts which must be something that also to consider or something to put in mind is what you call contracts that which type of contract do you have with that company. It also are very quite very important as you go to determine what your gratitude is going to be. Remember in this video we just going to mainly focus on what you call a limited contract. By the way something that you need to be reminded that when you are signing contracts you must be very careful to actually read whatever is being put in the contract. Because this contract very important is you will give you what exactly how much basic salary you have, what kind of job you have, who is your sponsor and everything provided accommodation or transportation provided in that case. So we look at the limited contract and we say that the limited contract this means that the employees agrees to stay with the company for the set date and the number of years. And that means that you resigning before the end of this period you lose what you call your labor rights. So that's what you call a limited contract. You agree to stay with that company for a given period of time signing the contract. Let's say for example it is 2 years meaning you will stay with that company for 2 years. And when you resigning before those 2 years get off or before you complete the 2 years that means you lose your labor rights. Which labor rights we are talking about you may not be compensated or you may not even be given your gratitude as the government says. In this video what is practical to see how can you calculate the gratitude under what you call a limited contract. Remember the limited contract may be for 3 years or 2 years depending on what you have agreed and what kind of nature of work that you are going to do at that time. So but remember gratitude is calculated based on what you call 21 days of your salary that is what you call gratitude. They normally count 21 days each year 21 days out of each year that you get to complete in that company. And that is where the basic orders where gratitude will be calculated based on that. We are going to look at one example and we are just going to assume that someone basic salary is 10,000 dirhams that is what this person is earning. That his salary is what you call 10,000 dirhams. So this is what we are talking about and say for example we are just assuming that someone's basic salary is 1000 dirhams that is 10,000 dirhams. So let us try to see how can you really calculate the daily per day that if you are getting 10,000 dirhams every month how much are you earning per day. Remember each month we take an example each month has 30 days so you get the basic salary you divide by 30 days of that month. So when you get 10,000 dirhams divide by 30 that means you are going to get 300 33.30 per day. Meaning that a person who is earning 10,000 dirhams per day per per month each day is making 300 33.3 per day. Because when you get to multiply 33.3 per day 30 per day time was 30 you are still going to go back to what you call the 10,000 dirhams. But remember that in this case when we are looking up when we are talking about gratitude in what you call limited contract if you've not completed if less than one year that means you don't not get gratitude. If you've not completed a company with that one year you do not get gratitude. That's what I was telling you that sometimes it happens that you get to lose what you call your labor contracts at that time. And if in a limited contract in that company you have one year to five years of service then you get 21 days of your salary which is your gratitude. 21 days of your salary we are talking about we are talking about this 21 days of what we call the basic salary of what we call 10,080. And in that company if you have five years and more they say five years, 20 years then that means you'll be entitled to what you call 30 days of your salary as your gratitude. So in this example we are going to take we are going to first look at a person who is one to five years of service. For example you've been in that company between one to five years. Let us try to see how much you are earning or how much you are going to earn as your gratitude. And in this case we are going to look at a person who first completes his two years with that company. How much that person gets as his gratitude or what how much that person gets as her gratitude. So in this example we are looking at a person who has been in this company for two years. How much does this person get as his gratitude. Remember when we talk about the daily wage per day we shall get the daily wage per day times the 21 days. Remember we say that if you've been to that company one year and above then you are entitled to what you call 21 days of your basic salary. So meaning that this person remember we say that this person in a day is making or she is making 33.30 per day. That is what is earning every day he goes to work for 30 days. So we get that figure then times the 21 days. That means this person he will be getting 6999.30 dirhams. That is per year. So that means that your company each year give you 6999.30 as a token of what you call gratitude. That is for one year. So to get the total of what you get after two years we shall get the two years which we shall get at 6999.30. Then we multiply by the number of years then we shall get 13998.6 dirhams. Meaning that if this person is to resign or if this person completes his contract after two years he will be getting 13998.6 dirhams as he is a gratitude. Hope that is okay. You get per day then you multiply by the number of 21 days. That is for a person who is between 1 to 5 years. So that is how much you get. Then in example see what does a person get if that person is 5 years and more in that company. We are going to get the same amount which his person is making in a day which is 333.30 per day. That is what the person is earning if your basic salary is 10,000 dirhams. So we multiply by the number of days that is being given of your salary. Remember if you are 5 years and more in Dubai under limited contract you are given 30 days. So meaning that if you get 33.30 dirhams per day time was the 30 days you will be getting 9999 dirhams that is per year. So meaning that if you been in that company for 5 years you will be getting each year this company has to pay you 9999 dirhams. What about for the 5 years? Let's say for example now you have completed 5 years. So you just get the 9999 dirhams times the 5 years. So meaning that when you get to multiply this person he is going to be earning. Oh when this person is resigning after completing the contract for 5 years this person is going to be earning 49,995 dirhams. Hope I have tried to show it, I have tried to share it with you in just a manual way such that you can see how you can calculate it. As you get to resign on the case you get to finish your contract you definitely know where to start from. And you know what to go and you know how much or how to calculate it. Thank you so much for coming back to this channel and thank you so much for subscribing. Thank you so much for supporting. If you feel this video is very useful please give us a thumbs up. Our worries will be more than happy to get back to you. See you again in the next video. It's Meks from the Meks creation.