What does n plus 1 mean?

1. How to calculate n plus 1 compensation

1. The calculation method of n plus 1 compensation is:

(1) N in n+1 compensation It refers to the number of years the employee has worked in the enterprise. In n years, n months of economic compensation must be paid. +1 refers to one month of additional salary;

(2) n+1 means that the employer shall pay according to the The labor contract can be terminated by paying the employee normal economic compensation and an additional month's salary for the employee's working years.

(3) If the employer makes economic layoffs, it will pay economic compensation to the workers. One month's salary will be paid each year according to the working years in the region. If it is more than half a year but less than one year, it will be paid as one year; if it is less than half a year, it will be paid as one year. Paid semi-annually. This is commonly referred to as n+1. In most forms of resignation, the economic compensation under normal circumstances is n, and the compensation for illegal termination of the labor contract is 2n.

2. Legal basis: Article 47 of the "Labor Contract Law of the People's Republic of China"

Calculation of economic compensation Economic compensation is based on the number of workers working in the unit. The employee shall be paid one month's salary for each year of service. If the period is more than six months and less than one year, it will be calculated as one year; if it is less than six months, the economic compensation of half a month's salary will be paid to the worker. If the employee's monthly salary is three times higher than the average monthly salary of employees in the region in the previous year announced by the people's government of the municipality or districted city where the employer is located, the standard of economic compensation paid to the employee shall be three times the average monthly salary of employees. The maximum number of years for which financial compensation will be paid shall not exceed twelve years. The monthly salary mentioned in this article refers to the average salary of the employee in the twelve months before the labor contract is terminated or terminated.

2. The situation where the compensation is N or N+1

1. The employee is not qualified for the job and is still not qualified for the job after transfer or training;

< p>2. The employee is ill and cannot work in the original position after the medical treatment period expires, nor can he take up a new job arranged by the company;

3. The circumstances on which the labor contract was signed have objectively changed and the company Unable to reach an agreement with employees on changes to the performance of the labor contract.

The company conducts economic layoffs due to operating difficulties, production changes, technological innovations, etc. In the third situation above, if the company notifies employees of termination more than one month in advance, it only needs to compensate N, otherwise it will have to compensate N+1=. In the fourth situation, the compensation method is only N, because the law stipulates that dismissal is based on this reason. Employees must follow the procedure of notifying employees one month in advance, otherwise they may be suspected of illegal termination.