End of Service Gratuity (EOSB) and employee exit settlement

Process employee departures with accurate statutory calculations. 1. Exit Workflow: When an employee resigns or their contract ends, open their profile and initiate 'Final Settlement'. 2. EOSB Gratuity Calculation: The system automatically calculates severance pay based on total years of service, contract type (Limited or Unlimited), departure reason, and local labor law provisions. 3. Accrued Leave Payout: Unused annual leave days are converted to monetary compensation based on basic salary. 4. Deductions & Loans: Outstanding employee loans, advances, or company asset liabilities are automatically deducted from the final amount. 5. Clearance Certificate: Generate the formal Employee Clearance Document and post the settlement payment voucher.