1, it is necessary to determine the actual working hours and monthly salary of employees;
2. Employees can get one month's salary for each full year of working time;
3, work for more than six months and less than one year, according to one year;
4. Those who have worked for less than six months can get economic compensation for half a month's salary from the company.
Company bankruptcy liquidation procedures:
1. Establish a liquidation group.
The people's court shall set up a liquidation group to take over the bankrupt enterprise within 15 days from the date of declaring the enterprise bankrupt. The liquidation group consists of shareholders, relevant departments and professionals.
2. The liquidation group takes over the bankrupt company.
After the people's court declares the enterprise bankrupt, the liquidation group takes over the bankrupt enterprise, is responsible for managing, clearing, valuing, disposing and distributing the property of the bankrupt enterprise, participates in civil activities on behalf of the bankrupt enterprise, and is responsible for the actions of the people's court and reports its work;
3. Distribution of bankruptcy property.
When distributing the bankrupt property, the liquidation group shall put forward a distribution plan, which shall be discussed and approved by the creditors' meeting and implemented by the liquidation group after being approved by the people's court. The liquidation group shall distribute the liquidation expenses before distributing the bankruptcy property;
4. The liquidation is over.
After the liquidation and distribution of bankrupt property is completed, the liquidation group shall report the liquidation and distribution to the people's court and apply to the people's court for a ruling to end bankruptcy. Outstanding creditor's rights shall not be paid off;
5. Cancel the registration.
When the enterprise goes bankrupt and the distribution of bankrupt property is completed, and the enterprise as a legal person terminates its capacity for civil conduct according to law, the liquidation group shall apply to the original bankrupt company registration authority for cancellation of the original company registration.
To sum up, according to the provisions of the Labor Law, employees should be compensated for the termination of the contract according to regulations. The standard is: one month's compensation for working for one year and ten months' compensation for working for ten years.
Legal basis:
Article 47 of People's Republic of China (PRC) Labor Contract Law
The monthly salary of economic compensation is calculated according to the employee's due salary, including hourly wage or piece-rate wage and monetary income such as bonuses, allowances and subsidies. If the average wage of a worker in the twelve months before the dissolution or termination of the labor contract is lower than the local minimum wage standard, it shall be calculated according to the local minimum wage standard. If the laborer has worked for less than twelve months, the average wage shall be calculated according to the number of months actually worked.