Optimizing Workforce Strategy with End of Service Benefits and Actuarial Valuation

In today’s competitive employment landscape, companies are constantly seeking strategies to retain top talent while ensuring financial stability. One critical but often overlooked aspect of employee retention is the End of Service Benefit (EOSB) . Coupled with Actuarial Valuation , it becomes a powerful tool not only for fulfilling legal obligations but also for effective workforce planning and financial forecasting. In this blog, we explore the role of End of Service Benefits in employee retention, the importance of actuarial valuation in managing these liabilities, and how expert guidance from firms like Mithras Consultants can help businesses make smarter, data-driven decisions. Understanding End of Service Benefit (EOSB) An End of Service Benefit is a financial payout an employee receives upon the termination of their service, typically found in Gulf countries and increasingly implemented across various global organizations. It serves as a form of gratitude ...