The standard of economic compensation for the termination of labor contract in Zhejiang Province is as follows:

1. The economic compensation is paid to the employee according to the number of years he has worked in this unit and the standard of paying one month's salary every year;

2. If it is more than six months but less than one year, it will be counted as one year; Less than six months, pay economic compensation for half a month's salary to the workers;

3. If the monthly salary of the employee is three times higher than the average monthly salary of the employees in the local area published by the municipal people's government of the municipality directly under the Central Government or the city divided into districts where the employer is located, the standard for paying economic compensation to the employee shall be three times the average monthly salary, and the maximum period for paying economic compensation to the employee shall not exceed twelve years;

4. The monthly salary refers to the average salary of workers in the twelve months before the dissolution or termination of the labor contract.

The employer does not need to pay economic compensation to the employee as follows:

1. If the employee is proved not to meet the employment conditions during the probation period, the employer terminates the labor contract;

2. The employee seriously violates the rules and regulations of the employer, and the employer terminates the labor contract;

3, serious dereliction of duty, graft, causing great damage to the employer;

4. The laborer establishes labor relations with other employers at the same time, which has a serious impact on the completion of the work tasks of the unit, or refuses to correct after being put forward by the employer;

5. Those who have been investigated for criminal responsibility according to law.

legal basis: article 87 of the labor contract law of the people's Republic of China

if the employer dissolves or terminates the labor contract in violation of the provisions of this law, it shall pay compensation to the laborer at twice the economic compensation standard stipulated in article 47 of this law.