The notice period needs to be given by the party that’s terminating the contract and it depends on the employee’s period of service.

For employees who receive their wages monthly:

• Five years or less: One month notice

• More than five years: Two months’ notice

For employees who receive their wages hourly, daily or weekly

• Less than one year: One week notice

• More than one year but less than five: two weeks’ notice

• More than five years: One month notice

Failing to give the appropriate notice means that the party terminating the contract will have to pay compensation to the other party. The compensation should be an amount equivalent to the wage of the notice period or what’s remaining of it.