Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Wage protection system comes into force in a week, says MoM  Join our daily free Newsletter

MENAFN - Muscat Daily - 15/05/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Muscat Daily) The system requiring payment of staff salaries in the private sector through bank accounts will come into place from next week.

This was announced on Wednesday at a panel discussion organised by the Oman American Business Council. The Ministry of Manpower's (MoM) Wage Protection System aims to ensure that workers' wages are paid in time. The programme will also help MoM keep an electronic record of salary payments.

''The Wage Protection programme by MoM and Central Bank of Oman (CBO) mandates wage payment in the private sector only through authorised banks and financial institutions and will witness the actual implementation of the programme next week. Various stages of the programme will be implemented according to the commercial grades, starting from the excellent and international class to the fourth grade,'' Salim bin Naseer al Hadhrami, director general of planning and Development at MoM said.

At the panel discussion, Hadhrami said the system will ensure that there is a record of wages paid and that companies pay the agreed-upon salaries timely. ''As per the law, wages must be paid within seven days of the month worked. The system will help us track employers who violate the law in this regard,'' he said.

On whether there was a plan to raise the minimum salaries in the private sector like in the government sector, Hadhrami said, ''Private and government sectors are different and there is no plan to match the salaries for both grades. Private sector is a profit-seeking sector and we cannot compare it with the government. However, we encourage private sector companies to set salary grades internally to stop workers from moving from company to company for better pay,'' he said.

He also talked of MoM's plans on making services electronic.

''We are in the process of making labour clearances and related issues electronic. All hard copies will be eliminated and everything will be done electronically soon. This will help ease the process for both employers and the ministry,'' Hadhrami said.

On Omanisation, Hadhrami said that MoM is working hard to raise the percentage of Omanis in the private sector. ''Omanis constitute 14 per cent of private sector workforce. However, the rise will happen gradual


Muscat Daily

  MENA News Headlines
 Oct 7 2015 - Four Emirati servicemen killed in suicide bombings in YemenThe Arabian Post
(MENAFN - The Arabian Post) The four Emirati soldiers killed in Yemen on Tuesday have been brought home to full ceremony.The General Command of the Armed Forces announced that the soldiers died in ...

 Oct 7 2015 - International aid to Syrians 'utterly inadequate': OxfamJordan News Agency
(MENAFN - Jordan News Agency) Global efforts to help Syrians both inside and outside their war-torn country have proved "utterly inadequate", international aid group Oxfam Wednesday said in a newly ...

 Oct 7 2015 - Israeli forces arrest 40 Palestinians in West BankJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation forces on Wednesday arrested 40 Palestinians from various parts of the occupied West Bank including Jerusalem, according to a statement by the ...

 Oct 7 2015 - Jeddah's hotel revenues report weak results in AugustMENAFN
(MENAFN) Four and five star hotels in Dubai reported weakening performance levels in August, with revenue per available room (RevPAR) declining 10.1 percent to USD147.45 for the month. Due to a ...

 Oct 7 2015 - Jewish settlers storm Al Aqsa MosqueJordan News Agency
(MENAFN - Jordan News Agency) Groups of Jewish settlers continued to storm Al Aqsa Mosque on Wednesday via Bab Al Magharbeh Gate under the protection of Israeli army and police.The Islamic Awqaf ...

 Oct 7 2015 - Canada rejects assaulting Muslim women wearing niqabJordan News Agency
(MENAFN - Jordan News Agency) Canada's Prime Minister Stephen Harper Wednesday stressed that his government rejected the latest attacks on Muslim women in Canada because of wearing the niqab.The ...

 Oct 7 2015 - Two Palestinians injured by Israeli forces in BethlehemJordan News Agency
(MENAFN - Jordan News Agency) A Palestinian young man on Wednesday, was injured during violent clashes with Israeli occupation forces and settlers east of the West Bank city of Bethlehem.The ...

 Oct 7 2015 - MWL Secretary General Meets Sudanese Minister of Guidance and EndowmentsQatar News Agency
(MENAFN - Qatar News Agency) Secretary General of the Muslim World League (MWL) Dr. Abdullah bin Abdulmohsen Al-Turki met here today with Sudan's Minister of Guidance and Endowments, Al-Fatih Taj ...

 Oct 7 2015 - Tunisian President Meets Members of Arab Parliament BureauQatar News Agency
(MENAFN - Qatar News Agency) Tunisian president Beji Caid Essebsi met here today with members of Arab Parliament Bureau, who are visiting Tunisia to take part in the fourth session of the Arab ...

 Oct 7 2015 - Ban Voices 'Profound Alarm' at Growing Number of Deadly Incidents in West BankQatar News Agency
(MENAFN - Qatar News Agency) United Nations Secretary-General Ban Ki-moon voiced "profound alarm" Tuesday at the growing number of deadly incidents in the West Bank, including East Jerusalem. "The ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help