(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