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Wages Protection System (WPS)

From EverybodyWiki Bios & Wiki

The Wages Protection System also widely known as WPS was first enacted by the UAE. It is an electronic salary transfer system through which all private companies and institutions within the UAE, must pay workers (their wages) via banks and financial institutions that are approved and authorized by the Ministry of Labour. It's a technique that was developed by the Central Bank of the United Arab Emirates (UAE) in a manner to allow the Ministry to have a database on the procedure of private companies paying wages to their workers on a timely basis or not. Ministerial Resolution 788 (2009, 788) states that workers' wages are to be transferred through the Wage Protection System according to the timeframes set out in the law. To apply for WPS, the law requires that the company be registered with the Ministry of Labour.

This system allows transparency in salary payment structure of the workers including foreign workers, and thus addresses the issue of non or delay in salary payments. [1]


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