HR and Payroll software for the GCC countries
Each country’s payroll and compliance requirements differ and aptly apply to the workers residing and working in that particular country. The GCC countries or the countries in the MENA region like UAE, Kingdom of Saudi Arabia, Kuwait, Bahrain, Oman, Egypt, Jordan, and Lebanon have their own rules governing the payroll management. These countries boast of a huge number of expatriate workers contributing significantly to the nation’s economy. To protect the interest of the workers, the Ministry of Labor in the UAE and the Central Bank of the UAE have brought live the concept of the Wage Protection System (WPS), an imaginative electronic component. The Wages Protection System (WPS) is an electronic salary transfer system that allows institutions to pay workers’ wages via banks, bureaux de change, and financial institutions approved and authorized to provide the service. If an organization fails to process real-time payment, then the WPS triggers stringent penalties on the stak...