Wages Protection System (WPS)
UAE mechanism ensuring timely salary transfer via banks or exchanges.
Detailed Description
Wages Protection System (WPS)
What does the Wages Protection System aim to prevent?
The WPS aims to prevent wage theft and ensure employees receive their rightful earnings.
How does the WPS enhance accountability?
By requiring employers to use formal banking channels for wage payments, the WPS creates a clear transaction record.
What are some benefits of the WPS for employers?
Benefits for employers include improved transparency, compliance with labor regulations, and potentially better employee morale.
What are the key features of the WPS?
Key features include electronic payment systems, real-time monitoring, reporting mechanisms, and employee registration.
What can happen if employers fail to comply with the WPS requirements?
Non-compliance can result in penalties, including fines and legal action against the employers.