Wages Protection System (WPS) in UAE
Wages Protection System (WPS) in UAE What is UAE Wage Protection? Wages Protection System ( WPS ) is an electronic salary transfer system that allows companies/institutions to pay workers wages via banks, bureaux de change, and financial institutions approved and authorized to provide the service. The system, developed by the Central Bank of the UAE, allows the Ministry of Labor to create a database that records wage payments in the private sector to guarantee the timely and full payment of agreed-upon wages. The WPS covers all institutions registered with the Ministry across all sectors and industries and will benefit different categories of labor. The WPS reflects the UAE's leading position in the region, and will increasingly project the country as a model worth emulating in the following areas: Reiterating commitment to protect workers’ wages; Providing innovative solutions that help employers safeguard their own interests and red...