The UAE labor market is stable, guaranteeing business operations in the face of regional developments, according to the Ministry of Human Resources and Emiratization (MoHRE). This indicates the strength, diversity, and capacity of the UAE economy to maintain equilibrium and sustainability in any situation. The Ministry continued, pointing out that business continuity in the labor market is reflected in the Wage Protection System (WPS) data, which shows that private sector establishments continue to pay workers’ wages on time using the system. These results highlight the effectiveness of fostering partnerships between the government and private sectors in achieving sustainable development.
In a news release, MoHRE highlighted these results, stating that they demonstrate the high degree of adherence to regulatory requirements by businesses across a range of industries. Additionally, they exhibit faith in the long-term viability of economic expansion as well as in the policies and programs implemented by the government to guarantee business continuity in all situations, bolstered by a complex legal framework and cutting-edge digital infrastructure that allows private sector employees to perform their jobs with flexibility.
Additionally, the Ministry confirmed that it still works with the UAE Central Bank to monitor wage payments through the WPS, which covers about 99% of private sector workers, in order to ensure establishments’ compliance. It noted that, despite recent developments, there has been no discernible change in the system’s compliance rates.
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