Many employees in the UAE choose to work for private companies in numerous industries. However, not all private organizations follow Emiratisation in the UAE adequately. Indeed, it involves an essential process like registering Emirati employees in the pension system.
In this article, you will learn about Emiratisation in the private sector of the UAE. Above all, you will discover how to register Emirati employees in the pension system according to the Emiratisation law. So, avoid problems with your business in the UAE by discussing the following:
- The pension system in the UAE
- What is Emiratisation in the UAE?
- Registering your Emirati employees in the pension system
- Where can you find more information about Emiratisation in the UAE?
1. The pension system in the UAE
UAE authorities are becoming several processes mandatory for employees and employers in the country. For instance, they made the WPS registration mandatory in February of 2023. But what is the pension system in the UAE? And why is it tremendously important?
The pension and social security system in the UAE is a platform that ensures access to the Nafis program. In other words, it allows the Ministry of Human Resources and Emiratisation (MoHRE) to assist Emirati employees. By all odds, it is an essential part of Emiratisation in the UAE.
In this sense, the UAE government wants every employer in the private sector to register its employees in the pension system. Indeed, it is a mandate that includes workers in the oil & gas industry. But you may wonder: what is Emiratisation in the UAE in the first place?
2. What is Emiratisation in the UAE?
The Emiratisation law exists for one essential purpose: to promote Emiratisation in the UAE. Assuredly, it does not reveal how investing in sustainable fuel production can create oil and gas jobs in Dubai. However, it does not say what Emiratisation is either.
Above all, Emiratisation in the private sector and throughout the UAE means employers have the priority of hiring Emirati employees. Indeed, it includes rules such as recruiting 2% of Emirati employees per year. As a result, UAE authorities seek to promote local hiring from foreign investors and companies.
On the other hand, Emiratisation law establishes that companies in several industries, including health care, must register their Emirati workers in the pension system. By all odds, you could think it is a challenging process. However, our following topic will show you that it is a different story.
3. Registering your Emirati employees in the pension system
Thanks to Emiratisation in the private sector, several Emirati employees are looking for digital marketing jobs in Dubai. Nevertheless, the companies that hire them must register them in the pension system. Here, we will show you some details of the process.
First, employers in the banking & finance sector or elsewhere must register their Emirati workers within one month from the date of work permit issuance. At this point, they must follow the guidelines of the Ministry of Human Resources and Emiratisation to perform the registration.
On the other hand, it is worth mentioning that the Emiratisation law dictates that failing to comply with this mandate can bring your several problems. Indeed, it can lead your company to face penalties for not following Emiratisation in the UAE. Therefore, you must not skip this essential process.
Finally, remember that your Emirati employees can enjoy Nafis support only with a registry in the pension and social security system. In other words, potential candidates may see your organization as inadequate if you fail to comply with the Emiratisation law.
4. Where can you find more information about Emiratisation in the UAE?
The success of the UAE in the Middle East is a result of adequate employment policies. Indeed, they include mandatory registration of Emirati employees in the pension system. Consequently, they can promote the process of Emiratisation in the UAE with employers from the Emirates and overseas.
In this sense, we think that following Emiratisation in the private sector may be challenging if you come from outside the UAE. Fortunately, you can find the help you need throughout the country. Or, you can save time and choose KINZA HR as your assistance provider in the UAE.
Let our services help you with Emiratisation in the UAE. Do you want to know more? Contact us and witness all you can achieve in the Emirates. Our representatives are waiting for your call at +971 43 316 688. You can also write us an email at firstname.lastname@example.org.