Muscat: Companies in Oman will need to use the Ministry of Manpower (MOM) new wage protection system to ensure that all their employees are paid on time from this month onwards.
Organisations in Oman have three months to conform to the new system and ensure that their work systems are brought up to speed.
In an announcement released on Monday, the Ministry of Manpower said: “The Ministry in cooperation with the Central Bank of Oman, is upgrading and updating the wage protection system and the launch of unified wages formula in the banking transfer of manpower wages.
“Stemming from Ministry’s keenness to ensure stability of work at private sector establishments and in endeavour to enhance the development of systems and services offered to employers and manpower, to guarantee success of this programme and ensure that it achieves its desired goals, the ministry calls upon all private sector establishments to use the aforementioned unified formulae to transfer the wages of their employees.
“Employers should also ensure that their establishments are registered in the wages protection system (WPS) at the bank branches in which their accounts are registered.
“The Ministry also urges employers to commit to wages transfer according to the new formula starting transfer from November wages 2017. The Ministry will grant a period of three months for employers to comply with the new formula and will not accept any other formula after the end of 2018,” it said on Monday.
Source: TimesOfOman