Unemployment pay is a ‘huge step for employee rights’ and will reduce dependency on companies: experts – Arabian Business
- Date: 13-May-2022
- Source: Arabian Business
- Sector:Economy
- Country:Middle East
Unemployment pay is a ‘huge step for employee rights’ and will reduce dependency on companies: experts – Arabian Business
The UAE’s new unemployment insurance scheme – which will come into effect in January 2023 – could be a game-changer for employee stability and will put the onus back on firms to ensure that they have what it takes to retain top talent, as it will take more than just wages to do so, experts told Arabian Business.
The UAE’s Ministry of Human Resources and Emiratisation has stated that the new unemployment pay programme – which was initially announced by the Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum in a post on Twitter – will be applicable to all UAE citizens and residents.
The unemployment insurance programme will offer each UAE resident the option to pay a minimum of AED 40 and a maximum of AED 100 per year into an insurance scheme,
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