Saudi labor market to benefit immensely from new reforms

Saudi labor market to benefit immensely from new reforms

Saudi Gazette reportRIYADH — The Ministry of Human Resources and Social Development emphasized that the newly launched Labor Reform Initiative (LRI) would be instrumental in regulating the local employment market and improve its competency, transparency and competiveness.The initiative, which will come into force on March 14, 2021, aims to support the Ministry's vision of establishing an attractive job market, empowering and developing labor competencies and developing the overall work environment in the Kingdom.A major objective of the initiative is to further improve the contractual relationship between employees and employers and put an end to