[ad_1]
Failure to subscribe to mandatory policy by June 30 will see workers fined Dh400
Many companies have already enrolled employees in the unemployment insurance program, effective January 1, 2023. Enforced by the UAE government Subscribes to the Involuntary Unemployment (ILOE) Insurance Plan for federal government and private sector employees. Failure to subscribe by June 30 will result in the worker being fined Dh400.
“Many companies have registered their employees for the ILOE scheme. Also, it is the company’s responsibility to raise awareness among employees about the ILOE scheme.
she suggested Company sends reminder Send it to employees again and again so they subscribe promptly and don’t incur fines.
Kansou suggests that since companies offer other incentives like life and health insurance, they can use this as an incentive for employees as well. She stressed, however, that employees, not employers, must subscribe.
As Khaleej Times reported earlier, Employers in the UAE can buy insurance Representing their employees against unemployment. As part of this optional feature, the employer can purchase the policy and deduct the value of the premium from the employee’s paycheck, or can decide to pay on their behalf.
Employees in the UAE can subscribe to unemployment insurance schemes for up to one or two years.
Under the ILOE program, eligible employees will receive a monthly cash benefit of up to 60% of their average base salary for the six months prior to unemployment.
As part of this programme, two schemes were introduced. In category A, employees with a basic salary of AED 16,000 or less must pay AED 5 plus VAT per month (or AED 60 plus VAT for a year), up to a maximum of AED 10,000 per month, up to three months. For Category B, workers earning more than Dh16,000 are required to pay Dh10 plus VAT per month (Dh120 plus VAT for one year), up to a maximum of Dh20,000 per month for a maximum of three months.
The employee must also be legal resident of the country.
Dana Kansou pointed out that if an employee loses their job, compensation will be paid to employees on a monthly basis, rather than in monthly payments.
Also read:
[ad_2]
Source link
