Saudi gets generous with new job insurance plan | GulfNews.com:
"The Saudi authorities have decided to set up a scheme providing unemployment insurance to nationals laid off from their jobs. The system, approved only last week, is a novelty for the kingdom.
Not surprisingly, there is a six-month grace period for implementation of the plan, ostensibly to provide stakeholders the opportunity to make the necessary adjustments.
With regard to funding, the law requires all employers to contribute 1 per cent of the salaries of all Saudi nationals working in their enterprises. Similarly, employees have to contribute 1 per cent from their salaries to the scheme."
'via Blog this'
No comments:
Post a Comment