Unemployed workers in UAE will be Compensated Under New insurance scheme

The UAE cabinet has announced the implementation of an unemployment insurance scheme that would compensate insured workers with a cash payment for a limited time period in the case of job loss. The goal is to improve labour market competitiveness, offer social protection for workers, and create a safe and secure working platform for everybody.

واعتمدنا اليوم أيضاً نظاماً للتأمين ضد التعطل عن العمل .. وهدفه تعويض العامل المؤمن عليه بمبلغ نقدي لفترة محدودة في حال تعطله عن العمل .. والهدف تعزيز تنافسية سوق العمل وتوفير مظلة اجتماعية للعاملين فيه وترسيخ بيئة عمل مستقرة للجميع pic.twitter.com/3l41VjBvvA

— HH Sheikh Mohammed (@HHShkMohd) May 9, 2022

The benefits include a reduction of 80% in the Ministry of Human Resources and Emiratisation’s service costs for private sector enterprises that produce significant results in terms of Emirati citizen recruitment and training. Beginning in January 2023, non-compliant businesses would be required to pay AED6,000 per month for each individual who is unemployed.

Emiratisation rates rises

A new mechanism to strengthen Emiratisation in the private sector has also been authorised, with the intention of boosting Emiratisation rates in skilled occupations by 2% yearly. By 2026, the rate will have climbed to 10%.

The proposed system will be deployed in collaboration with Nafis, a federal initiative aimed at improving Emirati workforce productivity and empowering people to work in the private sector.

NAFIS provides a number of advantages, such as the Emirati Salary Support Scheme, which provides UAE nationals with a one-year salary assistance of up to Dh8,000 per month while training and a monthly assistance of up to Dh5,000 for university graduates for up to 5 years.

Housing project

In addition, the UAE Cabinet also announced a new housing policy as part of its Zayed House Programme, which comprises an innovative funding scheme for housing loans totaling $3.13 billion (AED 11.5 billion) that would help 13,000 citizen families. The financing initiative is the most recent milestone in the Sheikh Zayed Housing Programme, which aims to guarantee that every person has access to a family home.

Get Free Consultation

Would you like to rate us on Google?      Yes    No

HLB HAMT - Audit, Tax, Accounting and Business Advisory

4.8

Based on 176 reviews

review us on

Varun R Chandra

07:38 25 Apr 21

HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.

Giuseppe Assi

06:20 31 Jan 21

I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more

Mohamed Sheriff

16:16 28 Jun 20

Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more

218141 JOSEPH THOMAS

16:20 23 Jun 20

Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more

PMI

07:14 23 Jun 20

In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more

RAVI CHOKSI

08:28 21 Jun 20

Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more

Maharajan Subramaniam

18:17 06 Jun 20

High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more

Mohammed L

08:07 05 Jun 20

We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more

ROY ROSHAN VIVIAN

06:32 04 Jun 20

Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more

Basil Daniells

05:55 03 Jun 20

I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more

Amar Kashyap

19:28 02 Jun 20

Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more

Radz de Jesus

16:03 02 Jun 20

We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more

Next Reviews