On GOSI:- Contribution to GOSI – General Organization for Health and Social Security. There are some requirements of General Organization for Health and Social Security (GOSI) upon the payroll your company is processing for you. According to these requirements, every company has to deposit a certain sum of money to the GOSI being contribution for health and Social Security. Calculations for GOSI are based on earning of an employee (Basic Salary + Housing Allowance) of a particular Organization. Contribution will be deposited by the employer towards a workers’ compensation and disability plan administered by GOSI, which is regulated in some detail in the Social Insurance Regulation, Royal Decree No. M/22 of 3rd Ramadan 1421 Hejra corresponding to 29th November 2000 Gregorian. Employer has to deposit a contribution of 2% of the salary of every employee towards this plan. It is mandatory on the employer and he has to deposit it from his own funds. He cannot deduct this money from the salary of the employee. Employee means both Saudi and Expatriate employees. All employees (Saudi + Expatriates) working in Saudi Arabia will be getting so many benefits just because of this contribution. If your employer is not paying your GOSI contribution, he is actually eating from your plate. GOSI takes very serious action against the employers who violate their terms.
Posted on: Tue, 09 Sep 2014 07:10:10 +0000