SAUDI ARABIA GOVT TO RAISE SAUDI WAGES IN THE PRIVATE SECTOR WITH MINIMUM WAGES IN THE NITAQAT PROGRAM WILL BE SR 4000 INSTEAD OF SR 3000 AND SR 6000 INSTEAD OF SR 4000 14TH JANUARY 2014 The Ministry of Labor is preparing a comprehensive list to raise Saudi wages in the private sector by amending the Saudi average calculation system in the labor market. The list aims to raise the minimum wage for Saudis in the Nitaqat program. Saudis will get SR4,000 instead of SR3,000 and SR6,000 instead of SR4,000. If the employee receives SR6,000 and more, the average Saudi calculations in the nationalization program will be raised. Calculating the average nationalization rates will be done scientifically: If the salary of a Saudi national exceeds SR6,000 and reaches SR12,000, he will be counted in the system as two employees. The ministry stated earlier that each Saudi employee who gets SR3,000 will count as one employee. Those who get SR1,500 count for half an employee, while those getting less than SR1,500 will not be counted at all in the Nitaqat program. These amendments are in line with the government’s policy to encourage facilities to employ more Saudis in highly paid jobs that offer better incentives. They also aim to reward facilities that employ Saudis in good jobs by increasing nationalization rates according to the salaries of the employees.The list, which will be approved soon, defined the rules of application. It stipulated that Saudi employees who count as one employee should receive no less than SR4,000 a month, while those getting SR2,000 will be counted as half a national employee. The list also stated that Saudi employees with less than SR2,000 will not be counted in the nationalization rates. Employees with salaries of SR8,000 or more will be counted as two national employees. The ministry said the rules of this decision apply to all non-Saudi workers who are treated as Saudis in the Nitaqat program, following the example of the Gulf citizens.
Posted on: Sat, 18 Jan 2014 01:47:41 +0000
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