Saudi Arabia raises minimum wage by 33 per cent

Saudi Arabia’s ministry of Human Resources and Social Development Wednesday ordered companies to pay SAR4,000 ($1,066) from SAR3,000 for Saudi employees, under the “Nitaqat” employment program, reports say.
Per the new decision, a Saudi worker with a minimum salary of SR4,000 will be calculated as one worker in the Saudization program, Zawya reports.
The new direction also stressed that a Saudi worker whose monthly wage is SR3,000 will be calculated as half a worker. Only two Saudi employees with a minimum salary of SR3,000 will be calculated as one worker.
Part-time employees according to the ministry will be calculated in the Nitaqat program as half of a Saudi worker provided that social insurance contributions are paid for him with a minimum monthly wage of SR3,000.

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Posted by on Nov 19 2020. Filed under Gulf News, Headlines. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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