Salar­ied class wel­comes new wage pro­tec­tion sys­tem

Oman Daily Observer - - FRONT PAGE - VINOD NAIR MUS­CAT, NOV 14

The salar­ied class have wel­comed the new Wage Pro­tec­tion Sys­tem (WPS) of the Min­istry of Man­power that came into force re­cently.

The new sys­tem holds sig­nif­i­cance as there have been de­lays in the pay­ment of salaries in the small pri­vate sec­tor com­pa­nies.

As per WPS, em­ploy­ers must pro­vide de­tailed in­for­ma­tion about the salary pay­ment trans­ac­tions as spec­i­fied by the min­istry. The de­tails must be di­rectly sent from the cor­po­rate pay­roll sys­tem.

“My com­pany has been de­lay­ing salary pay­ments by days. The en­tire cy­cle of get­ting salary has been dis­turbed for months now. Our ques­tions are be­ing an­swered now,” said an em­ployee of a con­tract­ing firm.

He hoped with the WPS the com­pa­nies will be made to re­spond by the min­istry.

Sev­eral em­ploy­ees in the ac­count de­part­ments told the Ob­server it is not al­ways pos­si­ble to pro­vide the ex­act an­swers that em­ploy­ees ask for.

“We share their con­cerns; ac­coun­tants too are em­ploy­ees in the same set-up,” said Jaidev, an ac­coun­tant with 30 years of ex­pe­ri­ence in Oman.

He is not sure how the WPS will help the em­ploy­ees di­rectly but wel­comed the mon­i­tor­ing sys­tem.

“If the cash flow to the com­pany is er­ratic, then there will be is­sues re­lated to salary pay­ment. At the same it’s not pos­si­ble to share all de­tails with em­ploy­ees,” said the chief fi­nan­cial of­fi­cer of a lead­ing busi­ness group.

“My com­pany never pays salary on a fixed date though it is cred­ited ev­ery month. It makes me ad­just my loans and other pay­ments now and then,” said Salem al Balushi, a stu­dent and em­ployee.

WPS is a joint pro­gramme be­tween Min­istry of Man­power and Cen­tral Bank of Oman to en­sure com­pa­nies’ com­mit­ment to trans­fer wages of em­ploy­ees to their ac­counts at the time and amount agreed upon in their con­tract. The new sys­tem holds sig­nif­i­cance as there have been de­lays in the pay­ment of salaries in the small pri­vate sec­tor com­pa­nies.

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