The Wages Protection System (WPS) shall be implemented at the Central Bank of the UAE (CBUAE) to meet the desired objectives of the Ministry of Labour (MOL). The objective of WPS is to provide a safe, secure, efficient and robust mechanism to streamline the timely payment of wages to employees by their employers.
The model adopted by CBUAE is one where information flows from the employer to one or more of the contracted agents for payment of wages to thier employers. Funds from the employers are secured by CBUAE prior to dispatching the wages information to the agents.
The system shall empower CBUAE, and thereby the MOL, with the functionality that would allow effective monitoring of the payment of wages by the employers to their respective employees.
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