HR Update: DMCC member firms — Mandatory WPS Implementation
WPS [Wage Protection System] is a digital payment of salary transfer through
Banks / Exchange Bureaus / financial institutions approved by the UAE Central Bank.
- Register employees with active employment visas or Personal Identity Card (PIC) under each company
- Effect salary payments through the system from February 15, 2023.
DMCC will be monitoring the companies registration as well as the implementation of WPS, however, the portal freeze/fines will be applicable from January 2024.
Rethink to the rescue!
- WPS Advisory – One-time guideline on the process of registering for WPS, salary disbursement [self-processing by client’s team]
- WPS Payroll services – Ongoing assistance [Outsourced to Rethink] in preparation of payroll file, SIF File creation, and distribution of payslips (through Cloud-based HRMS)
Director of HR Services & Talent Acquisition
HR & Recruitment Manager