Employee Benefits in the UAE, New Report Launched

The United Arab Emirates (UAE) has undergone a huge transformation following the discovery of oil in the 1950s, going from a poor region to a contemporary state with a high standard of living. The country, however, only provides social security benefits to UAE nationals. The country does not have a social security system comparable to those that expatriates from other countries have access to. Expatriate employees and employers of an expatriate are not required to make contributions to any social security scheme.

The country’s social security system is governed by the Pension and Social Security Federal Law. The General Pension and Social Security Authority (GPSSA) and Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) are both responsible for social insurance and pension benefits in the UAE. Individuals can also voluntarily participate in private benefit plans.

The report provides in-depth industry analysis, information and insights of the employee benefits in the UAE, including:

• Overview of the state and compulsory benefits in the UAE
• Detailed information about the private benefits in the UAE
• Insights on various central institutions responsible for the administration of the different branches of social security
• The regulatory framework and recent regulations relating to UAE employee benefits

Scope

This report provides a detailed analysis of employee benefits in the UAE:

• It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
• It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, short-term sickness benefits, medical benefits, workmen’s compensation, maternity and paternity benefits, minimum resources, annual vacations and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in the UAE

Reasons to Buy

• Make strategic decisions using in-depth information related to the UAE employee benefits
• Assess the UAE employee benefits market, including state and compulsory benefits and private benefits
• Gain insights into the key employee benefit schemes offered by private employers in the UAE
• Gain insights into key regulations governing the UAE employee benefits, and their impact on companies

Key Highlights

• The UAE social security system provides benefits to UAE nationals only
• Expatriate employees and employers of an expatriate are not required to make contributions to any social security scheme
• All full time employees in the UAE can voluntarily participate in private benefit plans
• Individual savings policies and group savings policies are two kinds of private benefit plans that are available in the country, whose purpose is to provide simple retirement plans with accumulated investment earnings, vesting and flexible retirement options

Spanning over 44 pages, 5 Tables and 10 Figures “Employee Benefits in the UAE” report covering Executive Summary, Introduction, Country Statistics, Overview of Employee Benefits in the UAE, Regulations, State and Compulsory Benefits, Private Benefits, Macroeconomic Indicators, Appendix.

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