The report provides in-depth industry analysis, information, and insights of the employee benefits in the UAE, including an 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 and the regulatory framework of the employee benefits in the UAE.
The 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. However, the country only provides social security benefits to UAE nationals; it does not have a social security system comparable to those that expatriates from other countries previously had 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 the Abu Dhabi Retirement Pensions and Benefits Fund are responsible for social insurance and pension benefits in the UAE. Individuals can also voluntarily participate in private benefit plans.
The 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. However, the country only provides social security benefits to UAE nationals; it does not have a social security system comparable to those that expatriates from other countries previously had 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 the Abu Dhabi Retirement Pensions and Benefits Fund are responsible for social insurance and pension benefits in the UAE. Individuals can also voluntarily participate in private benefit plans.
Key Highlights
- The Social Security Department, the Department of Welfare and Rehabilitation of Persons with Disability, the Social Protection Department, and the Social Affairs Office are responsible for the functioning of the overall social security system.
- A person’s national insurance contribution is determined based on their income.
- An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to a credited contribution.
- Employers in the UAE provide their employees with mandatory ESBs or enhanced ESBs.
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, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, unemployment benefits, minimum resource benefits, leaves and holidays, 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 employee benefits in the country
- Assess employee benefits of the market, including state and compulsory benefits and private benefits
- Gain insights into the key employee benefit schemes offered by private employers in the country
- Gain insights into key organizations governing employee benefits market, and their impact on companies
Table of Contents
1. Executive Summary3. Country Statistics4. Overview of Employee Benefits in the UAE5. Regulations
2. Introduction
6. State and Compulsory Benefits
7. Private Benefits
List of Tables
