WPS Wage Protection System or WPS is an electronic salary transfer system that allows organizations to pay employees’ wages through banks, Exchange company other authorized financial institutions. It is an initiative from the Central Bank of the UAE along with the UAE Ministry of Labour to provide a safe, secure, efficient and robust mechanism to streamline timely payment of wages to employees by their employers.
The system developed by the Central Bank of the UAE, in September 2009, allows Ministry of Labour to develop a database that records wage payments in the private sector to guarantee the timely and full agreed wages to a all employees of any organization.
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