After looking at financial compensation … Continuing reforms in the Saudi labor market

Saudi Arabia’s Ministry of Human Resources and Social Development revealed that the labor market strategy was developed on the basis of extensive preliminary studies, research and field surveys, according to which it followed a methodology based on extracting evidence-based reforms and policies to increase market efficiency, in addition to detailing the initiatives extraction strategy and implementation plan, after performing standard comparisons. Lots of reporting analysis and stakeholder involvement.

The ministry explained that the strategy was developed using a participatory methodology, and that it also focused on the implementation of sweeping reforms in the labor market in its public and private sectors, and included sets of initiatives, and their scope was based on increasing the economic participation rate, increasing skills and productivity and improving the efficiency of the market, in addition to its consistency with the programs to achieve the vision and goals. The Kingdom Vision 2030.

The ministry said the strategic vision states that the Saudi labor market must be a labor market that attracts local and international talents and capabilities, provides citizens with productive employment opportunities and a decent life, and promotes transition. towards a diversified and prosperous economy that surpasses all the challenges of today and tomorrow, while its main objectives were to reduce unemployment and increase productivity. Increase participation and increase market efficiency through reform initiatives which include improving working conditions, a climate conducive to growth and investment, revitalization of the labor market, career planning, setting professional standards, a skills system, recruitment and employment system.

The Undersecretary of the Ministry of Human Resources and Social Development for Labor Policies in Saudi Arabia, Engineer Hani bin Abdul Mohsen Al-Mujil, said last week that there was a tendency to discuss the issue financial compensation and government fees for the expatriate worker.

He added, at a workshop organized by the Chamber of Commerce and Industry in Mecca in cooperation with the chambers of Medina and Taif, entitled “Improving the contractual relationship for workers in the private sector” as financial compensation and the government fee for the expatriate worker will be subject to review and could be set quarterly instead of year, as this will be solved a lot. Of the problem.

He explained that if a two-year contract is signed between the worker and the establishment and the worker wishes to leave before the end of the contract, he must fulfill the penalty clause in order to compensate the employer before moving to the new one. employer, according to the Saudi press agency, “SPA”.