Employee Benefits in the United Arab Emirates (UAE) 2021

Employee Benefits in the United Arab Emirates (UAE) 2021

Summary

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 the 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 and the regulatory framework of the employee benefits in the UAE.

Key HighlightsThe Ministry of Social Affairs in the UAE is responsible for social security and social welfareEmployee benefits that are required by law are known as state and compulsory benefitsOld-age, survivor's and disability pension, workmen’s compensation insurance, sickness benefits, compulsory insurance for medical care, and minimum resource benefits are the main state and compulsory benefits that are in force in the UAE.All full-time employees in the UAE can voluntarily participate in private benefit plansScope

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 benefitsIt 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, family benefits, unemployment, leave and private benefitsIt highlights the economic and regulatory situations relating to employee benefits in the UAEReasons to BuyMake strategic decisions using in-depth information related to employee benefits in the UAE.Assess the UAE's 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 organizations governing the UAE's employee benefits, and their impact on companies.