As an employer, the true cost of hiring an employee is more than the wage or salary offered by the organisation. In this article, Nathan & Nathan explains where additional costs exist, and how to account for them.
The True Cost of an Employee
The Intelligent SME Article
Dubai One Interview
Rohan Nathan, our Managing Partner, recently had an interview on Dubai One. You can check out the interview by clicking the video.
UAE Labor law sets out the rules of maintaining employee records under Article 53 and 54, though the law does not state that the employee records are to be in physical form, it is widely assumed that the Physical file is to be maintained. Adoption of HR Management systems and ERP have enabled the business to efficiently and accurately maintain employee records. At time when businesses are struggling to create storage space for compliance records, digitization of HR records may prove to be a viable solution.
It’s been a common practice in UAE to provide staff leave salary before start for vacation but during the month they are on leave, the salaries are not processed. This arrangement has been comfortably adopted by employees as it also provides for the travel arrangements and shopping, but the changed WPS rules had made it difficult for employers to pay to leave salary and not process the salary for the month they are on vacation.
The role of HR in a company made by millenials for millenials that believes in transparency and open communication. Fiona Mullan opens up about throwing the HR guidebook out the window and starting from scratch in a completely new standpoint in understanding HR guidance for millenials.