RIYADH: The General Organization for Social Insurance has implemented its new minimum wage for workers over the age of 50, 5 months after first announcing the change.

Employers should raise the wages of Saudi workers who are 50 years old and above to at least SR4,000 ($1,066) a month, Al Eqtisadiah reported. The previous minimum wage was SR3,000.

Saudi Minister of Human Resources and Social Development Ahmed Al-Rajhi announced the increase in November 2020 for all Saudis and said at the time it would be implemented 5 months later.

Saudi workers being paid less than SR4,000 a month will only count as half a worker in the Kingdom’s nationalization program, Nitaqat.

Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.