GOSI allows salary hike of Saudis getting less than $1,066, sidestepping 10% cap

If someone is getting a $800 salary, his salary can be raised to $1,066 meeting the minimum wage requirement set as part of the “Nitaqat” Program: GOSI

  

RIYADH The General Organization for Social Insurance (GOSI) has allowed the salary hike of Saudis, who are over the age of 50 and receiving less than SR4,000 a month, without following the 10 percent cap, meaning the pay raise can exceed 10 percent in this case.

GOSI said it is possible to raise the salaries of the people in the above-mentioned category, sidestepping the 10 percent cap. If someone is getting a SR3,000 salary, his salary can be raised to SR4,000 meeting the minimum wage requirement set as part of the “Nitaqat” Program,

The move can be implemented by entering online into the GOSI account of the employer, accessing the slot for raising the wages of subscribers in the establishment, entering the new salary without restricting oneself to the 10 percent cap but ensuring that the salary does not exceed SR4000, then click the “Save” icon.

© Copyright 2021 The Saudi Gazette. 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.

More From Policy