Shop-and-win draws have evolved through the years, becoming more accessible to many who dream of being the next lucky winner
uae16 hours ago
An overwhelming majority of employees in the UAE are open to their firms investing their end-of-service benefits, a survey has found.
Employees in the country receive a gratuity when they retire. Those who spend one year or more in continuous service are entitled to this end-of-service benefit.
Savings and investment company National Bonds said its annual index found 82 per cent workers are open to their gratuity being invested on their behalf.
The 12th edition of the National Bonds Savings Index, an annual survey on the saving behaviour in the UAE, covered more than 2,000 Emiratis and expatriates. The company said the survey insight “strongly aligns” with a solution it launched: ‘Golden Pension Plan’.
Billed as the first-of-its-kind initiative in the UAE, it aims to enhance employees’ end-of-service benefits in both government and private sectors. Companies can contribute a lump sum or monthly deposits either from or on behalf of their employees. The deposits will be placed in the plan, while applicable profit and rewards are distributed to the employees with controls of fund resting with the company.
“This plan also helps individuals and corporates to invest in their future and support corporates with employee retention strategies,” National Bond said.
Multiple organisations have tied up with the company for the plan, “reinforcing the employers’ interest in safeguarding their employees end-of-service financials”.
ALSO READ:
Shop-and-win draws have evolved through the years, becoming more accessible to many who dream of being the next lucky winner
uae16 hours ago
The injured were transferred by air ambulance to the country's Sheikh Khalifa Medical City Hospital to complete their treatment
uae23 hours ago
The Slacky Mile was initiated by Mouad Aburachid, a Moroccan-born balance coach who views slacklining as more than just a sport
uae1 day ago
This will mark the first public holiday of the year
uae1 day ago
Al Maktoum Archives will serve as a comprehensive repository for the Ruler of Dubai, encompassing his biography, collections, and literary works
uae1 day ago
The advisory comes in line with the country's official list of holidays released earlier this year
uae1 day ago
The annual prize honours individuals and organizations working to advance human fraternity and solidarity across the globe
uae1 day ago
She will be sharing the prize with 10 colleagues, one of whom is battling breast cancer
uae1 day ago