What is Wage Protection System in SAP PY-UAE - Payroll United Arab Emirates?

SAP Term: Wage Protection System

• Component: PY-UAE

• Component Name: Payroll United Arab Emirates

• Description: An electronic salary transfer system that allows organizations to pay employees' salaries through banks, foreign exchange offices, and other authorized financial institutions. The system regulates the process of payment and is overseen by the Central Bank and Ministry of Labor of the United Arab Emirates.

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• Key Concepts: 
  The Wage Protection System (WPS) is a component of the PY-UAE Payroll United Arab Emirates module in SAP. It is a government-mandated system that requires employers to pay their employees’ wages electronically through an approved bank. The system is designed to ensure that employees receive their wages on time and in full. 
  
  How to use it: 
  To use the WPS, employers must first register with the Ministry of Human Resources and Emiratisation (MOHRE). Once registered, employers must then set up a bank account with an approved bank and link it to their SAP system. The employer must then enter the employee’s bank details into the system and set up a payment schedule. The system will then automatically generate payments to the employee’s bank account on the specified dates. 
  
  Tips & Tricks: 
  It is important to ensure that all employee information is up-to-date and accurate in order for the WPS to work properly. Employers should also ensure that they are compliant with all government regulations regarding wage payments. 
  
  Related Information: 
  For more information about the Wage Protection System, please visit the MOHRE website at https://www.mohre.gov.ae/en/services/wage-protection-system.aspx