The Wages Protection System (WPS) was implemented at the Central Bank of the UAE (CBUAE) to meet the desired objectives of the Ministry of Labour (MOL). The objective of WPS is to provide a safe, secure, efficient and robust mechanism to streamline the timely payment of wages to employees by their employers.
The model adopted by CBUAE is one where information flows from the employer to one or more of the contracted agents for payment of the wages to their employees. Funds from the employers are secured by CBUAE prior to dispatching the wages information to the agents.
The system empowers CBUAE and the MOL to effective monitor of the payment of wages by the employers to their respective employees.