Wage Protection System: Establishments’ obligations and how to comply
A detailed explanation of the wage protection system and the steps necessary for the facility to comply
The Wage Protection System is a government program that aims to ensure that the salaries of workers in the private sector are paid on time and in the agreed upon amounts.
What is the Wage Protection System?
It is an electronic system that monitors salary disbursement processes for all workers in private sector establishments, and requires establishments to upload monthly salary files through the system.
Required commitments:
- Submitting the salaries file monthly on the specified date
- Paying salaries through documented bank accounts
- Matching the amounts disbursed with the documented contracts
- Commitment to the minimum wage
Consequences of non-compliance:
- Increasing financial fines
- Negative impact on the facility’s classification into ranges
- Stopping government services from the facility
- Depriving the establishment of recruitment
We at the Business Correction Office prepare and submit wage protection files on a monthly basis on your behalf.