71% of DIFC employees confident of getting gratuity
LONDON and DUBAI, 2 hours, 12 minutes ago About 71% of employees responding to a survey said they were highly confident of receiving their gratuity payment when leaving their current employer in the Dubai International Financial Centre (DIFC), a report said. The survey on end-of-services benefits (EoSB) in the UAE was commissioned by Zurich, Equiom and Mercer to Insight Discovery to gauge the perceptions of the Dubai International Financial Centre (DIFC) Employee Workplace Savings (DEWS) scheme. The confidence in the DEWS scheme is particularly notable when comparing the responses of employees in the DIFC with the responses of employees across the rest of the UAE, where only 40% of UAE respondents outside the DIFC said they were aware of how their gratuity works and what it means for them. Two-thirds were also confident that they knew how their gratuity worked, as well as what it meant for them financially.
UAE gratuity calculator: How much would you earn if gratuity was invested monthly gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
19,182 DIFC employees from 1,187 employers enrolled, enabling individuals to plan their financial future.
The scheme restructured the previously defined benefit end of service gratuity scheme into a funded and professionally managed, defined contribution savings plan.
The plan brings much needed transparency to how EoSG is managed and provides financial security especially during a period of economic turbulence.
Interim performance of the Mercer Multi High Asset Growth fund has seen growth of 36.6 per cent.
Region-first employee workplace savings scheme is testament to DIFC’s position as the leading global financial centre in the region, committed to attracting and retaining world-class talent
Dubai, 2 March 2021 – One year after its launch, the
More than 19,000 DIFC employees sign up for new savings scheme in one year thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.