The Online Wage Payment system which forces the employers to pay the salary of workers trhrough bank accounts which was expected to be implemented Today Aug 18th has been postponed to November 2nd.
Announced on Februaury 18th to implimented in 6 months time, it was expected to be launched on August 18th 2015. The goverment has decided to postpone the same till November 2nd as all companies are not ready to be a part of WPS. The companies complain about delay in getting bank accounts approved for all the workers. More than 50K private companies are mandatorily required to produce bank accounts for all the workers for paying their salaries.
All banks have necessary techinical abilities and human resources to take this forward. Qatar central Bank which is teh regulatory authority for implementation of WPS has already directed all the Banks to cope with procedures to open bank accounts for all the workers who are beneficiaries of WPS. Rejection of a bank account opening request by any worker would make a bank liable to punishment under Article 216 of the QCB Law.
First five transactions on salary accounts will be free of any service charge.Service charges can be levied only after five withdrawals have been made by a worker from his bank account in a month. All companies covered by the labour law (as all private firms are) will need to make CSV files to save data in table structured format to be part of WPS. The tables will carry workers’ names and salaries payable to them in serial numbers. The CSV files will need to be saved in CDs as well or whatever format a company’s bank agrees to.
Related Article : Online salary payments Mandatory from August 18
