Royal Institute of Traditional Arts implements Saudi-Chinese cultural exchange program    Localization in Saudi military industries rises to 19.35%    Logistics park for vehicles worth SR300 million to be set up at Dammam port    Commerce Ministry recalls 6,500 Genesis cars due to risk of fire    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Saudi, Iranian foreign ministers discuss Oman-mediated talks with US    Prince Sultan University launches first bachelor's program in language and media    Al-Falih: Eastern Province hosts 700 investment opportunities worth SR330 billion    Putin announces three-day Russian ceasefire in Ukraine from 8 May    Crown Prince donates SR1 billion to support housing for eligible families    Pakistani military says it killed 54 militants attempting to cross border from Afghanistan    Suspect charged after Vancouver car ramming leaves 11 dead    Eight hundred Houthi targets hit after weeks of strikes, says US    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Salary delay irks pvt. sector employees
Published in The Saudi Gazette on 12 - 07 - 2016

JEDDAH — Tens of thousands of private sector employees were in disarray just as they could not withdraw their salaries before Eid Al-Fitr holidays as commercial banks refused to accept salary deposits claiming that many companies send salary checks very late.
Employees hoped that the Saudi Arabian Monetary Agency (SAMA) would have intervened and put part of the blame on the central bank as it changed Eid bank holidays abruptly.
A senior bank official, meanwhile, denied reports and said most banks have accepted salary deposits. The surprise SAMA decision changing Eid holidays might have affected the system, he said.
The official blamed private companies for the problem as many of them deposited their employees' salaries on the last day of June, which coincided with the last working day of banks as per the new announcement.
"Where were the company representatives in the past days and why did not they bother about salaries of their employees except in the last day of holidays. Most companies pay salaries to their employees in advance because of Ramadan and Eid," he pointed out.
Managers of companies said banks had suspended the facility for depositing checks of salaries on some firms to the end of Eid Al-Fitr holidays citing their salary checks came after the working hours. They also refuted justifications put forward by banks.
Ridwan Abdussalam, HR manager in a Jeddah company, told Makkah Arabic daily that the problem started when banks refused to accept deposits of salaries from some companies.
"This has affected employees of many companies," he told Makkah daily. He denied the allegation of banks that private companies delayed payment of salaries. "Most companies pay salaries on time at the end of every month to abide by the wage protection program."
He said the problem was caused by the abrupt change in bank holidays.
Abdul Rahman Al-Johani, accounts manager in a company, said: "Tens of thousands of private sector employees awaited SAMA intervention to force banks to accept their salaries at the end of Ramadan to help meet Eid Al-Fitr expenses."
Talaat Hafiz, spokesman for the banks, rejected generalization of the issue, saying all banks receive such salary deposits on the basis of bilateral agreements, adding that banks would abide by the agreements signed with private companies.
"Some companies may not have deposited salaries of their employees in banks on time. So we should not accuse banks without knowing the real reason behind the delay and the terms and conditions of bilateral agreements," he explained.


Clic here to read the story from its source.