24 Hrs
Source:
اليوم السابع
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Labor Law Training Funding Sources
The article reviews the resources and support fund for training under the new Labor Law, specifying that the fund's funding sources include contributions from establishments amounting to 0.25% of the minimum insured wage, with a minimum of 10 pounds and a maximum of 30 pounds per employee annually. The law allows for exemptions for establishments that train their employees. Funding also includes donations, grants, and investment revenues. The law regulates the management of the fund through a dedicated account in one of the authorized banks and subjects it to oversight by the Central Auditing Organization. A governing board is formed, headed by the relevant minister and representing trade unions and employers, to ensure the continuity of funding, develop resource collection mechanisms, and manage the fund effectively.
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