Market Research Report
Employee Benefits in Saudi Arabia 2020
|Published by||GlobalData||Product code||967531|
|Published||Content info||50 Pages
Delivery time: 1-2 business days
|Employee Benefits in Saudi Arabia 2020|
|Published: October 22, 2020||Content info: 50 Pages||
The Kingdom of Saudi Arabia has an extensive social security system, which aims to provide every citizen with a decent standard of living in line with Islamic principles. Its small population and high gross domestic product (GDP) allow the Kingdom to provide employed and self-employed residents with help, such as medical care, childcare, pensions, and unemployment benefit, as well as, in some cases, housing and disability benefits. Saudi Arabia had previously experimented with its social security system by bringing in foreign workers as the country's working population mainly consists of expatriates. However, due to their transient nature, the plan was later shelved. The Ministry of Labor provides general supervision, while the General Organization for Social Insurance (GOSI) administers various social welfare programs through district offices.
The report provides in-depth industry analysis, information and insights of the employee benefits in Saudi Arabia, including: overview of the state and compulsory benefits in Saudi Arabia, detailed information about the private benefits in Saudi Arabia, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Saudi Arabia.
This report provides a detailed analysis of employee benefits in Saudi Arabia -