The dream of moving to Abu Dhabi is clear for all to see – the weather, the facilities, the incredible views and, of course, the job prospects.
But there is always that nagging doubt: what if…? We’re not even going to say it.
The UAE unemployment insurance scheme could change it all, though.
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The Ministry of Human Resources and Emiratisation (MOHRE) has launched the unemployment insurance scheme for government and private sector employees.
Under the new plans, compensation will be paid monthly based on 60 percent of the employee’s basic salary and subject to a maximum Dhs20,000 per month.
The new law applies to all workers in the UAE – meaning it impacts both federal government employees and private sector staff.
First announced in May, it excludes part-time employees, retirees who have a pension and those under the age of 18.
The Ministry say the scheme will ensure a sustainably decent life for UAE residents if they are ever unemployed.
It also aims to boost the attractiveness of the jobs market in the UAE and enhance the global competitiveness of UAE nationals.
UAE unemployment insurance scheme: Who is eligible?
To be eligible, the employee must have been insured with an employer for at least 12 months.
This will be calculated from the date of subscription.
Employees who have been dismissed for disciplinary reasons will not be eligible, the Ministry confirmed.
If a resident starts a new job during the compensation period, the scheme will be suspended for them.
It is the latest in a string of regulatory changes announced by authorities in the UAE, after significant amendments were made to visa rules and residency requirements.
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