Importance of EOSB Valuation in GCC: A Strategic Financial Practice

21
Apr
2025

Importance of EOSB Valuation in GCC: A Strategic Financial Practice

In the dynamic business environment of the Gulf Cooperation Council (GCC), companies constantly navigate economic shifts, workforce transformations

End-of-Service Benefit
18
Nov
2024

Actuarial Valuation of End-of-Service Benefit: An In-Depth Guide for Businesses

Actuarial valuation of end-of-service benefits is essential for businesses managing employee obligations. As companies grow, many times, they face obligations related to retirement benefits,..

Actuarial Valuation
18
Nov
2024

Consideration of Key Assumptions in Actuarial Valuation of Gratuity, End of Service Benefit, and Leave Encashment

Actuarial valuations play a crucial role in managing employee benefits like gratuity, end of service benefit, and leave encashment. Organizations need to understand the financial…

UAE Labor Law
18
Nov
2024

New UAE Labor Law About End of Service Benefit

The new UAE Labor Law brings significant changes to the end of service benefits for employees. Organizations must understand these new provisions to remain compliant and align their policies…

EOSB Benefits in Saudi Arabia
17
Oct
2024

Different Types of EOSB Benefits in Saudi Arabia

Understanding employee benefits is crucial for both employers and employees. In Saudi Arabia, the End of Service Benefit (EOSB) is a significant part of the employment package. It ensures that employees receive fair compensation when their service ends. This benefit …

Employer
17
Oct
2024

Responsibility of Employer and Employees in the context of EOSB

End of Service Benefits (EOSB) are vital components of employment contracts in many regions. They represent the financial compensation employees receive when they leave a company. This compensation depends on factors like length of service and salary. Understanding EOSB is …

Understanding End of Service Benefits
19
Sep
2024

Understanding End of Service Benefits: Limited vs. Unlimited Contracts

Understanding the difference between limited and unlimited contracts is important for employment contracts. It is even more important when employees think about their future. These contracts influence various aspects of the work life of employees, including end of service benefits.  …

end of service benefits
19
Sep
2024

Different Termination Scenarios Which Affect Entitlement of End of Service Benefits

End of service benefits (EOSB) are a crucial part of employee compensation, especially in regions like the Middle East, where they are legally required. These benefits provide employees with financial security when they leave an organization, whether through resignation, termination, …

End of Service Benefits
27
Jul
2024

Importance of End of Service Benefits Valuation in KSA and UAE

In the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE), end of service benefits (ESB) play a crucial role in the employment landscape. These benefits provide financial security to employees upon the end of their service, whether …

end of service benefit
04
Jun
2024

End of service Benefits: A Game Changer for Employee Retention

Don’t you think that if you can keep your workforce motivated, you have achieved enough in your organization? But have you ever wondered which are the factors that you need to consider so that you can easily achieve this end …