By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: United Arab Emirates: Emirates rewards employees with bonuses; will other companies do the same?
Share
Notification Show More
Latest News
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
Business Crypto
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Gulf > UAE > United Arab Emirates: Emirates rewards employees with bonuses; will other companies do the same?
UAE

United Arab Emirates: Emirates rewards employees with bonuses; will other companies do the same?

News Room
Last updated: 2024/05/16 at 6:42 AM
News Room
Share
3 Min Read
SHARE

Many private sector employees in the UAE are not receiving bonuses, according to a recent poll conducted on Khaleej Times’ WhatsApp channel. The survey found that the majority of respondents did not receive a bonus in the last 12 months and do not expect to receive one in 2024. Bonuses are typically given as a reward for good performance or company profits and are paid in addition to an employee’s regular salary.

Emirates Group recently awarded its employees a bonus of 20 weeks of their salaries as the company celebrated record-breaking profits. While bonuses are not required by UAE labor law, many companies choose to offer them as part of their annual practices. The eligibility and terms of bonuses are usually outlined in employment contracts or company policies, and the amount is at the discretion of the employer.

According to a UAE salary guide, three in 10 employees reported that no one in their company received a bonus in the previous 12 months. It was advised for business leaders to be aware of potentially dissatisfied employees as many look forward to an annual bonus. Bonuses can be added to job contracts as an additional payout beyond the monthly salary, with criteria for eligibility and payout amounts specified in the agreement.

Bonus calculations typically occur at the end of the financial year and are based on various factors such as company performance, growth, budget targets, and individual employee assessments. Annual bonuses in the UAE commonly range from 15 to 45 days of pay, depending on the industry. A majority of companies surveyed in the UAE intend to issue annual bonuses, with most planning to pay one month’s basic salary as a bonus.

In addition to salaries, bonuses are becoming increasingly important in the UAE job market for talent retention. Other factors like remote work options also play a role in attracting and retaining employees. It is crucial for employers to ensure that bonus terms are fair, compliant with labor laws, and mutually agreed upon with employees. Overall, bonuses play a significant role in rewarding and incentivizing employees in the UAE private sector.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room May 16, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Crypto King and Associate Arrested for Suspected Investor Fraud
Next Article Bahraini lawmakers are hopeful for united Arab cooperation
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE May 27, 2025
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle May 23, 2025
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World May 22, 2025
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto May 22, 2025

You Might also Like

UAE

The Myriad Redefines Student Living for a Mobile, Urban Generation

May 27, 2025
GulfUAE

Senkron Digital Showcases CyberPact Service at GISEC Global 2025

May 12, 2025
BusinessGulfUAE

Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World

May 10, 2025
GulfUAE

Your Next Destination in Dubai: Mövenpick Hotel Apartments Downtown Dubai – The Perfect Choice for Your Stay

April 23, 2025
GulfUAE

Nexus Developer Announces the Launch of ‘Estrella’ to Set New Standards in Boutique Luxury Living in Majan, Dubai

April 23, 2025
GulfUAE

Moscow City Tourism Committee Brings ‘Moscow Tea Time’ to Dubai with 15 Cultural Venues

April 18, 2025
GulfUAE

Wassim Elassaad Inspires Innovation at Gratuso and Waz & Co-Management Consultancy

April 16, 2025
GulfUAE

The Central Bank of the UAE Awards Tap Payments a Full Payment Services License

April 8, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?