ASFI Consulting WPS Services
ASFI Consulting provides specialized WPS (Wage Protection System) services in Dubai. To help businesses meet UAE labor law requirements for paying employees, WPS is a government-mandated system operated by the UAE Ministry of Human Resources and Migration. (MOHRE) to ensure employees are paid on time and various businesses Follow proper payroll compliance. ASFI Consulting’s WPS service navigates the complexities of the system. Ensures complete compliance and avoid penalties for non-compliance. It is designed to help companies.
Key WPS Services Provided by ASFI Consulting:
WPS Registration and Setup:
ASFI Consulting assists businesses in registering for the WPS with the relevant authorities, ensuring they are fully set up to process employee salaries in accordance with the system. This includes linking your company with the designated bank, setting up the payment structure, and ensuring all documentation is in place to begin using WPS.Employee Salary Processing via WPS:
ASFI Consulting helps businesses process and transfer salaries to employees through the WPS platform. This includes ensuring that salaries are paid on time and in full, as per the contracts of employment. The service also involves handling any adjustments or corrections related to employee payments, such as overtime or bonuses, and submitting them correctly through the WPS.Compliance with UAE Labor Law:
ASFI Consulting ensures that businesses remain compliant with the UAE Labor Law and the regulations set by the Ministry of Human Resources and Emiratisation (MOHRE). This includes ensuring that wages are paid through the WPS on the agreed-upon date and that all reporting requirements are met. Non-compliance with the WPS can lead to fines and penalties, so ASFI Consulting works to prevent any such issues by ensuring proper payment processing.Regular Wage Reporting:
ASFI Consulting provides ongoing support in managing and submitting wage reports to MOHRE via the WPS. They ensure that businesses meet the required reporting deadlines and that all information submitted is accurate, thus avoiding any issues that may arise from incorrect or late reports.Dispute Resolution and Rectification:
In case of any discrepancies or disputes regarding payments or WPS issues, ASFI Consulting assists businesses in resolving these problems by liaising with the relevant authorities. They help rectify any discrepancies in the wage payments and ensure that all issues are resolved promptly, avoiding any legal or financial repercussions for the company.WPS Penalty Management:
If a business faces penalties for non-compliance or late salary payments, ASFI Consulting can assist in managing and appealing such penalties. They work with government authorities to resolve these issues and ensure that businesses can avoid repeated violations and penalties.
Our Partners
Bank Liaison:
ASFI Consulting helps businesses establish and maintain relationships with the banks approved by the WPS system. They assist with setting up the necessary accounts, transferring salaries, and ensuring smooth communication between the company and the bank regarding employee wage payments.
Employee Salary Disbursement Reports:
ASFI Consulting generates detailed reports for companies to track the salary payments of employees through the WPS. These reports provide insights into payment status, discrepancies, and compliance with the system, making it easier for businesses to maintain accurate payroll records for auditing or tax purposes.
Payroll System Integration:
ASFI Consulting offers integration services, allowing businesses to seamlessly connect their internal payroll systems with the WPS platform. This ensures that the payroll data is automatically synchronized with WPS, reducing manual entry and the risk of errors.
WPS Training and Consultation:
ASFI Consulting provides training and consultation services to companies on how to manage the WPS effectively. They educate business owners and HR departments on how the system works, the importance of compliance, and how to avoid common mistakes, ensuring that employees are paid on time and according to the law.
