Wages Protection System – FAQs

What is Wages Protection System?
Can the employer choose any service provider for availing WPS facility?
Is paying wages through WPS mandatory?
Will there be penalties for not using WPS?
Do we have to sign any service agreement to commence the GCC Exchange WPS?
Is there a prescribed minimum salary limit to avail the service?
Is there a prescribed minimum number of employees to avail the service?
What is the procedure followed for registering a new Company for Wages Protection System compliance?
How will I give the salary amount to GCC Exchange?
How do my employees collect their salaries?
How long the salaries will be available for collection?