Hadaf to meet 35% of GOSI premium of private firms

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Saudi Gazette report

RIYADH
— The Human Resources Development Fund (Hadaf) announced that it will bear the 35 percent of insurance premium to be paid by private firms hiring Saudi staff.

The insurance premium has to be paid to the General Organization for Social Insurance (GOSI).

This is part of a program to boost Saudization in the private sector.

The Hadaf initiative is part of the five new job support programs launched by Minister of Labor and Social Development Dr. Ali Al-Ghafis on Tuesday to help Saudis take up jobs in the private sector.

Khaled Aba Al-Khail, spokesman of the ministry and Hadaf, said that the Fund will pay monthly insurance contributions for all private firms which hire Saudi staff.

“Saudi men and women hired after July 31, 2017, will be counted for the support program for a period of two years effective from October,” he said.

According to Aba Al-Khail, the support program aims at encouraging private firms to hire more Saudis by meeting a part of their salaries and bearing the expenses for hiring and job training. “Hadaf will contribute 15 percent of the salary of Saudi male staff and 20 percent of the salary of female staff,” he added.

Al-Ghafis also presented the documents of the ministry’s Freelance Program to a group of young Saudi men and women at a function held at the ministry headquarters in Riyadh on Tuesday.

The minister congratulated the Saudi youth for being involved in freelance jobs as part of the ministry’s new initiatives.


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