Major Fee Discount for Tripling Emiratisation

Emiratisation, a cornerstone of the UAE’s economic strategy, is rapidly gaining momentum. With the UAE government doubling down on its efforts to increase the participation of Emirati nationals in the private sector. Businesses are now more incentivized than ever to embrace Emiratisation targets. Companies that achieve these goals not only contribute to the nation’s economic development. But also reap substantial rewards, including significant discounts from the Ministry of Human Resources and Emiratisation (MOHRE).

In this article, we’ll explore how businesses are successfully hitting their Emiratisation targets and the strategic benefits they’re enjoying. We’ll also dive into the role of advanced technology in transforming the Emiratisation process. Allowing companies to meet their quotas more efficiently than ever before.

The Push for Emiratisation: A Quick Overview

Emiratisation is a national policy aimed at increasing the presence of Emirati nationals in the workforce, particularly in the private sector. This initiative helps reduce the dependency on expatriate workers. Enhances local talent development, and contributes to the UAE’s long-term economic sustainability.

In recent years, the Emiratisation drive has become more aggressive, with government regulations mandating private-sector companies to meet specific targets. The recent updates include requiring companies with over 50 employees to ensure that Emiratis constitute at least 4% of their workforce. Non-compliance can lead to hefty fines. While those who meet or exceed these targets are rewarded with MOHRE discounts, significantly lowering the cost of operations.

Hitting Triple Targets: What It Means for Companies

Achieving Emiratisation targets has become a multi-faceted endeavor for UAE businesses. The term “triple targets” refers to the threefold goals that companies strive to meet:

1. Compliance with MOHRE Requirements: Meeting the percentage quota of Emiratis in the workforce, which varies by sector and company size.
2. Fulfilling Skill Gaps with Local Talent: Companies are not just looking to fill positions but to identify and develop Emirati talent in key skill areas such as technology, finance, and management.
3. Ensuring Long-term Employee Retention: Retaining Emirati employees by creating supportive work environments, offering growth opportunities, and aligning with cultural values is critical for long-term success.

Companies that achieve these triple targets unlock a host of advantages. Apart from meeting legal requirements, they gain access to cost-saving opportunities provided by MOHRE. Additionally, the benefits extend beyond compliance—organizations can tap into a highly motivated and capable local workforce, fostering better company performance and loyalty.

MOHRE Discounts: A Win-Win for Compliance

One of the biggest incentives for companies embracing Emiratisation is the Ministry of Human Resources and Emiratisation’s discount scheme. The discount program is designed to reward companies that prioritize local employment by reducing their operational costs. These savings can be a game-changer for many firms, especially in industries with tight profit margins.

For instance, businesses that meet their Emiratisation quotas receive reductions in government fees. For work permits, visa issuance, and other administrative costs. These discounts allow companies to reinvest in their workforce and operations, creating a virtuous cycle of growth and compliance.

According to the latest data from MOHRE, companies that achieved their Emiratisation targets in 2023 saved an average of 20%. On administrative costs, showcasing the tangible financial benefits of complying with the national directive.

The Role of Technology in Emiratisation Services

In today’s fast-paced world, advanced technology is playing a crucial role in helping companies achieve their Emiratisation goals more efficiently. From AI-powered recruitment tools to sophisticated employee engagement platforms, technology is transforming how companies attract, onboard, and retain Emirati talent.

Here’s how technology is boosting Emiratisation services and enabling companies to meet their quotas:

1. AI-Driven Recruitment: Finding the right Emirati talent has never been easier, thanks to AI-based platforms that analyze thousands of resumes in seconds. These systems match candidates based on qualifications, experience, and even cultural fit, helping companies. Fill critical roles faster and more accurately. Many businesses are now using specialized Emiratisation services that incorporate AI to streamline their recruitment process. These platforms connect companies directly with qualified Emirati professionals. Ensuring that job opportunities are aligned with the candidates’ skills and career aspirations.
2. Employee Development Platforms: Once hired, developing Emirati employees is key to long-term retention. Technology-based learning platforms provide continuous professional development opportunities for Emiratis, enabling them to upskill and stay competitive in a rapidly changing work environment. E-learning platforms and online certifications focused on emerging fields such as data science, cybersecurity, and AI ensure that Emirati talent stays relevant and valuable.
3. Data Analytics for Workforce Planning: Technology-driven analytics offer businesses insights into their workforce composition, performance, and satisfaction levels. By leveraging data analytics, companies can assess their Emiratisation progress, identify areas for improvement, and forecast future workforce needs. Such data-driven decisions enable companies to make strategic adjustments to their Emiratisation strategies, ensuring they stay on track to meet the targets.
4. Virtual Onboarding and Engagement: To accommodate remote working environments, many companies have turned to virtual onboarding platforms. These platforms help integrate Emirati employees into the company culture, ensuring they feel valued and engaged from day one, even if they are working remotely. Additionally, companies are using employee engagement software to continuously assess the needs and satisfaction of their Emirati employees, leading to better retention rates.

Key Statistics and Insights

As of mid-2024, several new insights have emerged in the Emiratisation landscape:

• The UAE’s private sector has seen a 28% increase in the hiring of Emiratis over the last two years. According to a MOHRE report.
• Companies that implemented AI-driven recruitment solutions reported a 35% reduction in the time required to fill positions. With qualified Emirati candidates.
• 62% of companies using digital platforms for employee development have seen higher retention rates. Among Emirati staff compared to those relying on traditional methods.
• Firms achieving their triple targets have not only received MOHRE discounts but have also seen a 15% improvement in overall employee performance. Due to better cultural integration and skill development initiatives.

These statistics highlight how crucial it is for businesses to adapt to the changing technological landscape. And use Emiratisation services effectively to meet their goals.

Emiratisation: The Road Ahead

Looking forward, the drive for Emiratisation is set to intensify as the UAE continues to evolve its economic and labor policies. With new regulations likely to be introduced in the near future, companies that haven’t yet embraced Emiratisation will need to catch up quickly.

The increasing role of technology, such as AI recruitment tools, employee development platforms, and analytics, will continue to reshape how businesses approach Emiratisation. Companies that invest in the right technologies and partner with reliable Emiratisation services providers are more likely to hit their targets and gain competitive advantages through compliance and by building a workforce that drives growth.

How Royal Visa Can Help

At Royal Visa, we specialize in helping businesses navigate the complexities of the Emiratisation process. From recruitment strategies to visa facilitation, our Emiratisation services are designed to help you meet your targets and enjoy MOHRE’s significant discounts. We leverage the latest technology, ensuring your company gets the best Emirati talent while complying with government regulations.

Contact us today to learn more about how we can support your Emiratisation efforts. Don’t miss out on the opportunity to boost your business, benefit from MOHRE discounts, and contribute to the UAE’s vibrant economic future.

Call to Action: Ready to achieve your Emiratisation targets? Contact Kinza HR now to discover how our Emiratisation services can help you comply with government regulations while unlocking significant savings. Let’s build a stronger workforce together.