Companies
Oman private sector salaries rise by 16 per cent
Salaries in the private sector recorded an increase during September 2015. The number of workers in the sector earning a basic salary of RO2,000 increased to 7,139 compared to 6,122 in December 2014 – a 16.6 per cent growth.
Salaries in the private sector recorded an increase during September 2015. The number of workers in the sector earning a basic salary of RO2,000 increased to 7,139 compared to 6,122 in December 2014 – a 16.6 per cent growth.
The increase comes at a time when the private sector is seeking to attract talented national personnel, rehabilitate them, improve the work environment and increase the incentives and benefits provided to them.
Data released recently by NCSI pointed out that most salary segments in the private sector witnessed a growth till the end of September this year compared to December 2014.
The number of Omanis working in the private sector with basic salaries of RO325 to RO400 increased to 60,882 compared to 49,182.
This reflects the employment level in the private sector where the minimum salary is RO325. Omanis in the RO401-RO500 salary bracket increased from 42,709 to 46,453. The category where the maximum salary is RO600 saw the number of Omani workers increase to 20,975 by September 2015, a rise of 2,721 compared to 2014-end.
NCSI divides the basic salaries of Omanis in the private sector into nine categories depending on the salary on which the contribution to social insurance is calculated. There is also a tenth category for those who did not update their data.
-
Banking & Finance1 month agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
News2 months agoReport: How India & The Middle East Are Exploiting Immense Economic Synergies
-
Uncategorized2 months agoOman’s ISWK Cambridge Learners Achieve ‘Top in the World’ and National Honours in June 2025 Cambridge Series
-
News1 month agoJamal Ahmed Al Harthy Honoured as ‘Pioneer in Youth Empowerment through Education and Sport’ at CSR Summit & Awards 2025
-
Economy2 months agoPrime Minister of India Narendra Modi to Visit the Sultanate of Oman on 17-18 December
-
News2 months agoIHE Launches Eicher Pro League of Trucks & Buses in Oman
-
Economy2 months agoOman’s Net Wealth Reaches $300 Billion in 2024, Poised for Steady Growth
-
News2 months agoLiva Insurance Honored with ‘Insurer of the Year’ Award for 2025

You must be logged in to post a comment Login