Oman Decision No. R/1/2024 On the Determination of the Average Wage Growth for 2024
Type
Law
Issued on
1 Jan 2024 (corresponding to 18 Jumada Al- Thani 1445 H)
Nature
Decision
Jurisdiction
Oman
Taxonomy
Pay, Benefits & Tax, General Employment & Labour Law
After perusal of the Social Protection Law issued by Oman Sultani Decree No. 52/2023; and
Based on the public interest requirements,
The following has been decided:
Article 1
In the implementation of the provisions of Article (5) of the aforementioned Social Protection Law, the average wage growth shall be at (3%) for the year of 2024.
Article 2
This Decision shall be published in the Official Gazette.
Issued on: 18/06/1445 H.
Corresponding to: 01/01/2024
Nasser bin Khamis bin Ali Al Jashmi
Chairman of the Board of Directors of the Social Protection Fund
This Decision was published in the Official Gazette of the Sultanate of Oman, Issue No. 1527 dated 07/01/2024, p. 59.