We have mentioned in this post some of the highest paying jobs in Oman. Also, covered here is the Wage system and what impact it has on the private sector. In compliance with Royal Decree No. 53/2023’s Labor Law, the Ministry of Labor (MoL) updated the Wage Protection System (WPS) with Ministerial Decision No. 729/2024. The goal of the decision is to guarantee that workers in the private sector receive their earnings in a timely and transparent manner.
The following are the Decision’s main provisions:
Payroll monitoring:
The Wage Protection System will electronically supervise the payment of wages by requiring employers to transfer wages to employee accounts at banks or financial institutions regulated by the Central Bank of Oman. Payments must adhere to legal deadlines and the terms and circumstances outlined in the employment contract. To protect yourself from scammers at the job search stage, use a trusted platform such as Layboard. Then you won’t have to worry about losing your money or being deceived.
Updates to employment contracts:
If an employee’s pay increases, employment contracts must be revised by companies to reflect the new compensation.
Wage remittance deadlines:
Employers are expected to remit wages through WPS within three days of the conclusion of the payroll period.
Database administration and monitoring:
A specialized division inside the Department of Layboard will keep an eye on the execution of WPS, document transactions, and keep an extensive database.
Exclusions from WPS pay transfers:
In several circumstances, employers are not required to use WPS, such as:
- Work is terminated for more than 30 days due to labor disputes.
- work suspension for longer than 30 days for non-employer-related causes.
- Escape applications filed with an expired approval period of more than 30 days.
- Recently employed workers who haven’t put in 30 days.
- Workers who are not being paid while on leave.
You can always utilize Job boards if you’re looking for welder jobs in Oman. With the reforms the government is implementing now, you don’t have to be concerned about being defrauded and not getting paid.
Highest-paying professions
Some jobs in Oman, like the highest-paying jobs in most other nations, tend to pay more because of the skills needed, the importance of the work, or industry demand. A list of some of the highest-paying positions in Oman can be seen below:
- CEOs (chief executive officers): Due to their involvement in strategic decision-making, top executives in big businesses, particularly those in the banking, telecommunications, and energy industries, receive significant compensation.
- Doctors and Surgeons: Due to the extensive training and high degree of knowledge needed, medical professionals—particularly specialists like cardiologists, neurologists, and surgeons—are among the highest paid.
- Laymen: In Oman, highly skilled attorneys—particularly those with backgrounds in international contracts and business law—are compensated well.
- Bank Managers: Since they are responsible for supervising big portfolios and customer investments, people who work in financial institutions frequently earn significant incomes.
- IT Managers: IT managers who can successfully lead technical teams and deploy systems are in great demand as a result of the growing significance of information technology in business operations.
- Engineering managers oversee complicated projects and guarantee technical precision and effectiveness. They are frequently employed in the construction or oil and gas industries.
- Pilots: Pilots operating commercial flights are compensated highly, and the aviation sector is a lucrative one.
- Marketing Directors: Particularly in the consumer goods and services industries, those in charge of promoting company expansion through marketing plans and initiatives are compensated well.
- HR Directors: HR directors in big businesses are rewarded heavily since they are essential to organizational development and talent management.
- Project managers: In particular, those in charge of big, expensive projects in sectors like IT, building, or oil and gas.
Minimum wage
As part of its efforts to maintain economic stability and stop labor market exploitation, the Omani government has established a minimum wage that is applicable to all Omani nationals. The most recent information indicates that Omani workers are entitled to a minimum salary of 325 OMR per month. This clause makes it more likely that workers will be paid enough to pay their essential living costs.
However, there is no explicit minimum wage law that applies to international workers. Market factors and the terms of the employer-employee contract typically determine their compensation. As a result, depending on a variety of circumstances, including their nationality, industry, experience, and qualifications, foreign workers’ pay might vary greatly.
Regarding hourly pay, neither local nor foreign employees in Oman are subject to an official minimum wage rate. Generally, hourly earnings are computed based on an agreed monthly wage divided by a specified amount of working hours per month. The average private sector work week in Oman consists of six days and no more than 45 hours.
Factors influencing salaries
- Sector: Depending on the industry or sector of employment, wages in Oman might vary significantly. Employees in highly lucrative industries like oil and gas frequently earn more than those in retail or education.
- Education and credentials: A person’s prospective income is greatly influenced by their degree of education and the caliber of their credentials. Higher-paying positions are frequently the result of more schooling and pertinent professional credentials.
- Experience: When determining pay, work experience is a crucial component. In general, a greater wage is justified by more experience, particularly in a specialized profession.
- Geographical location: Salaries may vary depending on the cost of living and the going rates in various parts of Oman. In order to offset the increased cost of living, urban areas like Muscat could offer larger pay.
