DOHA: The Qatar Financial Centre (QFC) has announced the establishment of an independent Employment Standards Office (ESO) aiming to protect the interests of both employers and employees through robust regulations, codes and procedures.
The ESO, which previously operated under the Legal department, is the new statutory compliance office for businesses registered under the QFC, said a statement.
Its objectives include enforcing compliance with regulations, ensuring fair treatment of employers and employees, encouraging communication between its members, facilitating dispute resolution and developing a productive QFC work force.
Yousuf Al Jaida, CEO of QFC, said: "The ESO is an important part of the QFC's foundations. By establishing it as an independent entity, we are further ensuring that all QFC employees and licensed firms work in a transparent environment where they are treated fairly and are encouraged to resolve disputes amicably."
He added: "I am confident that the QFC business community will greatly benefit from the services offered by the ESO and will continue to positively contribute to the growth of Qatar’s economy."
In addition to the role of administrating and enforcing Employment Regulations and Employment Code at the QFC, the ESO also works closely with the Ministry of Labour and Social Affairs to provide relevant information related to employees working under the QFC. Simultaneously, the ESO gathers information about Qataris who work at the QFC in view of identifying trends in the Qatari labour market.
The Peninsula
