Saudi Arabia will introduce a new salary management service by the end of 2020, the Saudi Press Agency reported.
The new service mainly aims for small and medium enterprises and aims to attract employees to highly-organized businesses, Abdulrahman Al-Hasini, technical support manager at the General Organization for Social Insurance (GOSI) said.
He added that payroll cards will be issued to Saudi and expat employees, who are not required to open personal current accounts with banks.
The new service will be non-obligatory and will be offered at a very low cost and data from all facilities and employees will be accurately registered at GOSI.
Al-Hasini explained that it would also help human resources departments manage salaries, register wages and easily submit relevant data to the Ministry of Labor, Social Development and GOSI.