4-minute read /
How UAE employers can potentially strengthen employee motivation, loyalty and retention by engaging with them about an alternative end-of-service benefits scheme.
In today’s competitive business environment, offering employees an enhanced and flexible alternative to the traditional UAE end-of-service benefits (EoSB) scheme is so much more than a regulatory requirement; it’s a strategic tool for attracting and retaining top talent. As more organisations transition from the traditional UAE gratuity scheme to alternative end-of-service benefits, clear and transparent communication is essential.
Signing your organisation up to an alternative EoSB scheme, such as the Ghaf Benefits enhanced alternative EoSB plan, could potentially unlock significant value for your business and your people. It not only outsources administration and reduces cash-flow volatility but also delivers significant opportunities for employees – enabling them to generate potential investment returns and take charge of their long-term financial wellbeing.
Communicating during the transition to an alternative EoSB scheme
Switching from a traditional end-of-service gratuity scheme to the Ghaf Benefits plan, powered by Lunate, is a major change for any organisation. Beyond operational adjustments, ensuring employees understand and embrace the new approach is crucial. Open and proactive dialogue with your employees before, during and after the switch can:
-
Build trust and transparency around alternative end-of-service benefits.
-
Highlight the advantages of the plan for employees.
-
Reiterate your company’s commitment to employee financial security and wellbeing.
-
Reduce uncertainty and address common concerns about the new approach.
Delivering a unified message to your employees
It is vital that your leadership, management and HR teams are fully briefed on the differences between traditional UAE gratuity and the enhanced alternative EoSB plan. Ghaf Benefits will provide all the information you need to educate key stakeholders so that they can confidently answer employee questions and support the transition to the new EoSB solution.
Consistency is key when it comes to reinforcing key facts and benefits of the plan:
-
Explain why your organisation is adopting the new plan. Emphasise your commitment to employee financial wellbeing and how the new approach supports both organisational efficiency and financial growth for employees.
-
Highlight how the UAE’s alternative end-of-service benefits scheme allows employees to earn investment returns from their EoSB, helping them achieve their financial goals and protecting their savings against inflation.
-
Showcase the range of investment options available, including conventional and shariah-compliant funds, that empower employees to tailor their end-of-service benefits to their risk appetite and values.
-
Instil confidence in your team by highlighting that Ghaf Benefits is MOHRE-approved and SCA-regulated, ensuring security, protection and transparency.
By communicating the value of your Ghaf Benefits plan clearly and consistently, you can drive employee engagement, build a shared sense of trust and position your organisation as an employer of choice in the UAE. With Ghaf Benefits, you have the confidence of knowing that the plan is providing your employees with unmatched flexibility, growth potential and regulatory assurance – delivering value for your business and empowering your employees to take control of their financial future.
To learn more about how Ghaf Benefits can empower your organisation and your employees for what comes next, please contact our client services team at +800-0-444-5068 or email eosbenquiries@ghafbenefits.com.
Disclaimer
The Lunate End of Service Benefits Fund (“Lunate EoSB”), known as the Ghaf Benefits Plan, is managed by Lunate Capital LLC and its affiliates. The material provided is for informational and educational purposes only, not investment, legal, tax, accounting, or professional advice, nor an offer to buy or sell any securities or products. Recipients should seek independent professional advice before making decisions. Past performance or historical data are illustrative only and not indicative of future results, and forward-looking statements involve risks and uncertainties. Lunate does not guarantee the accuracy, completeness, or reliability of the material and disclaims liability for any losses, damages, or errors arising from its use. Redistribution is prohibited without prior written consent. While the Lunate EoSB is authorised by the UAE Securities and Commodities Authority (SCA), such authorisation does not represent endorsement or guarantee.
