Glossary / Compensation
Compensation

DEWS

DIFC Employee Workplace Savings — mandatory employer-funded savings plan that replaced end-of-service gratuity in DIFC in 2020.

What is DEWS?

DEWS is a defined-contribution workplace savings scheme that all DIFC employers must contribute to on behalf of employees since February 2020.

How it works

  • Employer contributes 5.83% of basic salary monthly (for employees <5 years' service) or 8.33% (5+ years') — equivalent to old gratuity accrual.
  • Funds are invested by a licensed administrator (Equiom is the default master trustee).
  • Employees can top-up voluntarily.
  • Balance is portable and paid out on leaving DIFC employment.

Sources

  • · DIFC Employee Workplace Savings Scheme, difc.ae

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