The Ministry of Human Resources and Emiratisation (MoHRE) has encouraged private sector employers in Dubai to register for a voluntary ‘Savings Scheme’ as an alternative to traditional end-of-service benefits. This scheme aims to enhance employee financial security and retention by allowing workers to grow their savings through accredited investment funds. The initiative is cost-effective for employers and promotes a competitive labor market. Employees have the option to make additional contributions and can withdraw their savings upon contract termination. The scheme also offers flexibility for skilled workers in choosing investment options, while unskilled workers are limited to a Capital Guarantee Portfolio.