Oman is a crucial GCC nation and is renowned around the world for internationally open and business-friendly nature. It is a relatively small nation with a population of around four and a half million, though it is well developed and experiences regular growth.
Oman's population is somewhat different in its makeup than its neighbours. Its population consists of around 45% expatriates, and while this is significant, it is much lower than the likes of the UAE, Kuwait and Bahrain.
Recently there has been a significant push for privatisation in the country. A crucial reason for this is as follows. It will allow for higher levels of government freedom as well as more economical processes in the areas that are privatised. However, before privatising in such a way, it is essential to consider all individuals involved and make appropriate plans.
Protecting Employees in the times of Change
Privatisation brings about many changes, with the most obvious being a change in management and leadership. Organisations and government branches involved will see numerous changes. The one to bear in mind here is that many employees may lose their jobs due to the streamlining of organisational structures and more.
The new privatisation regulation looks to provide security to those who will likely be impacted. In Oman, The Public Authority for Privatisation and Partnership is a vital organisation in ensuring just this. The primary goal is to make sure as many jobs are retained as possible, though if this is not possible, settlements should be reached.
This change is to receive its implementation alongside the overall privatisation efforts. Further to this, the PAPP is to play a crucial role and mainly manage the matter.
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