Just in:
US reiterates concern over Kejriwal arrest, Cong accounts // Andertoons by Mark Anderson for Fri, 29 Mar 2024 // No running of govt from jail, says Delhi Lt Governor // Melco Style Presents “SANRIO CHARACTERS STUDIO CITY CARNIVAL” – Explore a SANRIO World of Unlimited Love and Cuteness // Samsung Electronics Launches 2024 Neo QLED 8K, Neo QLED, and OLED Displays to Spark the AI Screen Era // Emirati Aid Reaches Ukraine as Food Shortages Bite // Hong Kong Crypto Exchange Application Stalled by US Lawsuit // Saudi Arabia Unveils Green Financing Tool to Achieve Net-Zero Goals // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // Digital Hub Unveiled: Xposure Launches Platform for Global Photography Community // Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // Ingdan Announces 2023 Annual Results // New Nylon Constant Torque Hinge From Southco Provides Position Control In A Compact Package // CABSAT 2024 Ushers in 30 Years of Media Innovation // French Leaders Gather for Interfaith Iftar Dinner // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // TUMI Hosts Global Launch Event in Singapore to Unveil Women’s Asra Collection and Announce Global Ambassador, Mun Ka Young // Octa seeks to clarify Forex swap and swap-free accounts // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards //
HomeEconomyAudit, HR likely to see most salary hikes

Audit, HR likely to see most salary hikes

|By TAP Staff| Starting salaries for professional occupations are expected to see modest rises over the next 12 months, according to the Robert Half 2016 Salary Guide.

Across professional occupations including finance and accounting, financial services, information technology, legal, and human resources and administration, salaries are expected to see an average rise of 1.7%. The roles that are the most difficult to fill are predicted to see salaries rising the most quickly in 2016, including internal auditors (8.9%) and learning and development managers (7.6%).

The Robert Half 2016 Salary Guide enables employers and employees to benchmark salaries for nearly 200 different permanent professional roles in the UAE.

ADVERTISEMENT

“Businesses are actively seeking skilled professionals for new roles and to fill open vacancies which is driving salaries rises well above average for in-demand roles, despite the region’s outlook facing some uncertainty. Hard-to-fill roles are experiencing higher than average pay rises due to the increased competition for these candidates,” said Gareth El Mettouri, Associate Director, Robert Half UAE.

Starting salaries for accountancy and finance roles in large companies (>250 employees) are predicted to rise at a faster rate than SME companies. There are higher rises on offer for roles within compliance and audit, reflecting the ongoing importance being placed on meeting regulatory and reporting changes. Overall, roles within accounting and finance can expect an average salary increase of 2.3%.

With increased spend on revenue generation being balanced against the need to remain compliant, skilled financial services professionals are in high demand. As such, the vast majority (93%) of finance directors reported that they are challenged in finding skilled financial services professionals. Average salary increases for financial services professionals are predicted to rise by 1.5%, while roles within compliance, and private equity and asset management are expected to receive salary increase above 3% on average.

Systems architecture and networking are expected to see higher than average salary increases within the technology functions. Roles expected to receive the highest raises include network architects (2.6%) and highly experienced enterprise architects (2.1%). Overall, technology roles are set to receive a modest average increase of 1.1% in this year’s Salary Guide.

Businesses are enhancing their talent pipeline by investing in the development of existing staff to support their medium to long-term growth goals. Senior learning and development professionals who are able to drive the programmes required for staff are in short supply. Average starting salaries for these roles are seeing higher than average rises, included learning and development managers (7.6%) and heads of learning and development (5%). Roles across HR and administrations are expected to see an average rise of 2.4%.

With increased construction activity taking place in the UAE, firms are increasing their in-house legal teams. Businesses are actively strengthening their legal teams with paralegals who have local market knowledge and are able to assist with the review of contracts and legal documents in Arabic, resulting in professionals with these skills receiving above average salary increases. Roles within the legal function, both in-house and private practice are predicted to receive an average starting salary increase of 1.4%.

ADVERTISEMENT

ADVERTISEMENT
Just in:
2024 Lok Sabha Elections Will Be The Costliest One Till Now In The Whole World // Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // Hong Kong Crypto Exchange Application Stalled by US Lawsuit // German Job Market Resilience Bodes Well for Economic Recovery // Melco Style Presents “SANRIO CHARACTERS STUDIO CITY CARNIVAL” – Explore a SANRIO World of Unlimited Love and Cuteness // Andertoons by Mark Anderson for Fri, 29 Mar 2024 // Ingdan Announces 2023 Annual Results // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Octa seeks to clarify Forex swap and swap-free accounts // New Nylon Constant Torque Hinge From Southco Provides Position Control In A Compact Package // Universal Language for Healthcare: General Authority Embraces Global Coding System // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // Global Audience to Witness Thrill of Dubai World Cup // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // No running of govt from jail, says Delhi Lt Governor // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // TUMI Hosts Global Launch Event in Singapore to Unveil Women’s Asra Collection and Announce Global Ambassador, Mun Ka Young // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! //