Just in:
HSBC Streamlines Gold Investment for Hong Kong Residents with Tokenized Product // Samsung Partners National Heritage Board to Bring a Slice of Singapore’s Cultural Heritage to Samsung The Frame TV // Emirates Post Speeds Up Deliveries for GCC with Special Day // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Ajman Celebrates Conclusion of Ramadan Activities with Grand Ceremony // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // Sunshine’s Debut Features Leave Tech World Scratching Its Head // German Job Market Resilience Bodes Well for Economic Recovery // No running of govt from jail, says Delhi Lt Governor // Hullabaloo About Electoral Bonds May End Up As A Whimper Pre And Post Poll // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress // Renewables Surge Sets Record, But Global Equity Lags // Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers // In Lok Sabha Polls In Punjab, AAP Is Advantageously Placed As Against Its Three Rivals // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One // 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 // Court Sides with Coinbase on Wallet Service, But Staking Program Remains in Limbo //
HomeFeatured BlogsGCC salaries to be less buoyant than in 2015, says Hays report

GCC salaries to be less buoyant than in 2015, says Hays report

UAE.

UAE. Hays GCC 2016 Salary & Employment Report, published today by recruiting experts Hays, found that 49 per cent of employers feel positive about 2016 compared to a higher 69 per cent who felt the same in 2015.

The survey, which was completed by over 2,400 employees and 200 employers, forecasts mixed fortunes for job candidates and salaries over the next 12 months. In 2015, 48 per cent of employees received no change to their salary, yet 45 per cent of those that did received an increase in excess of 10 per cent of their annual pay – a contrast of outcomes that is expected to continue into 2016.

ADVERTISEMENT

“There are many mixed messages around salary and expectations in the GCC hiring market.” Says Chris Greaves, Managing Director, Hays Middle East.

“On the one hand, the low energy prices and increasingly volatile political situation in the Middle East have led to companies being very careful when addressing any new risk and taking a cautious approach to growth in order to reduce costs.

“On the other hand, we continue to see a large amount of fluidity in the hiring market with much activity still to come, not least from the growing number of start-ups locating in the region. We are also seeing ongoing demand for candidates across a broad range of sectors as diversification of the economy, away from oil and gas, continues to intensify.”

The report found that a significant number of survey respondents (31 per cent) changed company in 2015 and 57 per cent intend to do so in the next 12 months. While this figure is down on findings from last year (78 per cent), there is much optimism with regards to salary and job prospects for 2016.

Sixty-five per cent of employees surveyed feel positive about their career prospects and 52 per cent of employers expect to increase their headcount in 2016. Furthermore, the survey found that 70 per cent of employers are expecting to increase salaries in their company in the next year.

Of the 50 per cent of survey respondents that received a pay rise in 2015, 25 per cent were individually determined rather than a company-wide increase (23 per cent). The report suggests that proactively seeking a pay rise is a productive strategy at a time when large-scale across the board increases are unlikely.

Hays GCC 2016 Salary & Employment Report
The Hays GCC Salary & Employment Report is an annual in-depth analysis of the hiring market and employee salaries within the GCC region. This is the second, and most comprehensive produced. 

The report explores the following specialisms: Accountancy & Finance, Construction & Property, Engineering, HR, IT, Legal, Office Support, Sales & Marketing, Supply Chain.

Notes on methodology
The report has been compiled using data gathered in Q4 2015 from over 2,400 employees and 200 employers based in organisations of all sizes throughout the GCC.
We have also used job listings, job offers and candidate registrations with Hays UAE to verify the survey results and give a rounded and detailed analysis of salaries and the employment market.

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

ADVERTISEMENT

ADVERTISEMENT
Just in:
Meta Earth Official Website Launch: The Pioneer Explorer in the Modular Public Blockchain Domain // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress // Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Ajman Celebrates Conclusion of Ramadan Activities with Grand Ceremony // German Job Market Resilience Bodes Well for Economic Recovery // Near Miss at Kolkata Airport: IndiGo Plane Makes Contact with Stationary Air India Express // Party Nominees Refusing To Contest: Major Perception Threat For BJP // Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One // US reiterates concern over Kejriwal arrest, Cong accounts // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // Renewables Surge Sets Record, But Global Equity Lags // Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” // HSBC Streamlines Gold Investment for Hong Kong Residents with Tokenized Product // Samsung Partners National Heritage Board to Bring a Slice of Singapore’s Cultural Heritage to Samsung The Frame TV // Sunshine’s Debut Features Leave Tech World Scratching Its Head // Emirates Post Speeds Up Deliveries for GCC with Special Day // Experts come together to support updating the city’s nature conservation masterplan // AI Boost for Galaxy Devices: Samsung Expands One UI 6.1 Update // In Lok Sabha Polls In Punjab, AAP Is Advantageously Placed As Against Its Three Rivals //