Almost half of the UAE’s work force expect salary increase this year
Bayt.com has released its annual Middle East and North Africa Salary Survey and the results are interesting.
The survey conducted in collaboration with YouGov – a leading market research agency – found that almost half (44 percent) of those living in the UAE believe that their salary is set to increase this year while 24 percent believe that it will remain the same.
In terms of salary packages, the survey found that 58 percent of the UAE’s working force receive a basic salary as well as benefits in their compensation package. 24 percent stated they only receive their basic salary and 18 percent revealed that they receive their basic salary plus benefits and commission.
The survey also touched on the relation between loyalty and salary. Roughly 21 percent of those surveyed stated that their loyalty to their company was directly related to their salary while 31 percent stated otherwise.
Aside from monetary gain, career advancement and daily responsibilities were cited as the two main factors that employees in the UAE base their loyalty on.
The survey found that 55 percent of those who were unhappy with their current company are currently looking for a better job in the same industry while 45 percent are looking for a better job in another industry. Only 15 percent stated that they are looking for a better job in another country.
We have some good news for the remaining 85 percent looking for a new job in the UAE. According to the latest Middle East Jobs Index, there has been a three percent increase in the number of job postings from the end of 2016 to the end of March this year.
Job areas that have seen the strongest growth in the last quarter include procurement and supply chain jobs as well as sales and marketing.
Speaking on the slight increase, the country head at Robert Walters Middle East, Jason Grundy told Arabian Business that there has been “evident signs of improvement in 2017, driven by a more stable oil price in the UAE”.
“While market conditions remain challenging for some sectors, especially legal and banking and we note the reduced number of roles between both years, I am pleased to see some sectors, in particular supply chain and sales and marketing, are seeing an increase in the vacancies advertised,” he said.