Team shortlist01 Nov 2015 AT 10:11 AM

What kind of pay rise to expect in 2016

One industry is set for a hefty increase
Team shortlist01 Nov 2015 AT 10:11 AM
What kind of pay rise to expect in 2016

As December comes around and we look towards a new year, there’s one thing on many people’s mind: pay rise. According to the recently released Robert Half 2016 Salary Guide, most people are in for a small increase, similar to the instalment they received last year. However, some may be pleasantly surprised…

Those in auditing and human resources are expected to see the biggest wad of cash added to their pay cheque. 2016 could see some employees in these sectors get an increase of up to 8.9 percent. Learning development managers and HR professionals could be looking at a boost of 7.2 percent.

According to the survey, this is in line with the region’s most in-demand jobs, especially those which are hard to fill, or have less candidates than available roles on the market. As a result, companies looking to attract the best talent need to raise the bar – and that means higher salaries.

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UAE employees in financial services can also expect their bank accounts to get a lift, albeit smaller than HR and auditing. Roles within private equity and asset management may see their salary increase by over three percent, while compliance managers could receive five percent.

Other industries aren’t quite so lucky. Those in accounting, information technology and administration are likely to see an average rise of 1.7 percent.

Across the board, Robert Half predict that most UAE employees will receive a pay rise of between 4.7 and six percent next year.

So, for most, it looks like 2016 will be a similar story to last year, with a small increase of a few percent. As for a lucky few, you could be expecting a fat pay cheque coming your way.