INTERNATIONAL UAE: Job opportunities up on 2009 and 2010, but still lag on last year
5 September 2012
Professional recruiter Morgan McKinley reports that mid-management level upward job opportunities within its four specialist divisions are up across the board on 2009 and 2010, but 40% down on the same time last year.
Wed, 5 Sep 2012
Professional recruiter Morgan McKinley reports that mid-management level upward job opportunities within its four specialist divisions are up across the board on 2009 and 2010, but 40% down on the same time last year.
This is according to its UAE Salary Guide 2012, which looks at banking & financial services, accountancy & finance, technical and sales, marketing & support jobs.A particular boom area for jobs has been in the emirate of Abu Dhabi, and private sector roles are much more heavily represented among new jobs than at any other point in the last five years.
Comments newly-appointed UAE managing director at the firm Trefor Murphy: “As the economic boom reached its zenith, Gulf Business talked of a ‘war for talent’ in the UAE as salaries sky-rocketed in line with increased demand for highly qualified expatriate and local candidates. The following downturn cut deeply into the workforce and rightsizing of both salaries and headcount was all too apparent.
“The last two years have seen a further correction and we are left with a more stable salary structure inline with inflation: acute salary swings will be restricted to disciplines with a skill set or language shortage. For everyone else, a remuneration uplift of over 15% is likely to remain a distant memory.”
Professional recruiter Morgan McKinley reports that mid-management level upward job opportunities within its four specialist divisions are up across the board on 2009 and 2010, but 40% down on the same time last year.
This is according to its UAE Salary Guide 2012, which looks at banking & financial services, accountancy & finance, technical and sales, marketing & support jobs.A particular boom area for jobs has been in the emirate of Abu Dhabi, and private sector roles are much more heavily represented among new jobs than at any other point in the last five years.
Comments newly-appointed UAE managing director at the firm Trefor Murphy: “As the economic boom reached its zenith, Gulf Business talked of a ‘war for talent’ in the UAE as salaries sky-rocketed in line with increased demand for highly qualified expatriate and local candidates. The following downturn cut deeply into the workforce and rightsizing of both salaries and headcount was all too apparent.
“The last two years have seen a further correction and we are left with a more stable salary structure inline with inflation: acute salary swings will be restricted to disciplines with a skill set or language shortage. For everyone else, a remuneration uplift of over 15% is likely to remain a distant memory.”
