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Continued Recovery for Gulf Job Market is Evident

Middle East : 03 November 2010

Quarterly global survey of hiring and firing activity indicates that the Gulf is experiencing strong recovery within the professional and management levels.

Antal, the worldwide recruitment firm, conducted the “Global Snapshot” of over 9,100 organizations across 52 nations, covering hiring and firing activity within the professional and management levels.  Current and future hiring and firing activity was gathered.  It was stated that 56 per cent of Gulf businesses are currently hiring at those levels, which is an increase from the 48 per cent recorded in the June Snapshot survey.  Countries included in this extensive survey include Saudi Arabia, the UAE, Qatar, Kuwait, Oman, Yemen and Bahrain.

Survey results indicate that 20 per cent of firms within the Gulf are releasing staff at the management level, a decrease from the 21 per cent recorded in June.

Qatar is experiencing the highest levels of confidence, as 80 per cent of businesses are hiring currently and forecasts see that figure rising to 89 per cent in the next quarter.  Currently, 53 per cent of firms within the UAE and 49 per cent of firms in Saudi Arabia are hiring.

CEO of Antal, Tony Goodwin, noted that it is premature to state the economic challenges are over and done with, especially within the group of nations experiencing the pain of extreme budget cuts.  Goodwin did state the “financial Armageddon” that seemed unavoidable at the close of 2008 and the first part of 2009 seems to have passed.

He said that there has been a shift within the outlook of global executives and HR professionals that sees them turning from reducing and containing staff to sourcing talent and skilled staff to improve markets.  There is increased activity and competition arising as firms battle for that talent, after a long period of dormancy in that area. Gulf  jobs market in on its way up.

Paul Holdsworth, Staff Writer, Gulf Jobs Market News
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