A senior official at the Khalifa Fund reported that Dh 440 million has been allotted to support the process of Emiratisation.
Labour Minister Saqr Gobash Saeed Gobash stated that this Fund will be offered to Emiratis who are working within private businesses and do not have the perks and benefits of those employed within the public sector. He noted that financial enticements should shorten the gap between those citizens employed in private and public sectors.
These funds will target the training needs of Emiratis as well, enabling jobseekers to meet the specifications of the available positions in the local market.
Gobash spoke in Dubai recently at a forum in the Human Resources Club, stating there will be fewer Emiratis ready for employment in the upcoming time period.
The minister stated that should current trends persist there will be over 200,000 Emiratis in search of employment in the next decade. Right now there are about 35,000 out of work Emiratis.
He also noted that it could be challenging to recruit Emiratis into the private sector, since they are not keen on the working conditions in this sector, including extended work hours, fewer holidays and lower wages.Andrew Reid, Staff Writer, Gulf Jobs Market News