Source: Emirates 24|7
Qatar has the highest average pay while lowest pay hikes will be in Bahrain and Kuwait, says expert
Employees in countries like Saudi Arabia, Qatar and Oman are likely to see the best pay hikes among Gulf nations this year, according to an expert in the recruitment industry.
Shane Phillips, MENA Regional Practice Leader, Financial & Professional Services at Stanton ChaseStanton Chase believes that these three countries will see employees taking home more in the New Year.
“Best pay increases will be in Saudi, Qatar and Oman. Oman is already about 20 per cent below average salaries in UAE, KSA and Qatar – so they are going to need to raise salaries if they want to hire qualified people. Lowest pay hikes will be in Bahrain and Kuwait as these two geographies will continue to struggle as they move forward,” he told Emirates 24|7.
However, there are some experts who opine that salary hikes will not be limited to one particular country or industry but will be more case and individual specific.
“There is not a tendency in region, country or sector for salary decreases. These will be connected mainly with the performance of a specific company and the specific person. Similarly, with the exception of the remuneration offered to nationals in the governmental sectors of specific countries, there are no expectations of massive increases in salaries. Increases will be connected again with the performance of the company and of the specific person,” Konstantina Sakellariou, Partner, Marketing& Operations Director at Stanton Chase told this website.