A quarterly employment survey covering the hiring and firing activities of businesses around the world has found that although the level of hiring in the professional and manager levels of UAE firms has dropped slightly, conditions look to be improving for the next quarter.
Antal, a worldwide recruitment company, conducted the ‘Global Snapshot’ survey covering over 14,000 organizations in 47 nations. The firms were asked about current levels of firing and hiring occurring within the managerial and professional tiers. They were also asked what the plans were for the coming three-month period.
Current stats show that 46 percent of firms within the UAE are hiring, which is a dip from the 53 percent found in the September 2010 Snapshot survey.
Antal’s survey also found that just 10 percent of organizations within the UAE are letting managerial staff go.
The balance of the Gulf and Middle East regions also had high levels of hiring. In Saudi Arabia a full 76 percent of the firms surveyed are in the midst of hiring. And Qatar is also currently experiencing a high level with 73 percent of the organizations surveyed hiring.
In a global sense it is positive news to see the job market steadying itself and getting to the proper size. Tony Goodwin, CEO of Antal, commented that even though the current level of recruitment has declined 7 percent over last quarter’s figures, that stat is matched with the number of firms that are letting staff go – a figure that also declined 7 percent from the 23 percent level seen in the last quarter. Those figures make sense, given that recruitment activities dropped slightly due to a higher level of staff retention. And Goodwin noted that lower turnover means that the global market is more stable.
New opportunities are being revealed through the survey, such as the potential for hiring within construction and banking, both sectors that were labeled as sluggish. More than 60 percent of the firms surveyed from those sectors are set to hire in the coming quarter, according to Nizar Lallani, the CEO of Antal Gulf. Lallani stated that hiring within the leisure, technology, energy, retail and FMCG sectors is still steady as these are core area of the Gulf region’s economy.Paul Holdsworth, Staff Writer, Gulf Jobs Market News