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UAE Job Market Improves But Not the Salaries

Dubai, UAE : 30 May 2010

Finanical, Marketing, HR and Sales appear to be the winning sectors

A survey of 92 recruitment and HR professionals with an interest in the Gulf has indicated there is reason to be cheerful about the UAE jobs market. The poll, conducted by marketing research company Insight Discovery, with Pink Slip Dubai reported that 64% of respondents had seen a more buoyant jobs market in the past year, specifically in the Financial, Sales and Marketing industries.

The market for human resources jobs is also improving but construction and real estate jobs continue to suffer a downturn.  Still a significant majority (80%) of those surveyed gave estimates of the overall job market improving by anything between 5% and 20% as compared to a year ago.

Salaries, on the other hand, are not quite as full of bounce, with half the respondants suggesting that pay levels have remained the same and 36% actually seeing a decrease of anything between 5 and 25 %
since 2009, with Dubai and to a lesser extent, Abu Dhabi being the worst affected.

According to the Emirates Business, Carmichael Fishers’ MD, Craig Pointon, described the competition for jobs as “fierce” with organisations spoilt for choice as “mainstream” jobseekers fought for scarce¬† positions. Mr Pointon further stated that candidates could command premium salaries, not unlike those of 2007 and 2008 across some of the more “senior leadership roles” and niche industry sectors.

Stagnant salaries could be one reason why the report states that 91.3% of respondents say that candidates are willing to relocate elsewhere, with Mr Pointon adding that Saudi Arabia and Qatar appear to be most active in hiring currently.

Paul Holdsworth, Staff Writer, Gulf Jobs Market News
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