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UAE – Healthy salary rises predicted in 2014

16 January 2014

A new report from recruitment firm Morgan McKinley suggests that professional job opportunities will rise by between +8% and +10% across the Middle East and North Africa (MENA) region in 2014, with salaries expected to grow by as much as +6% to +8%. 

Following a relatively subdued 2012, and the lingering impact of the Eurozone crisis on recruitment, economic confidence returned to the UAE in 2013, according to the latest Morgan McKinley UAE Salary Survey Guide. The recruiter forecasts that this restored positivity will continue to gain momentum throughout 2014, as the region focuses on the infrastructure, tourism, and construction sectors.

Based on observations from the past year, together with hard facts and figures on gross salaries, the Salary Survey Guide 2014 provides a barometer of professional employment activity across a number of sectors; including banking and financial services, accountancy and finance, energy, construction, supply chain and procurement, manufacturing and office support. 

Trefor Murphy, Morgan McKinley’s UAE Managing Director, commented: “The survey points to a number of key growth areas for 2014, in terms of both job opportunities and salary levels.  Rising levels of demand for consumer goods means that sales & marketing and supply chain professionals will be particularly sought after across the Gulf region.  Elsewhere, we’re seeing a growth in opportunities for power generation professionals, triggered by the boom in activity across both the green and traditional energy sectors.  Meanwhile, inward and local investment in sectors such as FMCG, packaging and chemicals is creating demand for manufacturing professionals, especially those with knowledge of techniques such as Six Sigma, as well as accountants.”

“With many new projects announced recently, there is a particular requirement for specialists in the construction oil & gas industries, with Iraq especially short of oil industry experts.  Finally, with the three main credit rating agencies improving their ratings, the high level of business activity, and improvements in balance sheets and liquidity, the banking and financial services sector is experiencing buoyant employment levels,” he added. 

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