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Recruitment services provider Morgan McKinley today released its latest UAE Salary Guide for 2013 providing insight into hiring and salary trends over the past few months and predictions for the coming year.
It highlights that despite the ongoing global economic issues, the UAE has outperformed other regions in the world with a GDP growth rate of 3%. As a result, confidence is returning to the business environment which is filtering through to the hiring market. Job opportunities are anticipated to rise by approximately 2-3%. Salaries are predicted to increase modestly by an average 5-6%.
Financial services & banking is identified as a sector set for growth in hiring. Other skills which are likely to be in demand by employers across the region over the year include accountancy, sales and procurement. The construction industry is also predicted to see an increased requirement for professionals.
Trefor Murphy, managing director at Morgan McKinley UAE said: “We were very pleased to hear that employers and professionals in the hiring market across the UAE valued our Salary Guide in 2012, so we have taken the same time and effort again to provide intelligence that will help guide hiring managers into making key recruitment decisions over the course of 2013.
“We also aim to inform those looking for new professional jobs in the UAE. Our Salary Guide presents up-to-date information on what they can typically expect to earn and the various factors that are impacting remuneration and demand for talent this year. In addition it offers a look ahead to the rest of this year to aid those who want to understand more about the hiring market.”
To access the full version of the guide, click here.