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Recruitment services provider, Morgan McKinley said job opportunities are anticipated to rise by approximately +2% to +3% and salaries predicted to increase modestly by an average +5% to +6%. The figures come from the firm’s latest UAE Salary Guide for 2013 providing insight into hiring and salary trends over the past few months and predictions for the remainder of the year.
Morgan McKinley’s UAE Salary Guide highlights that the UAE with a GDP growth rate of +3% has been outperforming other regions around the world. As a result, confidence is returning to the business environment which is filtering through to the hiring market. 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 remainder of the year include accountancy, sales and procurement. The construction industry is also predicted to see an increased requirement for professionals.
Despite a fall in oil prices, the oil and gas sector continues to have a positive outlook in 2013 with salaries set to grow by +5.1% in 2013 within the energy sector. This trend is driven by a sector-wide effort to retain and attract talent, the report found.
Morgan McKinley also noted significant pay increases across the disciplines of engineering, procurement and construction contractors in the oil and gas sector, while mid to senior level pay rates held steady.