Following the strongest year in a decade for the job market in the UAE, some companies are planning to increase salaries of employees by more than 10% next year, according to a study released by Cooper Fitch, a global recruitment and HR consultancy.
The report showed that more than half (57%) of the companies in the country expect to increase salaries with 5% of the firms likely to boost salaries between 6% to 9% next year Only 23% of the businesses said they don’t intend to make changes to employees’ salaries in the next 12 months.
The report surveyed business leaders responsible for key decision-making from 300 organisations across the Gulf.
The global recruitment consultancy revealed that the UAE’s job market has enjoyed its strongest year in a decade, with higher-than-anticipated demand across the public and private sectors.
“This activity has been fuelled in no small part by the healthy position in which the nation’s government finds itself, as well as its success in incentivising local and international funding for large projects,” said Trefor Murphy, founder and CEO of Cooper Fitch.
