According to a study conducted by Hays, 57% of working professionals in UAE is looking to switch employers at some point this year. That’s 1 in 2 people!!! Cost per hire is through the roof so if an employee stays for only 2 years and the company has to keep finding replacements, soon it eats away into bottom-line profits and hinders growth.
By Mercer In order to attract and retain top talent, organisations need to offer benefits programmes that suit individual needs and life stages in addition to providing transparency and portability. More than just a legal requirement, benefits are an effective way of managing employment costs,…
By The HR Observer for the 21st Compensation & Benefits Forum 2017 2016 was a year marked by uncertainty across a wide range of global markets and industries. The GCC continues to feel the effects of this ongoing trend, despite many of the member states’…
The economic conditions have been shifting, impacting pay and benefits more than ever before. Wages in the United Arab Emirates are set to rise by an average of 4.6% in 2017, following an average increase of 4.9% this year
2016 is to be a less buoyant year for salaries in the GCC compared to the previous 12 months. While employers sentiment for the year ahead is positive, there is less optimism than in 2015. Hays GCC 2016 Salary & Employment Report, published today by recruiting experts Hays, found that 49 per cent of employers feel positive about 2016 compared to a higher 69 per cent who felt the same in 2015.
Nicos Nicolaides is Compensation and Benefits Director at InterContinental Hotels Group (IHG). Fresh from speaking at the Compensation and Benefits Forum in Dubai, he details the steps IHG has taken to improve its reward offering and how these now align better with business goals.
According to a survey of 1,021 UAE residents by YouGov, 46% hope to retire before the age of 60. Zurich’s survey also finds 36% of respondents expect to live in retirement between 10 and 20 years with another 39% expecting to be retired for over 20 years.
For the 3rd year, this research study, conducted with 161 GCC organisations across the full spectrum of industry sectors, highlights the continuing need to manage and control C&B budgets to avoid spiralling costs, whilst simultaneously motivating the workforce.
GCC wages are set to rise at an average of 5% in 2015, rebounding from a brief dip to 4.8% last year, according to Towers Watson’s latest Salary Budget Planning report. However, figures collected from general industry indicate that this rate of salary will descend back to 4.8% into 2016.