Managing Partner's Letter
As a recruitment agency, we are constantly asked about the state of the job market in the UAE and the challenges it faces. As we start this new decade – and especially as Dubai Expo 2020 draws nearer – the questions surrounding the industry continue.
We have therefore surveyed over 200 companies in the UAE to put together this concise and informative market report. We hope it will help map out where we see the industry going over the next 12 months and beyond.
Following the results of our market study, we are seeing there is ...is an increased appetite for hiring in 2020 with 76% of the companies we surveyed looking to increase their Emirati headcount. However, according to 42% of the companies in our report, salary expectations need to be adjusted in order to achieve these hiring goals. Another challenge that has cropped up in our report is the shortage of desired skills in the UAE workforce.
As the future of work evolves, companies are looking to fill this skills gap by retraining their current employees, something which is key to both employee retention and business success. In terms of Emiratisation, our study shows that the financial sector is leading the way with the introduction of the new points system. Although still in its initial phase, the new system has already started positively changing the long-term dynamics of nationalisation within the industry.
We hope the results of our market report help you with your HR strategy for 2020. For further information on Emiratisation, please feel free to contact us.