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Gulf Jobs Grow

17-May-12

GRG - The Global Recruiter

A report from the Gulf Recruitment Group has suggested the job market in the United Arab Emirates (UAE) which expanded last year will continue to do so in 2012. Mulitnational and local businesses alike are confident of increased economic activity this year, leading to an increase in recruitment across the region. By the end of the year, the receiving and placement of live mandates had increased by 46 per cent compared to 2010 and this trend is expected to continue.

In all, 93 per cent of businesses surveyed said they planned to hire during the first quarter of the new year, although there is still some caution among these organisations. While recruitment rates are initially expected to remain on a level with those of 2011 there are brighter prospects for companies operating in the Fast Moving Consumer Goods, pharmaceuticals and construction sectors. The financial sector, including investment banking, retail and corporate banking may still experience challenges while the insurance industry should enjoy more positive conditions.

Large regional and public projects are contributing to the optimism felt by employers. Higher demand is forecast for the construction industry in the first two quarters of 2012 with 17 per cent of companies surveyed implementing manpower plans. However, these projects will also impact on other sectors in the region.

International influences have played their part on the area’s employment fortunes. When economic problems across the US and European economies affected the banking sector, the UAE saw its business slow down rather than trigger layoffs. Meanwhile the ‘Arab Spring’ effectively pushed businesses away from these troubled areas and into the UAE, where stability created a safe haven.

Pay rises of higher than 30 per cent for UAE government employees has now put pressure on employer in the region which is likely to result in higher salaries within the private sector.

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