Bringing you our latest news
Home > Latest News

LATEST NEWS

Confidence to boost hiring

21-Dec-11

Mark Timms - Khaleej Times

DUBAI — The business community in the UAE is confident that a better year is ahead and a large number of employers have planned to increase manpower next year, according to an executive recruitment company.

Growth in the UAE workforce has continued at a steady pace throughout 2011 and this is set to continue into 2012 with a majority of UAE companies forecasting an increase in their employees, according to the latest review conducted by the Gulf Recruitment Group, or GRG.

UAE companies including multinationals and leading local companies have expressed strong confidence that 2012 will see accelerated business activity and that will attract more hiring in the UAE and the wider region, according to GRG.

“Our market review suggests it will be a good start to the year when it comes to hiring in the UAE,” GRG director Mark Timms said in a statement. The group is one of the UAE’s leading executive recruitment firms that specialises in financial, marketing, sales and HR recruitment for positions across the Gulf region

Surprisingly, the construction sector is expected to hire next year along with FMCG and pharmaceutical sectors. But corporate and banking sectors look less attractive for new employees.

“Overall, employers anticipate a continued hiring pace compared to 2011, with the brightest job prospects reported by employers in the FMCG, construction and pharmaceutical sectors. On the other hand, opportunities in the corporate and retail banking sector are expected to be more challenging while the investment banking sector intends to maintain the same level of employment as the last year. There will however be some good news for candidates seeking careers in the insurance industry though,” Timms said.

Employers in the country are planning to improve their recruitment strategies for the coming year offering job seekers a reason to celebrate in the run up to the Christmas season. More than 90 per cent of employers in GRG’s client circle anticipate increasing their head count in 2012, but will be looking at recruiting much more cautiously in the first quarter, according to GRG review findings.

GRG has seen a positive upturn this year with an increase of 46 per cent in live mandates received and placed in 2011 compared to 2010 and envisions this to improve significantly throughout 2012. The construction sector will see increased demand in the first two quarters of 2012 with 17 per cent of organisations reviewed having a manpower plan in place for next year. Job openings will be in project management and engineering especially out of the UAE, GRG said.

“It is very clear that the UAE economy is picking up in various sectors and with significant regional projects being announced, much of the expertise for these projects is being sourced from the UAE. We are already seeing situations where companies are competing for talent, and generally I believe we can expect for growth in Demand and Supply,” said Richard W. Turner, chief executive officer of Ecolog Development and Engineering, a GRG client.

The outlook for hiring in the financial services industry in 2012 is still uncertain across the region. “We have seen the regional banks lending in 2011 at a much better rate than before which does have a positive effect on business growth but with uncertainty over Europe and issues in both China and India the outlook for the interbank credit liquidity in 2012 is perhaps poor,” said GRG managing director Toby Simpson said.

With recruitment levels in general set to continue at a steady pace in the coming year, GRG aims to expand throughout the Middle East. They are looking at Iraq, Qatar and Saudi Arabia as the key growth markets outside the UAE and although recruitment in the UAE is set to pick up candidates should not ignore expanding their employment geographies.

Back to Latest News
All rights reserved ©