A minimum wage system would be an ideal way to resolve the issues in the UAE’s labour market, experts said at a forum here, adding that it had proved successful in many countries around the globe.
The experts, who are attending the two-day Second Human Asset Expansion Middle East Forum that kicked off at Dusit Dubai here yesterday, also opined that inflation, weakening dollar, and rising living costs had had a marginal impact on the labour market in the Middle East, including the UAE, as unlike in the past, professionals are now reluctant to seek jobs in the region.
The forum, which will conclude today, was inaugurated yesterday morning by the UAE’s Labour Minister, Dr Ali bin Abdullah Al Kaabi. Human resource experts from across the world are attending the forum.
Speaking to the media, Markus Wiesner, market leader-Middle East, Mercer International Resource Consulting said, although he backed the concept of minimum wage system for blue-collar workers in the region, it’s not easy to implement it as the authorities have to look into various aspects, including protecting the interests of companies. “It’s a tough decision to take as it’ll have a big impact on the market. It should be implemented step by step,” he said.
Commenting on the salary scales in the region, Wiesner said, “Merely salary hikes will not attract professionals. An environment for career growth and ensuring quality living is equally important,” he said.
Simon Blandford, principal consultant at Mercer Human Resource Consulting said the Middle East’s labour market has a shortage of talent because of inflation, rising living costs and weakening dollar. “Professionals have more opportunities to find jobs in other regions. In a global market, more opportunities are open and people have more choices,” Blandford said.
Mark Eaton, managing director of EMEA, Hay Group, opined that ensuring quality living and boosting educational facilities are key to the growth of labour market. “It’s important to have a competitive market. Even though salary is a major factor in attracting professionals, quality living conditions is equally important.”
Debabrat Mishra, consulting business leader, Middle East, Hewitt Associates said India’s economic boom and plummeting dollar value had made professionals from India hesitant to come here. However, he said, that by ensuring quality life and good education system, the Middle East region can still hope to attract professionals from the subcontinent. Source
The experts, who are attending the two-day Second Human Asset Expansion Middle East Forum that kicked off at Dusit Dubai here yesterday, also opined that inflation, weakening dollar, and rising living costs had had a marginal impact on the labour market in the Middle East, including the UAE, as unlike in the past, professionals are now reluctant to seek jobs in the region.
The forum, which will conclude today, was inaugurated yesterday morning by the UAE’s Labour Minister, Dr Ali bin Abdullah Al Kaabi. Human resource experts from across the world are attending the forum.
Speaking to the media, Markus Wiesner, market leader-Middle East, Mercer International Resource Consulting said, although he backed the concept of minimum wage system for blue-collar workers in the region, it’s not easy to implement it as the authorities have to look into various aspects, including protecting the interests of companies. “It’s a tough decision to take as it’ll have a big impact on the market. It should be implemented step by step,” he said.
Commenting on the salary scales in the region, Wiesner said, “Merely salary hikes will not attract professionals. An environment for career growth and ensuring quality living is equally important,” he said.
Simon Blandford, principal consultant at Mercer Human Resource Consulting said the Middle East’s labour market has a shortage of talent because of inflation, rising living costs and weakening dollar. “Professionals have more opportunities to find jobs in other regions. In a global market, more opportunities are open and people have more choices,” Blandford said.
Mark Eaton, managing director of EMEA, Hay Group, opined that ensuring quality living and boosting educational facilities are key to the growth of labour market. “It’s important to have a competitive market. Even though salary is a major factor in attracting professionals, quality living conditions is equally important.”
Debabrat Mishra, consulting business leader, Middle East, Hewitt Associates said India’s economic boom and plummeting dollar value had made professionals from India hesitant to come here. However, he said, that by ensuring quality life and good education system, the Middle East region can still hope to attract professionals from the subcontinent. Source
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