UAE has highest private sector salaries in the region
UAE private sector employees are well-paid as compared to their counterparts in the rest of GCC countries, according to a study.
The study, conducted by a Dubai-based company found that salary increase in UAE's private sector companies rose to 14 per cent as compared to 12 per cent in Oman, 10 per cent in Qatar, 9 per cent in Bahrain, 9 per cent in Kuwait and 8 per cent in Saudi Arabia.
According to the study which was conducted by Fursan Al Hayat Company, the private sector salaries are the best in the region.
Conducted between June 2006 to June 2007, the study covered a number of companies in the service, banking and finance, insurance, real-estate and oil sectors.
Dr. Ali Sharab, a management consultant and CEO of Al Fursan Company, attributed these high salaries to stiff competition for qualified cadres, especially in the services sector. Other factors include, rising costs of living and rapid economic growth.
"Companies should embark on long-term plans to maintain their employees because these employees are constantly changing jobs in search of better salaries." he said.
To avoid constant mobility of experienced labour, companies should keep their employees by offering them shares in the company and providing them with training opportunities. In other words, they should be made to feel as part of the company.
/WAM/
The study, conducted by a Dubai-based company found that salary increase in UAE's private sector companies rose to 14 per cent as compared to 12 per cent in Oman, 10 per cent in Qatar, 9 per cent in Bahrain, 9 per cent in Kuwait and 8 per cent in Saudi Arabia.
According to the study which was conducted by Fursan Al Hayat Company, the private sector salaries are the best in the region.
Conducted between June 2006 to June 2007, the study covered a number of companies in the service, banking and finance, insurance, real-estate and oil sectors.
Dr. Ali Sharab, a management consultant and CEO of Al Fursan Company, attributed these high salaries to stiff competition for qualified cadres, especially in the services sector. Other factors include, rising costs of living and rapid economic growth.
"Companies should embark on long-term plans to maintain their employees because these employees are constantly changing jobs in search of better salaries." he said.
To avoid constant mobility of experienced labour, companies should keep their employees by offering them shares in the company and providing them with training opportunities. In other words, they should be made to feel as part of the company.
/WAM/
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