Dubai Employment News
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| Salary levels of expatriates working in property and construction sectors have fallen by 30 percent during the past 8 months across the GCC, according to data by APG Global, an Australian-based recruitment agency. The decline follows a four-year hiring boom, when the companies used to pay above-market hiring rates to hire staff to fill positions for construction projects. Following the staff redundancies observed in the two sectors, the employers are now making the most out of the pool of applications they receive for fewer positions. For instance, a Development Director was earlier offered a salary of Dh.70,000 is now offered a salary only in the range of Dh.50,000 to Dh.55,000. Similarly, a Project Manager or an Engineer earning up to Dh.55,000 per month last September, can now only earn about Dh.45,000. The Associate Director-Operations of APG Global, Joanne Robertson, has warned companies from making any further deductions, as they may not have enough staff once the market re-bounds. Robertson has also advised companies against reducing salaries below market rates, and to maintain the levels in line with the appropriate salaries. The companies are willing to pay beyond the prevailing market rates in order to get the right people, as there was lack of people. However, they end up losing staff when the market rebounds, and the cost of hiring new personnel would far outweigh the cost of giving them a reasonable salary in the first place, he said. According to Matthew Taylor, the International Director at the UK-based recruitment firm, the recent redundancies in the property sector has left several employees more willing to make sacrifices with their salary. Also, Dubai employment benefits such as cost of relocation, car allowances and accommodation also needs to be re-worked. APG Global has a vacancy of 80 to 100 positions, compared to 650 during last September, while the number of applications being received for each vacancy has growth to 22 from 7. Most of the hiring is happening in Qatar and Saudi Arabia that are less affected by the downturn. Posted on 22/2/2011 Read more newsThree new industrial parks likely to boost job prospects in Abu DhabiPositive outlook for UAE jobseekers in 2012UAE workforce to witness steady growth in 2012Pay hike on the agenda for UAE employees in 2012UAE residents unsure about job stability and new jobs in the marketImproved recruitment activity in UAE during 1H 2011Job redundancies unlikely in UAEEmirates Airline to conduct 77 recruitment fairs across the globePromotions without pay hikes, now a common trendUAE records growth in hiring process during summer monthsMonsterGulf launches Return2Home recruitment initiative for expat nationalsNew properties to generate 1000 new jobs in UAE this yearUAE salary levels most competitive in the region, say expertsRevised minimum wage policy likely for migrant Indian workersTawdheef 2011 opens on 25th January with over 2500 job vacanciesUAE job market to be streamlinedMore than half of the employers to recruit in Q4 2010Dubai among top five destinations of choice for employmentAll companies in Dubai must abide by Wage Protection SystemCompanies failing to pay timely wages will be referred to Labour Court |
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