Dubai Employment News
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| About 31 percent of the professionals are ready to work for less salary in their next job, if redundancy becomes a reality, while 25 percent have already accepted employment in a different country from their families, reveals the latest survey report conducted by Bayt.com, the number one job site of Middle East, together with the research specialists YouGov. Almost half of UAE residents (43 percent) have reduced their household expenses owing to the current recession, the highest cut among all of the countries surveyed around the Middle East, reveals the study report. However among all surveyed countries, only 30 percent of professionals have cut down their household spending, while just over a quarter of respondents have increased their household budget. The CEO of YouGov –MENA region, Nassim Ghrayeb, said that in a similar research conducted during the past six months, the UAE consumers are cutting back considerably in their spending. The trend of being more budget-conscious is set to continue in the short-term. The reasons cited by the professionals for cutting down their household expenses were recession (the most common answer) by 43 percent of residents. This was closely followed by cutbacks, as few respondents had lost their jobs. Even here, the UAE’s figures were the highest in terms of cutting down household spending due to job losses (45 percent), followed closely by Kuwait (44 percent) and Egypt (41 percent). Only 31 percent of all respondents agreed that they would be willing to accept a lesser pay, while 45 percent stated that they wouldn’t settle for anything less. The figure was higher than average with 38 percent of respondents stating that they would be willing to accept a lower salary, while 48 percent stated in the negative. The figures around the region were also much the same. According to Amer Zureikat, Regional Manager, Bayt.com, the general notion is that the recession has had its impact on the region, and this manifests itself in the attitude of professionals working here. The study titled ‘Surveying the Recession’ was carried out to study consumer opinions and their struggles during the global economic turmoil, and to understand the impact of recession at a personal level, and how it had affected the consumer spending and savings. The data for the study was collected online from 26th May to 28th June 2009, with 12908 respondents across the Qatar, KSA, UAE, Kuwait, Oman, Syria, Jordan, Bahrain, Morocco, Egypt, Tunisia, Pakistan, Lebanon and Algeria. All nationalities were included in the study. Posted on 20/7/2009 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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