The Cooper Fitch Salary Guide for Manufacturing & Supply Chain represents the predicted market-rate salary ranges for new recruits across the Kingdom of Saudi Arabia for 2020.
2020 is set to be a busy year for manufacturing in Saudi Arabia. In line with Vision 2030, there are numerous large-scale developments commencing in the kingdom and quality recruitment activity in the early stages of these projects will be critical to their future success. Companies and the Saudi government are looking to build robust and reliable supply chains and seek fresh talent to ensure deadlines are met.
Salaries for manufacturing jobs rose in 2019 as market activity grew, and the expectation is the growth in market salary ranges will continue into 2020 by 2%. The most in-demand roles are research and development (R&D) and procurement, while technical advisors are needed across all industries to deliver specialist projects.
However, despite high levels of activity, businesses firms could face recruitment challenges in 2020. In 2019, many organisations clients struggled to attract talent, often due to fierce competition between the public and private sectors firms for quality candidates. What is more, with a large workload of project activity already underway, companies firms are busier than usual and have less time to devise considered hiring strategies.
Nationalisation of the workforce is another challenge, as high demand for Saudi national talent to meet the requirements of Saudisation is creating fierce competition for talent.
To secure and retain the best talent, businesses should employ professionals that are the right cultural fit for their organisation. They should also invest in employees’ career growth and future job satisfaction. Learning and development programmes are key here, as are clear guidelines to individual staff as to how they are progressing on the career ladder and positive feedback on how they are impacting the business, to increase motivation and commitment.
Overall, there are some major growth drivers for the Saudi manufacturing and supply chain, not least a forecast $70 billion of investment into manufacturing in the kingdom that is expected to contribute to estimated 7.5% annual growth in the industry.
The Saudi government is building new R&D facilities as one of the lynchpins of future economic growth. Significant funding, for example in the form of loans from the government’s Saudi Industrial Development Fund (SIDF), will help to boost the industrial and manufacturing sector in 2020 and contribute to a positive outlook overall.
Recruitment activity is expected to centre around Dammam and Khobar in the east, as well as statebacked mega-projects in the West, and the capital city of Riyadh.
Download the full Manufacturing & Supply Chain Salary Guide 2020 here
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