Welcome to Cooper Fitch’s 2017 H1 Salary Guide for the United Arab Emirates.
Welcome to Cooper Fitch’s second Salary Guide for 2017. We felt that with the many changing circumstances this year, we would review where salaries are, at the half way point in 2017. The guide details the influential industry developments from 2017 and highlights which sectors have experienced a change in salary figures covering professional (mid to senior level) jobs across the United Arab Emirates (UAE). Cooper Fitch is a specialist recruitment firm based in the UAE offering recruitment, HR advisory services and executive search, servicing clients throughout the Middle East since 1997.
We are delighted to present our findings and share valuable insights into the region’s employment and salary trends found in key sectors. This guide summarises our salary expectations and recruitment forecasts for the second half of 2017 and we base all of our salary predictions on information provided by organisations located in the UAE, as well as market observations from our own experts.
Our research has shown that the outlook for 2017 is improving and market sentiment looks reasonably positive. Following January's prediction, the economy appears to be stabilising after a volatile period in 2015 and 2016. This has resulted in the majority of salary packages plateauing for the year and has led to a more stable job market in the Middle East.
Notable changes which have occurred have been in the Digital and Manufacturing industry in the effort to increase their contribution to the regions GDP. The increased focused on the digital sphere was triggered by the launch of His Highness Sheikh Hamdan's Blockchain Strategy in order to cement Dubai's reputation as a global technology leader. Whereas, large investments have been made in the manufacturing industry in an endeavour to increase the regions non-oil private sector GDP.
The implementation of VAT has had a positive impact on both the technology and finance sector as it has created new VAT roles in the Middle East. The technology sector has experienced a need for business to update their ERP systems while all industries are requiring VAT implementation specialists. Ultimately, this has furthered the demand for attracting international talent to the Middle East.
In summary, the outlook for 2017 remains positive and It is likely that salaries will continue to increase but rather by 2-3% as opposed to January's prediction of 5-6%.
Cooper Fitch specialises in recruiting for –Auditing and tax jobs, legal jobs, strategy, banking jobs and accounting jobs, sales jobs, marketing jobs, technology jobs and digital jobs, compliance jobs, supply chain jobs and manufacturing jobs, construction jobs and engineering jobs and technical sales jobs.
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