A new report by recruitment consultancy Michael Page has unveiled the current recruitment and compensation trends in the Middle East region. The 2020 Middle East Salary and Skills Guide has revealed how top candidates in this region are looking for double-digit salary increases to move jobs in 2020. There is high demand for talented and experienced professionals especially from projects being rolled out under Saudi Arabia's Vision 2030 initiative. The demand is particularly high for property and construction professionals in the Kingdom.
Speaking about the UAE, Senior Managing Director, Page Group Middle East & Africa, shared in the report how some sectors in the country like Retail, FMCG and Luxury had also “picked up after three years of slow activity, probably in preparation for Expo 2020.”
Another notable trend is the increase in demand for national candidates in the UAE and Saudi Arabia in both the public and private sectors, including multinationals.
Recruitment activity is stable for roles in finance, procurement and supply chain, and there is also some demand for legal and consultancy experts due to regional challenges. The demand for new employees in the IT sector, especially data and digital experts, has risen prominently over the past one year, similar to the hiring trends in 2017 and 2018, as companies are now actively looking towards digital platforms as new sources of revenue.
The Salary Guide consists of salary benchmarks for 400 roles across 15 disciplines, including banking and financial services, finance and accounting, digital technology, consultancy, strategy and change, engineering and manufacturing, property and construction, oil and gas, healthcare and life sciences, human resources, legal, procurement and supply chain, retail, sales and marketing (B2B & B2C), secretarial and support. The information has been derived from Michael Page’s proprietary database which records details of job ads and placements. The complete report can be downloaded from Michael Page's website.