Confidence in Dubai Job Market IncreasesBy Shayan Khan • Jan 12th, 2010 • Category: Misc • 3 Comments
A new survey carried out by Robert Half, the world’s leading specialised recruitment company, has revealed that confidence is returning to the local job market, and has also given a deeper insight in to the effects of the economic downturn at the employee level.
Despite challenging economic realities across the world, less than 30 per cent of employees are concerned about being made redundant, with confidence in job security having increased 20 per cent over last year in Dubai.
The survey also revealed the effects the downturn has had on employment; over a quarter of employees actually experienced a positive effect of the downturn seeing an increase in their salary or benefits during 2009. Less than 20 per cent of those surveyed saw a cut in salary or experienced redundancy of a colleague in their team.
James Sayer, Senior Manager at Robert Half UAE, says:
“The results from the Employee Survey are very encouraging indeed for the UAE. We are seeing a return of confidence in the job market to employees with Dubai one fifth more confident about their job security compared to last year. This is a very positive sign for Dubai; other areas of Europe have seen as much as 42 per cent of people feeling less confident about their job security compared to a year ago.
“The findings presented here are also reflected in the market for employers; we have seen activity return to the recruitment market coming in to Q4, with companies starting to hire again as they start to recover from the downturn. We expect this increase in confidence for both employees and employers, to continue in to 2010.” The survey was also completed in countries across Europe, including Austria, Belgium, France, Germany, Italy, Luxembourg, Switzerland and The Netherlands. Comparatively, respondents in Dubai expressed high levels of optimism and satisfaction about the company they work for and its future prospects; 84 per cent of respondents in Dubai believe the company they work for is financially stable, and 82 per were optimistic about the future of the company.
Source: Khaleej Times
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He lives with his wife, four kids, and a dog in a small town in north-central Massachusetts where he spent four years teaching computing, math, and science at the local high school.
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