Saudi, Qatar and Oman poised for wage hikes

Saudi Arabia, Qatar and Oman are expected to lead the way this year in salary hikes for GCC employees, according to an industry expert.

Shane Phillips, MENA regional practice leader, financial services at Stanton Chase, was quoted in regional media as saying that employees in these three GCC countries are primed for better pay in 2012.

“Oman is already about 20 per cent below average salaries in UAE, Saudi and Qatar, so they are going to need to raise salaries if they want to hire qualified people,” Phillips was quoted as saying.

“Lowest pay hikes will be in Bahrain and Kuwait as these two geographies will continue to struggle as they move forward.”

Qatar is already among the highest paymasters in GCC when it comes to salaries, so the fact that the country’s wages are likely to rise further reflects positively, though fears of a wage bubble remains.

According to the report, the industries that are like to be a magnet for existing and prospective employees are banking and finance, telecommunications and construction.

In addition, the vast number of infrastructure projects in Saudi Arabia and Oman means that these two countries are likely to be more job-friendly in terms of vacancies compared with other GCC members.



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Saudi Arabia, Qatar and Oman are expected to lead the way this year in salary hikes for GCC employees, according to an industry expert. Shane Phillips, MENA regional practice leader, financial services at Stanton Chase, was quoted in regional media as saying that employees in these three GCC countries are primed for better pay in 2012. “Oman is already about 20 per cent below average salaries in UAE, Saudi and Qatar, so they are going to need to raise salaries if they want to hire qualified people,” Phillips was quoted as saying. “Lowest pay hikes will be in Bahrain and...

Saudi Arabia, Qatar and Oman are expected to lead the way this year in salary hikes for GCC employees, according to an industry expert.

Shane Phillips, MENA regional practice leader, financial services at Stanton Chase, was quoted in regional media as saying that employees in these three GCC countries are primed for better pay in 2012.

“Oman is already about 20 per cent below average salaries in UAE, Saudi and Qatar, so they are going to need to raise salaries if they want to hire qualified people,” Phillips was quoted as saying.

“Lowest pay hikes will be in Bahrain and Kuwait as these two geographies will continue to struggle as they move forward.”

Qatar is already among the highest paymasters in GCC when it comes to salaries, so the fact that the country’s wages are likely to rise further reflects positively, though fears of a wage bubble remains.

According to the report, the industries that are like to be a magnet for existing and prospective employees are banking and finance, telecommunications and construction.

In addition, the vast number of infrastructure projects in Saudi Arabia and Oman means that these two countries are likely to be more job-friendly in terms of vacancies compared with other GCC members.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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