45% expect pay rise in Gulf despite credit crunch

Forty-five percent of employees in the Gulf region are expecting to receive a pay rise in the next six months, despite the impact of the global economic crisis, an Arabian Business survey reveals.

The Salary Survey 2009, the full details of which will go online in early March, also shows that people working in Bahrain are the most optimistic about salaries with 57 percent expecting an increase in their salary.

By contrast, employees in Kuwait and the UAE are more pessimistic with 54 percent and 56 percent respectively saying they do not expect any added rewards in the next six months.

And if you work in the oil and gas or the cargo/freight industry, your expectations are much higher than those working in real estate or hospitality.

Only 27 percent of people working in the region’s struggling property sector expect a pay rise, according to our data which was collected from more than 3,000 respondents across the Gulf states during January.

The Salary Survey 2009 will also reveal which countries are paying the best and worst salaries and which industries rank top and bottom for job security.

It will also show which countries and industries and best and worst for staff retention.

The results of the Salary Survey 2009, which were based on more than 3,000 respondents from across the GCC region, come just a day after a survey by Middle East jobs website Bayt.com in conjunction with YouGov which said there was widespread dissatisfaction about the level of salaries.

And last week a poll of Gulf companies by ORC Worldwide (Middle East) showed that 40 percent of them had already implemented or were in the process of implementing a pay freeze for some or all of their staff while 11 percent had gone a stage further and cut pay rates.

Salary satisfaction running low across Mideast
New survey reveals widespread unhappiness among workers regarding pay levels.

(source: http://www.arabianbusiness.com/547399-45-expect-pay-rise-in-gulf-despite-credit-crunch)

Richard Reid is the founder of Pinnacle Proactive, Specialising in the Employee Assistance ProgramStress ManagementStaff Retention & Absenteeism. Take a Proactive Approach to Growing Your Organisation & its People. For more info visit http://www.pinnacleproactive.com


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