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“The survey shows that, for the majority of organisations based in the UAE, significant salary increases are unlikely in 2021 as the market recovers from the effects of COVID-19. However, as business continues to accelerate in the new year recruitment activity could follow suit, as companies seek to position themselves for renewed growth,” read the report. The key findings further pointed out that while 67 per cent of companies did not have any redundancies in 2020, 30 per cent said they had. “At the same time, almost a third, 30 per cent, said they had made redundancies, with 15 per c...

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RIYADH: As 2020 draws to a close, the full impact of the coronavirus pandemic on the GCC job market has been revealed. In their 2021 KSA and UAE salary guides, HR and recruitment advisory firm Cooper Fitch showed how much the job market was disrupted this year, as companies were forced to delay decisions on hiring new staff and awarding bonuses and pay rises. However, despite persistently high levels of market uncertainty, fewer firms than expected said they made redundancies in 2020, and basic salary ranges and performance goals remained unchanged. Trefor Murphy, CEO and founder of Cooper Fi...

Not surprisingly, things are looking pretty uncertain for 2021… It’s safe to say that 2020 has not been one of our best years on the personal finance front, with pay cuts and redundancies a common theme. But if you’ve been pinning your hopes on a pay rise for next year, you may be out of luck, according to the Cooper Fitch 2021 UAE Salary Guide. Will you get a pay bump in 2021? Each year, Cooper Fitch recruitment agency polls 200 firms in the UAE, and asks them about their hiring, firing and wage intentions for the coming year. According to the 2021 UAE Salary Guide, 65 per cent of comp...

“The key finding from our salary guide is the continued high level of uncertainty among businesses," Trefor Murphy, chief executive and founder of Cooper Fitch, said. "We believe this trend will prevail until the factors that are negatively impacting the market – lower oil prices, the after-effects of the pandemic and so on – gradually improve throughout 2021," he added. “Many of the companies we surveyed have some big decisions to make at the start of 2021, as a significant proportion had yet to decide if they would implement a merit salary increase for staff next year or pay out ag...