In certain regions, employers are increasing living allowances, but they are decreasing them for new hires.
Dubai There’s good news for job searchers in the UAE looking for professional service positions—including those in IT, HR, finance, and accounting—as their pay is rising by 2% annually. In recent months, pay scales have stabilized, and this trend is anticipated to last well into 2024, as per Robert Half’s 2024 Salary Guide for the UAE. Nevertheless, the research noted that there are still notable increases in accessibility for applicants in particular industries and roles.
Professionals in these disciplines who are in the middle of their careers make between Dh30,000 and Dh50,000 a month, while senior leadership positions are increasingly paying Dh90,000 and more.
Additionally, some firms are raising living allowances while decreasing them for newly hired staff. The article claims that workers are also receiving higher housing allowances.
More than 100 professional services roles in the fields of finance and accounting, financial services, IT and technology, HR, and law are covered by the salary guide, which surveys beginning salaries for these positions. 500 professionals who resided and worked in the United Arab Emirates were polled.
The research said, “There is a growing need for experts and talent administrators, also highlighting the appetite for businesses to attract and retain the best talent. This need is driven by the desire for compensation and benefits.”
In addition, the report’s overall findings showed that approximately 41% of workers in these fields had their salaries increased in the previous year, either by an annual rise or a new position. Furthermore, just 13% of the professionals polled said their salary had decreased.
According to a sector-by-sector analysis, there has been less salary fluctuation in the IT and technology sectors over the last 12 months; this tendency is predicted to continue through 2024. “The job market is getting less competitive as Dubai gets more appealing, but there is still a big need for project managers and senior executives who can open offices as more and more companies relocate to the area,” it continued.
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