| 30 Aug 2010 |
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The job blues strike
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Almost half of UAE professionals may dive back into the job market after the summer holidays unless they are promoted
Dubai, UAE, 30th August 2010 - New research from Regus reveals that UAE professionals may quit their jobs after the summer vacation due to lack of promotion and bosses that do not know, or do not communicate the company's goals.
For 47% of respondents, finding that the next rung in the career ladder is a no-show was the top 'get me out of here' factor. 51% and 31% of respondents respectively would not stick around with a company lacking communication with management or strategic company vision.
Mark Dixon, CEO of Regus comments: "As workers pack up their swim-suits and towels after the holidays, they are more likely to dwell on the pros and cons of the job that is waiting for them at home. With reports indicating that one of the effects of the recovery is that many more employees have started quitting their jobs and looking around for new ones, 1 businesses that are not providing all the trimmings may be heading for a brain-drain of their best talent.
"Stress caused by overwork has escalated during the past recession with people working harder and longer to make sure they can pay the mortgage. Bonuses and job perks were cut back to weather the storm, but as the economy picks up employees will be flocking to businesses that promise them better conditions and not necessarily the biggest wage."
Other high-stress factors are a long commute to the office (25%) and a boss that takes credit for their work with 24% of respondents quoting this as a reason for making an 'all change' decision. In the UAE, where 12 to 14 hour days are quite common,2 almost a quarter of respondents would also leave if because of overwork (24%). Further dissatisfactions that could easily morph into 'last drop' factors were lack of administrative support (22%) and rude colleagues (18%).
The survey also asked workers what companies could do to avoid a brain-drain of their best talents. Aside from a pay rise, in the UAE, 40% of workers declared that private medical insurance was top of their wish-list and 35% called for the ability to flex their working hours.
Table: Top 5 reasons for UAE professionals to quit their job this year or UAE professionals to quit their job this year
Lack of communication and involvement by top management | 51% |
Lack of promotion despite good work results | 47% |
Lack of company 'vision' | 31% |
Too lengthy commute to work | 25% |
Your boss taking the credit for your own work | 24% |
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Note to Editors
Methodology
Over 15,000 business respondents from the Regus global contacts database were interviewed during February and March 2010. The Regus global contacts database of over 1 million business-people worldwide is highly representative of senior managers and owners in businesses across the globe. Respondents were asked which issues would drive them to quit their job, along with perks that would retain them. The survey was managed and administered by the independent organisation, MarketingUK.
About Regus
Regus is the world's leading global provider of innovative workspace solutions, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the world's largest network of video communication studios. Regus delivers a new way to work, whether it's from home, on the road or from an office. Clients such as Google, GlaxoSmithKline, and Nokia join thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to Regus, allowing them to focus on their core business.
Over 650,000 clients a day benefit from Regus facilities spread across a global footprint of 1,100 locations in 500 cities and 85 countries, which allow individuals and companies to work wherever, however and whenever they want to. For more information please visit: visit www.regus.presscentre.com
© Press Release 2010
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Community Comments (5)
Constructive Management System with sound reasoning is a tool for good decision making. Recognition of Employees ideas and recommendations uplift loyalty , professional ethics, and company's goal. Company fails due to Owner's attitude that is "I Invest and I am the Boss" attitude.
The situaution is so not only in UAE. It is my experience that it happens so in Oman as I am a professional working in Oman. Here, many of the top brats even use the word 'professionalism' to refer to the quality of subordinates to show off and keep "yes boss, you are right' attitude. I have seen professionalism is very much lacking in Oman's work environment. The projects happen only because of the excessive profit margins at which they are executed. Most of the errors which has long time repercussions are are not detected during the execution due to non-competence of the management.
Most of the companies exploit such a situation and mint money. Such money-making does not require professionalism and is very frustrating if you know how a project can be executed optimally. If you know more, you will not be given a chance to operate is the environment at many places.
So performance and sincerety have no value here.
I would like to be hopeful, unfortunately I do not see the recovery in the UAE, or more specifically in Dubai. People are still leaving the country, the financial market is still in a rut, and Dubai World is restructuring its debt obligations to be paid over the next 5-8 years! I feel people are leaving their jobs because of: Lack of growth in the economy, which translates into less growth in companies, which means people will not be promoted – Neighboring countries, including those in the Levant from which a strong portion of UAE’s professionals come from, are improving and starting to offer good paying jobs – The middle class in the UAE is still not able to save and invest as prices have not fallen at the same rate as the falling salaries. I think more needs to be done on the Micro level to remind people why Dubai is a good city to live in, what it has to offer in terms of professional progress, that other cities are not capable of providing. I confident that Dubai and the UAE, still have a lot more to offer.
Yes i do agree with above as now a days companies are not aware in which direction they need to go.
Market conditions are such its difficult to predict for anyone to decide and also no funds in the market to run the company.
They have to be cautious in taking steps but also important to keep employees happy in terms of vision and communication instead of keeping them in dark about company's vision and future.
The reason I am leaving is that all the improvements and good work practices that have been building for the last eight years are now being ignored. Why? Cheaper management staff are being brought in from other Arab nations - which is OK - but many are jobbing site workers who have never really been in real management rolls and some are out and out bully's.
Some have no idea of quality plus because of this lack of professionalism the number of site accidents is increasing. I have already taken a sizable reduction in salary again which I didn’t like but also didn’t object to because of the monetary crisis. I love the UAE especially Dubai and support His Majesty's vision. I cannot however compromise my professional reputation and standards. So with a heavy heart I am leaving after spending ten years of my life here.
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