Jun 22 2011 |
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Where are the jobs? Regional employment index slumps 10%
By Shuchita KapurBut UAE and Saudi Arabia register highest jobs growth in the Middle East
"The summer months typically see reduced recruitment activity around the globe which could have possibly contributed to the recent decline in the Gulf Index," said Sanjay Modi, Managing Director (India/Middle East/South East Asia), Monster.com.
"That said, Saudi Arabia, UAE and Kuwait have demonstrated positive growth indicating an improved jobs market in these large economies of the Middle East," he added.
"We saw sectors like engineering; IT and healthcare expand notably in the first quarter. Growth has now shifted to banking and finance as well as the more creative, advertising and marketing sectors," said Modi.
Jobs in Egypt declined the most, dropping 19 per cent in six months, followed by Oman (-18 per cent), Qatar (-7 per cent) and Bahrain (-2 per cent).
According to latest postings on job portal Bayt.com, UAE leads the pack on online vacancies posted with 4873 jobs. Saudi with 2621 and Qatar with 1953 postings are the second strong growing job markets. This is followed by Kuwait (624 registered vacancies), Bahrain at 135 and Oman with Oman 101 online postings on the site.
Konstantina Sakellariou, Partner, Marketing & Operations Director at Stanton Chase believes that hiring in the UAE is not just limited to some specific sectors but is more company oriented.
"I think the market starts to stabilize and by now most sectors have proceeded in clearings. Thus, job cuts will be most probably connected with companies and not with sectors. Hiring will be stronger in specialized positions in the industrial sector, in the financial sector and in technology," she recently told this website.
© Emirates 24|7 2011
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