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
