25 January 2017
If your only aim is to earn the highest possible salary in the Middle East then your best strategy is to start your career in Saudi Arabia, work your way up the corporate ladder and then apply for a transfer to the United Arab Emirates (UAE).
According to the results of the latest 'Global 50 Remuneration Planning Report', launched by consultancy firm Willis Towers Watson this week, the average middle manager in the UAE earns a gross base salary of $95,120 a year, with an entry level professional taking home an average of $25,752.
Low level managers in Saudi Arabia start higher on an average of $27,403, while the kingdom ranked second for middle managers, with average pay coming in at an average of $90,331.
Laurent Leclère, Willis Towers Watson’s senior consultant and data services lead for the Middle East, said: “This salary data is often used for supporting international mobility and highlighting the importance of establishing an appropriate remuneration package when moving an employee between any two locations. We can see that the UAE is one of the best markets for employees to enjoy a high buying power in the region”. Read the full report here.
The news comes at a time when a new survey by recruitment site Bayt.com found that 98 percent of employees in the Middle East plan on looking for new opportunities in 2017.
However, pay is a big motivating factor to stay as 75 percent of respondents who said they plan to stay in their current jobs said they were doing so because they were confident they would get a pay rise this year. Read more here.
Another report on Tuesday by recruitment firm Hays found that the number of redundancies in the Gulf region doubled year-on-year in 2016, with four percent of employees reporting to have lost their jobs and nearly four in ten (37 percent) of businesses implemented some job cuts last year.
More professionals also saw a decline in monthly income, with the number of workers experiencing a pay cut rising from 2 percent to 9 percent during the same period, as companies tightened their budgets in response to low oil prices. Read more here.
© Express 2017
If your only aim is to earn the highest possible salary in the Middle East then your best strategy is to start your career in Saudi Arabia, work your way up the corporate ladder and then apply for a transfer to the United Arab Emirates (UAE).
According to the results of the latest 'Global 50 Remuneration Planning Report', launched by consultancy firm Willis Towers Watson this week, the average middle manager in the UAE earns a gross base salary of $95,120 a year, with an entry level professional taking home an average of $25,752.
Low level managers in Saudi Arabia start higher on an average of $27,403, while the kingdom ranked second for middle managers, with average pay coming in at an average of $90,331.
Laurent Leclère, Willis Towers Watson’s senior consultant and data services lead for the Middle East, said: “This salary data is often used for supporting international mobility and highlighting the importance of establishing an appropriate remuneration package when moving an employee between any two locations. We can see that the UAE is one of the best markets for employees to enjoy a high buying power in the region”. Read the full report here.
The news comes at a time when a new survey by recruitment site Bayt.com found that 98 percent of employees in the Middle East plan on looking for new opportunities in 2017.
However, pay is a big motivating factor to stay as 75 percent of respondents who said they plan to stay in their current jobs said they were doing so because they were confident they would get a pay rise this year. Read more here.
Another report on Tuesday by recruitment firm Hays found that the number of redundancies in the Gulf region doubled year-on-year in 2016, with four percent of employees reporting to have lost their jobs and nearly four in ten (37 percent) of businesses implemented some job cuts last year.
More professionals also saw a decline in monthly income, with the number of workers experiencing a pay cut rising from 2 percent to 9 percent during the same period, as companies tightened their budgets in response to low oil prices. Read more here.
© Express 2017
