The UAE ranked first in the Arab region in the latest IMD World Talent Ranking, with the country advancing two places in the 2022 index, which assessed 63 economies in attracting and retaining talent.
The country is among the best countries in terms of readiness to meet the needs of the labour market for skills and expertise by creating a business-friendly environment that can attract and retain expertise and skilled manpower.
The UAE has also been rated highly in foreign highly skilled personnel, zero income tax, availability of skilled labour, senior managers with international experience, availability of competent senior managers, a high number of graduates in ICT, engineering, math and natural sciences and student mobility inbound.
Meanwhile, a recent survey of jobs in UAE and hiring trends suggests that every 7 out of 10 firms in the UAE, meaning 70% of the UAE firms, are planning to recruit a new employee based on their skill set and qualifications.
Based on the same survey, around 50% of organisations hire foreign immigrants. The UAE firms have been increasing their salaries to attract more skilled immigrants. 86% of the working professionals have a positive career outlook for the next 5 years.
The UAE’s talent landscape was a key topic of discussion at the recently concluded ‘Talent Mobility Now’, the leading HR Congress, held at Amazonico Dubai. Organised by Writer Relocations, the event focused on ‘Talent Mobility’, which was an exclusive gathering of high-level senior HR professionals, leaders, decision makers and talent mobility managers representing top corporations from various verticals and industries across the globe.
“It was a pleasure to host the HR Congress. As an industry leader in the relocation space, we have seen an increase in mobility to the UAE. In the past few years, the country has emerged as a talent hub, given the introduction of the Golden Visa, Green Visa, 5-year Multi-entry Tourist Visa, and Retirement Visa among others to attract and retain talent. In addition, the launch of the new pension scheme has also been a facilitator to help retain talent and bring in new to the country.
“The ‘Talent Mobility Now’ was an effort to focus on how the UAE leads its position as a talent hub, and offer attendees an overview on what makes the country one of the most preferred destinations to work and live," said Simon Mason, Chief Operating Officer & Chief Revenue Officer, Writer Relocations.
Flexibility in Mobility Policies
While the HR Congress highlighted various topics related to HR and talent mobility, the key focus was ‘Flexibility in Mobility Policies’.
“In today’s time, to remain competitive in a globalised world, organisations should be agile enough to respond to industry changes and disruption. Several companies are now moving workforce internally, from one country to the other in higher roles in the same department or new ones. This offers individuals a clear path to hone existing skills and develop new ones, as well as enables organisations to build a self-developing workforce that is more inclined to grow within their company,” added Mason.
Talent mobility enables organisations to rapidly adapt to changing environments, with the ability to deploy and move key skills across projects, across the business and across borders when needed. Mobility provides avenues for staff to progress and evolve within an organisation and can lead to 30% better processes and 23% more productivity.
The Talent Mobility Now forum also paved way to engage in conversations about latest trends and developments in global mobility, challenges and opportunities associated with the transformation of global mobility and exposure to cutting-edge technologies and innovative solutions in the field.
In addition to some insightful discussions, the event also served as an opportunity to network with industry experts and thought leaders, as well as inspire thought-provoking keynote presentations and panel discussions from some influential people in the industry.
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