ROBERT WALTERS MIDDLE EAST JOBS INDEX – Q3 2017
- The number of advertised job vacancies for professionals, across accountancy and finance, banking and financial services, legal, sales and marketing, in the UAE rose by 6% in the third quarter of 2017 compared to quarter two of 2017.
- Jobs growth was strongest in legal (17%), with banking and financial services (14%) also seeing healthy growth.
- Accounting and finance sectors saw decline in advertised jobs for professionals with a decrease of 5%.
- The number of advertised job vacancies for professionals, across accountancy and finance, banking and financial services, legal, sales and marketing, in Saudi rose by 5% in the third quarter of 2017 compared to quarter two of 2017 despite overall decrease of 32% year-on-year.
The latest Robert Walters Middle East Jobs Index has revealed that vacancies for professionals across the Middle East increased by 5.5% between Q3 2017 and Q2 2017.
Jason Grundy, Country Head at Robert Walters – Middle East, comments:
“Market conditions remain tough in the professional space across the Middle East. Nevertheless, we have seen a significant increase in roles post summer and we are optimistic that we will see a stronger Q4”
QUARTERLY GROWTH POSITIVE
“It is positive to see growth in the senior professional market quarter on quarter. However this is from a low base after a particularly quiet summer across the Middle East.”
Q3 2017 VS Q3 2016 – ANNUAL DECREASE IN ADVERTISED ROLES
“The year on year is so acute because Q3 2016 was the high point in terms of jobs advertised in the recent short term cycle. Post summer the market has picked up significantly and we expect strong results in Q4 2017.”
REGIONAL OVERVIEW
“The Saudi job numbers have accelerated overall quicker than the UAE. We believe this is because of the recent announcements in line with the Saudi Vision 2030.”
“The UAE job postings have also increased and the expansion of the non-oil sector appears to be driving this trend.”
POSITIVE GROWTH FOR LEGAL AND ACCOUNTING & FIINANCE
“Both the private practice and in-house markets were unexpectedly quiet over the summer. The bigger private practice firms, with a broad regional reach, have benefited from an up tick in deals and projects getting the green light or coming back online. Finance teams have also benefited from increased activity on projects.”
OUTLOOK FOR Q4 2017
“Positive feel in the market at the moment and Q4 job numbers are expected to be the best for the year”
For further information, please contact Monique Miller on monique.miller@robertwalters.com or +27 11 881 2416
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The Robert Walters Job Index tracks advertising volumes across leading job boards, across accountancy and finance, banking and financial services, legal, sales, and marketing, across the Middle East. The Job Index was launched in Q1 2015.
Robert Walters is one of the world's leading specialist professional recruitment consultancies and focuses on placing high calibre professionals into permanent, contract and temporary positions at all levels of seniority. The Middle East business recruits across the accountancy and finance, banking and financial services, legal, sales, marketing and IT. Established in 1985, the Group has built a global presence spanning 28 countries.
Monique Miller
Marketing Executive
Robert Walters
GreenPark Corner, Cnr West Road South and Lower Road, Morningside, Sandton
Johannesburg, 2196
Tel: +27 11 881 2416
Office Tel: +27 (0) 11 881 2400
E-mail: monique.miller@robertwalters.com
Web: www.robertwalters.co.za
