A new report from Morgan McKinley suggests professional job opportunities will rise by 8%-10% across the MENA (Middle East and North Africa) region in 2014, with salaries expected to grow by a healthy 6% to 8%. According to the latest Morgan McKinley UAE Salary Survey Guide - compiled annually by the region’s leading professional services recruitment firm – following a relatively subdued 2012 where reverberations from the Eurozone crisis impacted on recruitment, economic confidence returned to the UAE in 2013. The recruiter forecasts that this restored positivity will continue to gain momentum throughout 2014, as the region focuses on the infrastructure, tourism and construction sectors, with Expo 2020 predicted to be a major factor in jobs growth.
Based on observations from the past year, together with hard facts and figures on gross salaries, the Salary Survey Guide 2014 provides a barometer of professional employment activity across a number of sectors, including banking and financial services, accountancy and finance, energy, construction, supply chain and procurement, manufacturing and office support.
Trefor Murphy, Morgan McKinley’s UAE managing director, commented, “The survey points to a number of key growth areas for 2014, in terms of both job opportunities and salary levels. Rising levels of demand for consumer goods means that sales and marketing and supply chain professionals will be particularly sought after across the Gulf region. Elsewhere, we’re seeing a growth in opportunities for power generation professionals, triggered by the boom in activity across both the green and traditional energy sectors. Meanwhile, inward and local investment in sectors such as FMCG, packaging and chemicals is creating demand for manufacturing professionals, especially those with knowledge of techniques such as Six Sigma, as well as accountants.
Murphy adds, “With many new projects announced recently, there is a particular requirement for specialists in the construction oil & gas industries, with Iraq especially short of oil industry experts. Finally, with the three main credit rating agencies improving their ratings, the high level of business activity, and improvements in balance sheets and liquidity, the banking and financial services sector is experiencing buoyant employment levels.”
Despite this positive picture for the region’s professional job seekers, Morgan McKinley points out that changes in the cost of living - and the resulting impact on disposable income - are far harder to predict.
Murphy concludes, “It’s safe to say that in many countries “the only way is up”, putting pressure on employers and presenting candidates with some tough choices.”
A more detailed breakdown of the statistics contained with the Morgan McKinley UAE Salary Survey Guide 2014 can be found by visiting www.morganmckinley.ae/article/morgan-mckinley-salary-survey-....
For further information, or to request a full copy of the survey, please contact Vicki McDonald on 01582 790 708 or firstname.lastname@example.org.
This press release was distributed by ResponseSource Press Release Wire on behalf of BlueSky Public Relations Ltd in the following categories: Business & Finance, for more information visit https://pressreleasewire.responsesource.com/about.