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Job market turns buoyant
Issac John / 11 August 2010
DUBAI — The job market, a key economic signpost, appears to be bouncing back in the UAE with more than half of the country’s employers saying that they planned to recruit in the next few months, yet another new survey revealed on Tuesday.
Over a quarter of the UAE respondents — 29 per cent — said that their organisations would definitely be hiring in the next three months, and another 25 per cent said they would probably be hiring. But nine per cent said they would definitely not be hiring in the next quarter, the survey held by job site Bayt.com in conjunction with research specialists YouGov Siraj revealed.
On Monday, a study by a global recruitment firm, the FiveTen Group, said there were 33 per cent more job vacancies in the UAE in the second quarter of 2010 in comparison to the previous quarter. The study also revealed that there had been a 113 per cent rise in the number of interviews taking place, quarter-on-quarter, as companies invest more resources in their search for employees.
Across the Middle East and North Africa, 54 per cent of employers plan to recruit over the next few months, according to Bayt.com Jobs Index study.
Respondents in Oman had the highest propensity to hire, with 41 per cent saying that their organisations will “definitely” be recruiting new staff in the coming months while Jordan showed the lowest propensity to hire with 18 per cent of respondents saying they will “definitely” hire in the next three months.
“The adverse effects of the global recession on hiring practices in the Middle East region seem to be easing,” said Rabea Ataya, Chief Executive Officer, Bayt.com.
The survey found that junior executives are the most likely to find themselves with a job offer: 34 per cent of organisations said that they would be looking to employ junior executives, followed by 27 per cent that said they would be looking to hire on an executive level.
As in the previous wave, and unsurprisingly given the level of experience and knowledge required, limited C-suite jobs are going to be on offer: four per cent of the respondents said they would be seeking to appoint a new president, five per cent said they plan to appoint a CEO, and another six per cent said they would advertise vacancies for senior level posts.
Of those that are likely to be employed, graduates or postgraduates in business management stand the best chance. According to the study, 26 per cent of organisations around the Middle East favour employing staff that are qualified in this field.
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