UAE at top position for job postings

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UAE at top position for job postings

Dubai - The banking and finance sector is still leading the industry growth at a 35 per cent year-on-year increase; followed by IT and telecom/ISP with a 30 per cent year-on-year growth.

By Rohma Sadaqat

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Published: Fri 18 Sep 2015, 12:00 AM

Last updated: Sat 19 Sep 2015, 10:52 AM

The UAE has claimed the leading position for job posting in the Middle East, the August 2015 Monster Employment Index has shown.
"When looking at the index at a regional level, it is evident that online hiring activity is growing steadily at the pace of 37 per cent year-on-year for the third successive month," said Sanjay Modi, MD of Monster.com - India, Middle East, South East Asia and Hong Kong.
The banking and finance sector is still leading the industry growth at a 35 per cent year-on-year increase; followed by IT and telecom/ISP with a 30 per cent year-on-year growth. There was a 16 per cent growth in hiring opportunities in healthcare year-on-year - the highest registered this year for the industry.
With a 36 per cent increase, the UAE continues to hold the top spot in terms of year-on-year growth rate, when compared to the remaining GCC countries and Egypt. More specifically, the healthcare sector in the UAE is leading the year-on-year growth industries with a 44 per cent increase. The increase reflects the vision of the UAE to become a hub for medical tourism; and with Dubai alone planning to attract more than 500,000 medical tourists by 2020, effective healthcare hiring is in demand to accommodate the country's ambitious plans.
"The healthcare industry specific growth is perfectly timed to compensate for the dip in the oil and gas industry, which witnessed a substandard 21 per cent fall across the Middle East, and a 29 per cent fall in the UAE, when looking at the year-on-year growth industries. This slowdown comes as no surprise given the global ramifications and the hiring freeze the sector is undergoing. And while the UAE is putting firm actions in place to manage the global crunch, I do expect that hiring recovery in this sector will require some time," added Modi.
According to the index, online demand for software, hardware, telecom professionals progressed faster than any other groups even this month. It is however notable that the growth momentum has eased significantly from 78 per cent in July 2015 to 53 per cent in August 2015. The group saw fewer opportunities on the month; down 13 per cent.
- rohma@khaleejtimes.com


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