The total size of the offering remains unchanged at 900 million shares, representing 25 per cent of the company’s total issued share capital
About 44 per cent of recruiters surveyed in the recently concluded Naukrigulf Hiring Outlook 2016 said they face maximum talent crunch when they hire people of Asian origin. Thirty five per cent said they struggle while hiring for middle management positions in the UAE.
While there is a strong expectation of new job openings in the UAE, 64 per cent of recruiters predicted that the talent crunch would continue for the next six months.Tips to encourage Asian workers
1. The company should try to support initial costs which includes accommodation and travel.
2. Employers can entice candidates with the offer to work in a diverse environment with a global workforce - that's the kind of experience they won't get in their home countries.
"The tedious paperwork and visa clearance is another reason that candidates give up a job offer in the Middle East," he added.
Another HR consultant Jaya Bhatia from Job Hunt Gulf said the biggest challenge for Asian candidates is the accommodation and overhead costs that come with the job. "It's easier for a single person below 27 years of age to relocate. However, it's challenging for middle and senior management levels, especially if they are moving with families."
Bhatia added that IT jobs in particular are in abundance in South-East Asian countries. "The projects in many cases are based out of the US, Australia and UK that offer enticing salaries. In the UAE, there are few IT companies and we are mostly looking for young professionals with two to five years of experience. Hence, it becomes challenging to find skilled Asian workers to fit these roles. However, it's not difficult to find candidates in the field of real estate, construction and finance."
Bhatia added that the salaries in the UAE are expected to improve by the first quarter of next year, and that could drive a bigger Asian workforce into the Gulf.
Job creation
Even as UAE firms brace themselves for a challenging quarter, more than 50 per cent of recruiters predict new jobs to be created in the coming months.
Fourteen per cent recruiters are predicting new job creation at the senior level for the first half of 2016 whereas this figure was 22 per cent for the second half of 2016, according to the Naukrigulf survey.
Tarun Aggarwal, business head at Naukrigulf.com, said: "The outlook for the UAE job market is seeing a shift in expectation of new jobs creation in spite of the slump feared due to lower oil and trading revenues. With demand for specialist occupations outweighing supply, we are witnessing an increased talent shortage for recruiters which is expected to continue in the next six months. Overall, the job market looks positive but with a lower expectation of increments for the workforce."
- nilanjana@khaleejtimes.com
The total size of the offering remains unchanged at 900 million shares, representing 25 per cent of the company’s total issued share capital
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