UAE Employees for a Pay Rise in 2024

The employment outlook in the UAE is showing signs of significant positivity. As per recent findings, an impressive 56% of employers have set their sights on team expansion in 2024.

Consequently, this spells good news for individuals on a professional hiatus or those pondering a career move.

Furthermore, the hiring spotlight is intensifying around talent acquisition, particularly in leadership and management. The current years survey accentuates these domains as the most notable areas of skill shortage, with 16% and 14% of employers, respectively, acknowledging this gap.

In addition, the survey presents a heartening perspective on bonuses. A robust 71% of respondents are gearing up to bestow annual bonuses based on the fiscal performance of their organizations in 2023.

Conversely, the 29% not planning to do so illustrate the critical link between company success and employee rewards, setting an optimistic tone for the forthcoming year.

For those navigating job transitions or eyeing new prospects, the report offers uplifting insights. Importantly, with 56% of employers ready to augment their staff in 2024, a vigorous hiring period is on the horizon that could advantage a multitude of job seekers.

Moreover, the survey throws talent acquisition into sharp relief, pinpointing an urgent demand for management and leadership capabilities. These skill sets emerge as the talent voids most keenly felt, drawing 16% and 14% of employer attention, respectively.

Additionally, theres encouraging news on the financial incentive front. A significant 71% of this years survey participants are prepared to distribute annual bonuses, mirroring their companies financial triumphs in 2023.

This contrasts sharply with the 29% without such intentions, emphasizing the vital role of organizational achievement as a catalyst for employee remuneration.

The UAEs job market is on an upswing. Remarkably, 56% of employers are set to expand their teams in 2024, offering a silver lining for job seekers.

Moreover, the spotlight is on talent acquisition. Notably, in leadership and management, employers identify significant skill shortages - 16% and 14%, respectively.

As for bonuses, the outlook is equally bright. Indeed, 71% of employers aim to reward their teams with bonuses, reflecting strong financial results in 2023, unlike the 29% who do not.

For those exploring new opportunities, this is welcome news. Clearly, a hiring surge is on the cards, signaling a wealth of prospects.

Additionally, the demand for management and leadership skills underscores urgent hiring needs.

Also, the widespread intention to award bonuses illustrates a vital link between organizational success and employee recognition. This bodes well for 2024, setting an optimistic stage for the workforce.

Courtesy: Khaleej Times

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