Many businesses are eager to invest in their staff as the United Arab Emirates works to recover from the financial effects of the COVID-19 outbreak. A new poll indicates that workers in the UAE should expecting a 10% salary increase in 2023.
Over 1,000 firms from a wide range of industries including banking, healthcare, and technology were questioned for the study, which was carried out by a top recruiting agency in the UAE. The findings revealed that about 60% of the organisations polled intended to raise employee pay by at least 10% in 2023. This is partially a result of the market’s shortage of talented employees and job searchers, which has caused employees to demand increased salaries than they did a year ago.
For UAE employees who have been struggling financially as a result of the pandemic, this is great news. Many employees are anticipated to benefit from the pay boost by recovering their buying power and raising their level of life.
This advantageous trend has also been influenced by the UAE government’s initiatives to diversify the economy and the constant expansion of the private sector in the nation. Businesses are now more motivated to invest in their workers and are more optimistic about the future.
It’s important to note that not all sectors have seen salary increases. According to the poll, businesses across all industries want to raise employee pay. This is a blatant sign that the economy is improving and that businesses are optimistic about the future.
In conclusion, the fact that UAE workers may expect a salary increase in 2023 is excellent news for them. This is partially a result of the market’s shortage of qualified workforce and job searchers. Additionally, it is a reflection of the nation’s economic recovery and an increase in business optimism. It is also a step in the right direction for raising the quality of life for UAE employees.