10/18/08

Compensation and Employment trends in the Gulf (Middle East)-2008

GulfTalent.com, one of the leading career and employment websites in the Gulf has released its fourth annual report the "Gulf Compensation Trends 2008".

 

The highlights are listed below:

 

  • Average salaries in the Gulf increased by 11.4% this year, compared to 9.0% last year
  • Sectors enjoying the highest pay rise were construction and banking
  • Job categories having the biggest raise were Engineering and Finance
  • Drivers of pay rise include growing competition for talent, weak US dollar, and rising inflation particularly in rents
  • Average rents in the Gulf increased by 19% this year
  •  

Read the Summary: