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19 March 2024

UAE jobseeker alert: Most employers on hiring spree; click for sectors

Published
By Shuchita Kapur

Jobseekers in the UAE and the region will have more job options in the coming months as majority of the employers in the country and the Middle East expect new jobs to be created in the next six months.

According to the September hiring outlook survey by NaukriGulf, a jobs website, 58 per cent of recruiters who participated expect new jobs to be created in the months ahead, giving hope to candidates who may be currently looking to switch jobs or find new ones.

The survey was conducted among 140 recruiters in the Middle East with employers and recruitment consultants accounting for 79 and 21 per cent of the respondents, respectively.

A majority are hopeful of new jobs that will be added to the market and certain sectors look more promising than others when it comes to opportunities.

A sizeable number (35 per cent) of recruitment consultants expect construction sector to see the bulk of new job creation.

Construction and its allied sectors are the top choice of consultants when it comes to maximum job-creation. Banking & finance, hospitality and retail are also strong contenders for new job-creation over the next six months.

Most new jobs are expected to be created for professionals in the middle management roles. Forty-four per cent of employers expect new jobs being created for middle management roles (3-8 years’ experience), while 25 per cent expect new jobs to be created at senior management and CXO levels.

“As far as job-creation and hiring scenario are concerned, 2015 looks to be a better year than 2014. With the recent decline in oil prices, oil & gas and related sectors are expected to see a dip in the creation of new jobs.

"However, construction and allied sectors continue to grow, given the build-up towards Expo 2020 in UAE, the Fifa World Cup 2022 in Qatar and increased focus on infrastructure development. The overall economic outlook, hence, remains largely positive,” says Tarun Aggarwal, Business Head – Naukrigulf.com.

Employers also expressed confidence of lesser talent crunch and lower attrition in the local job market.

A high number (84 per cent) of the employers say that they are enjoying low attrition rates of less than 15 per cent in their organisations, adding stability to the job market.

Also, 76 per cent employers expect attrition to either remain stable or reduce further over the next 6 months, compared to 68 per cent sharing this sentiment in March 2015.

Reducing the woes of the employers, the second half of 2015 heralds good news with employers expressing an improvement in talent availability.

A majority (52 per cent) of employers are confident of not facing any talent crunch in the next six months as well, compared to only 39 per cent in March 2015.

The survey has also indicated that the maximum talent crunch is felt in the middle management roles (experience bracket of 3-8 years) and among nationalities of Asian origin.

(Image via Shutterstock)