Overseas candidates looking to work in Dubai expect salaries that are much higher than the market rate, according to a new survey by Robert Half UAE.
The findings show that four in 10 (39 per cent) overseas candidates have expectations for remuneration that exceed market conditions. The survey indicates that while nearly half (49 per cent) of respondents believed the number of overseas candidates moving to the UAE has remained the same, many of these individuals have raised their hopes for higher salary and benefits than what the market prescribes.
“While the Dubai job market is showing strong signs of momentum, with increased salary and bonuses for existing employees, it is important for overseas candidates to develop a thorough understanding of prevailing market conditions before orchestrating such a significant move. Conducting research, including consulting local salary surveys and speaking with global recruiters with operations in both the home and target countries will not only allow candidates the ability to understand the local conditions but also gain valuable connections, helping ensure that expectations meet reality,” said James Sayer, director, Robert Half UAE.
Executives indicate that financial reward may be the driver for both decreases and increases to overseas recruitment. While nearly half (49 per cent) of HRDs believe that the number of overseas candidates has remained the same, one third (34 per cent) feel that the number of expatriates have decreased, citing lower compensation (62 per cent) and tougher immigration regulations (12 per cent) as the primary drivers. In contrast, 16 per cent of respondents indicate that the number of expatriates have increased over the past three years, also citing monetary factors as a leading cause, although in this case, ‘higher overall remuneration’ (25 per cent). The Eurozone crisis (25 per cent), lifestyle (17 per cent) and local talent shortage (17 per cent) are additional reasons executives feel have led to increased overseas recruitment.