According to global consultancy Mercer, the upcoming year will see a boom in salaries and job prospects in the UAE. The salaries in the country are likely to increase by almost 4.8 per cent with the sectors of consumer goods, high-tech industries and life sciences witnessing the maximum hike. Moreover, the hiring sector is also moving towards a positive spectrum with almost 50 per cent of companies looking to boost the number of recruitments.
Over half of the workforce in the UAE expects to receive a salary hike in the next year with almost 27 per cent of them anticipating a 10 per cent hike. A survey carried out by bayt.com on top industries in the Middle East and North Africa revealed that the most competitive pay packages in the UAE linger in the fields of banking and finance, aviation, government services and military or police. In fact it also emerged that the high-ranking executives in the UAE were better off than their counterparts in the UK and the US when it came to pay packages.