Salaries show uptrend in UAE: Report

Dubai / Emirates Business

The 2017 Bayt.com Middle East and North Africa Salary Survey, conducted by Bayt.com, the Middle East’s number one job site, and YouGov, a leading market research agency, revealed that almost half (44%) of UAE respondents believe that salaries are increasing in the UAE, and 24% believe that they are staying the same.
In terms of current salary package composition, more than half (58%) of those surveyed in the UAE receive a basic salary as well as benefits in their compensation package. Almost one in five (18%) of those surveyed actually receive their basic salary plus benefits and commission. Just under a quarter (24%) of respondents only receive a basic salary.
Of those receiving additional benefits, personal medical insurance (52%) was the top benefit received, followed by personal annual ticket (37%), and a transportation allowance (30%).
When it comes to end of service benefits in UAE, 63% stated that their company offers an end-of-service gratuity, 10% claim they will receive a pension on retirement. 7% claim to have other forms of benefits.
As much as 21% of UAE respondents claim that their loyalty is completely linked to the salary they earn, while nearly one third (31%) claim that salary it is not linked to loyalty at all. Besides salary, opportunities for career advancement (34%) and the nature of daily responsibilities (33%) emerged as the most important factors driving employee loyalty in the UAE.
In terms of equal pay, while four in ten respondents (40%) claim they “Don’t know/can’t say”, a large proportion (35%) believed that men and women are paid equally for doing the same work and in the same position.
“With salary being such an important factor for both employees and job seekers, we hope that the Bayt.com Salary Survey 2017 will shed light on salaries, savings, and spending in the Middle East,” said Suhail Masri, VP – Employer Solutions, Bayt.com.