Are you an employee who is under paid? Or are you a recruiter who has been hiring people above industry standards? Whether you are an employee or an employer, the prime question that surrounds for any job is the pay scale. Here is an insight covering salaries for professional jobs (mid to senior level) across UAE.
Do you find it difficult to set up budgets for your new recruits? Do you know the market value of your employees? Worry no more, for here is a comprehensive guide that lets you confidently benchmark salaries for new hires, plan your budgets and better understand the hiring environment.
The guide enables employers and employees to benchmark salaries for the latest remuneration and recruitment trends affecting accounting and finance, financial services, technology, legal, HR and administrative professionals for over 185 different permanent professional roles in the UAE.
With competition on the rise, 68 per cent of employers are planning to attract new employees in 2017 and on an average, pay scales could increase by up to 5.8 per cent in comparison to 2016.
Accountancy and finance
Starting salaries for accounting and finance roles within SMEs.
It has become increasingly difficult to attract expatriate financial services professionals to the region. This combined with increases to DFSA regulation has resulted in firms turning to local talent to fill positions within the sector. As productivity and commercial gains are being closely measured, the demand is high for associate to vice-president level professionals who can add value from day one. Average salary increases for financial services professionals are predicted to rise by 1.2 per cent.
The adoption of emerging technologies, ERP platforms and mobile solutions is driving a strong demand for talented technology professionals to the region on both local and international basis. Overall, technology roles are set to receive a starting salary average increase of 2.4 per cent.
Human resources and administration
The need to attract and retain key professionals within the region has become a strategic priority for HR departments within organisations of all sizes. Roles across HR and administrations are expected to see an average rise of 3.8 per cent.
Western-educated legal professionals with international experience combined with local compliance and regulation knowledge are highly valued, and are in high demand. Roles within the legal function, both in-house and within private practice, are predicted to receive an average starting salary increase of 3 per cent.