In a recent study released by Michael Page, it was unveiled that a significant majority of the workforce in the UAE, over two-thirds, are planning to remain in the country for the next five years or more. The 2024 UAE Salary Guide highlighted that for 73 percent of employees, the country’s thriving economy is a major pull factor. Key reasons such as career prospects, safety, living conditions, competitive salaries, and the economic stability of the region contribute to their decision to settle in the UAE for an extended period.
The global HR and recruitment consultancy firm noted a shift in candidate preferences, with many now viewing the UAE as a long-term career hub. This change is attributed to the comprehensive packages and career advancement opportunities offered by organizations in the region. The UAE government’s introduction of various visas, including golden, retirement, and freelance visas, has further solidified the country’s appeal, drawing professionals globally due to its economic stability and quality of life.
Jon Ede, the regional director for UAE at Michael Page, remarked on the country’s pivotal role in attracting and nurturing top talent worldwide. The report revealed a positive sentiment among UAE employees about the current (74 percent) and future (79 percent) job market. However, satisfaction levels concerning company culture, salaries, and promotion opportunities indicate room for improvement.
The survey also pointed out a notable shift in job market trends, with salary becoming a prominent motivator for job changes, overtaking the previously dominant work/life balance factor. This trend mirrors the rising cost of living and economic changes.
Despite the challenges, a remarkable 80 percent of candidates are confident in securing a new role within three months, mainly driven by the desire for better salary packages, career advancement, and a conducive work-life balance. Ede acknowledged the robust recruitment landscape in the UAE, particularly in non-oil sectors, and emphasized the continued commitment of organizations to attract and retain skilled talent to support their growth ambitions for 2024 and beyond.
