According to a Bayt.com and YouGov survey.
53% of professionals in the UAE expect a salary increase in 2023
More than a third of employees confirmed that their loyalty to their company is not related to salary.
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Ola Haddad: “Employers should take care of the compensation package that is offered to employees, and consider their expectations regarding salaries.”
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The Middle East and North Africa salary survey for 2023 revealed that seven out of 10 professionals in the UAE (70%) believed that salaries would either increase or remain the same, while 53% expected to receive an increase in their salaries during the current year.
In the recent survey conducted by Bayt.com, the largest job site in the Middle East, in cooperation with YouGov, the market research organization, 57% of the respondents said that their current salary package includes the basic salary, in addition to benefits, while 26% stated % that it includes the basic salary only, while 18% reported that it includes the basic salary, benefits and commissions.
30% of the respondents stated that their companies provide financial compensation for overtime.
As for the preferred wage structure, two-thirds (66%) of respondents prefer a 100% fixed wage structure, while 25% prefer a partially fixed wage structure with variable pay that includes commissions and incentives.
The most common benefits received by employees in the UAE included personal health insurance (46%), annual airline ticket allowance (33%) and bonuses (27%).
33% of the respondents stated that their loyalty to their companies is not related to the salary they receive, while 35% believe that their loyalty is largely or completely linked to the salary that the company offers them.
In addition to salary, opportunities for career advancement (32%), the nature of daily responsibilities (30%), and line managers (27%) are factors that enhance loyalty.
When asked about their career plans over the next 12 months, 61% of respondents in the UAE said they would look for a better job in their same field, while 43% said they plan to look for a better job in a different sector.
With regard to quality of life, nearly two-thirds (65%) of respondents in the country believe that they are better off or living at a similar level as members of their generation in their country of residence.
As for investments, 23% of respondents said they make regular financial investments, with 12% saying they invest in their own business.
Ola Haddad, Managing Director of Human Resources at Bayt.com, said: “The annual salary survey reveals some developments that include the current salary structure and levels, salary satisfaction rate, and perceptions related to the cost of living, which provides an overview of the labor market and the economy as a whole. ».
She added that "employers today must pay attention to the compensation package that is offered to employees, and consider their expectations regarding salaries."
For his part, Zafer Shah, Director of Research at YouGov, said, "The salary questionnaire sheds light on the labor market from the employees' perspective, and helps candidates know their value in the current labor market, and employers know what serves the interest of the company and employees."
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The data of the “Salaries in the Middle East and North Africa 2023” survey was collected online, during the period between November 16 and 28, 2022, with the participation of 2,941 people from the UAE, Saudi Arabia, Kuwait, Oman, Qatar, Bahrain, Lebanon, Jordan, Iraq, Palestine and Syria. Egypt, Morocco, Algeria, Tunisia, Libya, Sudan, and others.
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