Gulf salaries predicted to rise 5.5% in 2014

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Companies across the UAE are predicting an average salary increase of five percent in 2014, according to latest figures released by Aon Hewitt.

The company said in a statement that the figure is in line with forecasts made for 2013 and 2012, which were 5.1 percent and 5.2 percent respectively.

Aon Hewitt said the wage rises indicated "economic stability and a continued confidence in the country's business environment amongst organisations in the UAE".

Across the GCC, companies are predicting an average salary increase of 5.5 percent for 2014, with Saudi Arabia-based companies giving the highest salary increase projection of six percent.

Kuwait and Oman firms estimated a 5.6 percent salary growth, similar to the 2013 predictions, while companies in Bahrain forecasted 5.2 percent - an increase on last year's 4.7 percent projection.

Based on data from more than 500 organisations across the Middle East, including 180 in the UAE, the report showed there was a clear correlation between performance and salary increases.

Figures showed that a 7.2 percent salary increase was given for those 'far exceeding expectations' compared to a 0.1 percent salary increase for employees that 'did not meet expectations'.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: nimby

here we go again crystal ball at the ready.
No facts, no figures, just more endless hype over substance.

How about you compare what actually happened with last year's pick-a-percentage-and-make-it-look-good prophecy?

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi Arabia builds start-up culture with state oil money

Saudi Arabia builds start-up culture with state oil money

Gov't has previously has found it hard to promote start-ups in...

Why PE's back in vogue in the Middle East

Why PE's back in vogue in the Middle East

Confidence is returning to the Gulf’s private equity market after...

The curious case of David Haigh

The curious case of David Haigh

The story of how the former Leeds United boss went from football...

3
Most Discussed