80% of UAE-based SMEs plan to hire

Majority of SME owners in the UAE plan to hire in next six months, according to new survey
80% of UAE-based SMEs plan to hire
Abdul Baset Al Janahi, CEO of Dubai SME.
By Neil King
Mon 14 Oct 2013 04:07 PM

A survey of the 50 top SMEs in the UAE showed that an overwhelming majority plan to hire more staff in the next six months.

Some 81.5 percent of those surveyed say they would look to hire on the back of strong business results towards the last quarter of 2013, requiring extra manpower to support their growing operations.

The remaining 18.5 percent are not planning to hire, but many of this group recruited earlier in the year.

More than 60 percent also said that they harboured concerns over the costs of recruitment, citing visa expenses as the biggest challenge.

HE Abdul Baset Al Janahi, CEO of Dubai SME, said while hiring is important to the growth of SMEs, many would benefit from implementing retention and development strategies for existing employees.

“While many enlightened, willing and able SMEs realise the need to attract, retain and develop good employees, there is still a long way to go.

“Through the Dubai SME100 initiative, we work to create more awareness of human capital development, and showcase good SME role models for other SMEs to learn good practices of their SME peers.”

The UAE has also been ranked 24 out of 122 countries by the World Economic Forum in terms of its ability to tap human capital.

The Human Capital Index 2013 represents 90 percent of the world’s population, and aims to guide countries when formulating policies and making decision on the investment in people’s economic potential.

The UAE ranked well in the Index’s four pillars: education, health and wellness, workforce and employment, and enabling environment.

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