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Mon 11 Jan 2010 11:34 AM

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Confidence returns to UAE job market - poll

Less than a third of employees still fear the axe amid global economic downturn.

Less than a third of employees in Dubai are concerned that they will lose their jobs as confidence begins to re-emerge in the job market, a new survey published on Monday showed.

The poll carried out by recruitment Robert Half revealed that 20 percent more people felt safe in their jobs, compared to 2009 when the impact of the global economic crisis hit the emirate hard.

The survey also showed that more than a quarter of employees actually experienced a positive effect of the downturn, seeing an increase in their salary or benefits during 2009.

Less than 20 percent of those surveyed saw a cut in salary or experienced redundancy of a colleague in their team, the poll added.

James Sayer, senior manager at Robert Half UAE, said: "The results from the employee survey are very encouraging indeed for the UAE. We are seeing a return of confidence in the job market to employees with Dubai one fifth more confident about their job security compared to last year."

He added: "This is a very positive sign for Dubai; other areas of Europe have seen as much as 42 percent of people feeling less confident about their job security compared to a year ago."

Sayer added that Robert Half had also seen activity return to the recruitment market coming in to Q4 2009, with companies starting to hire again as they started to recover from the downturn.

"We expect this increase in confidence for both employees and employers to continue in to 2010," he said.

Respondents in Dubai also expressed high levels of optimism and satisfaction about the company they worked for and its future prospects - 84 percent believed their company was financially stable, while 82 percent were optimistic about the future of the company.

These were the second-highest levels of optimism expressed by any country which took part in the global survey.

Sayer added: "Dubai seems to be well-positioned to make a good recovery from the downturn, and this is reflected in the high levels of optimism we are seeing from employees. Other countries still appear to be suffering the worst of the crisis, whilst Dubai appears to be slowly emerging on the other side."

The survey used data collated from 75 locally based finance managers and 76 HR managers working in cross-section of sectors from finance and technology to retail and transportation.

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