By Daniel Shane
Study finds that over half of finance execs plan to take on new employees this year
More than half of Dubai’s finance executives are looking to
recruit new staff before the end of the year, according to the findings
of a study released on Tuesday.
According to the bi-annual Robert Half Hiring Index, the
emirate’s hiring forecast for the sector in the 2H2012 is the second strongest
in the world behind Brazil (57 percent of finance executives) and 29 percentage
points higher than the global net average of 24 percent.
The survey found the key driver behind this hiring drive
was increasing workloads (cited by 64 percent of respondents), while 81 percent
claimed they find it difficult to hire skilled finance professionals.
Just under one in ten (8 percent) of Dubai finance executives
said they planned to shed staff.
“While some of the
larger multinationals are delaying adding to their headcount due to the ongoing
uncertainty in the euro zone, many local companies are hiring in response to
strong growth and demand in the region,” said James Sayer, director, Robert
Just under half of polled financial executives (49 percent)
in the emirate said they expected to give pay rises to employees, at an average
increase of 6.97 percent. Slightly over a third (35 percent) said they planned
to dish out bonuses to staff in the second half this year, with a 6.35
percent average increase in these payments.