Monster reports 27% surge in online recruitment market in the UAE in Q3
The online recruitment landscape in the UAE has registered the highest growth in the region at 27 percent in the third quarter of 2018 compared to the previous quarter, according to the Q3 Monster Employment Index (MEI).
Monster said the surge in online recruitment across the Emirates over the past three months coincides with the recently announced increase of AED1.97 billion for the current fiscal year allocated from the country's general reserves.
With large proportions of this additional budget being allocated to the National Media Council and the Emirates Space Agency, the MEI has witnessed the highest growth within occupations in Marketing & Communications/Arts/Creative and Engineering with 28 percent and 19 percent respectively.
Other occupations in the UAE to register strong growth in Q3 include Finance and Accounting at 16 percent, and Software/Hardware/Telecom and HR/Admin at 13 percent growth each.
Chemicals (plastic, rubber, paints, fertilizer and pesticides) rose by 15 percent, while Production (manufacturing, automotive and ancillary) and Oil and Gas each recorded 12 percent growth.
Abhijeet Mukherjee, CEO, Monster.com, APAC & Middle East, said: “The quick impact that the announcement of the budget increase had on the related sectors is very impressive. With online recruitment offering a glimpse of the areas that local businesses are focusing on, it is evident that companies in the UAE are quick to respond to the government’s agenda.
"We have already seen a spike in demand for engineers and media professionals which may be a result of the national focus on these sectors for the remainder of this year.
“The government has also recently announced the Tomorrow 21 initiative to stimulate the economy of the capital city. It will be interesting to see how the recruitment landscape will transform in the early months of the year ahead as a result of this announcement,” added Mukherjee.
The government launched the Tomorrow 21 initiative last month whereby $13.6 billion have been allocated to stimulate the economy of Abu Dhabi. The initiative is a phased plan comprised of 50 projects that are set to advance the capital for the benefit of its citizens, residents and investors.