[STUDY] 75% companies in Qatar to add jobs in 2014; hospitality & retail to dominate job growth
Qatar and other countries in the GCC region will witness a rise in job creation and salaries in 2014, according to a report published by online recruitment portal GulfTalent. The report is based on a survey, which includes responses from 800 employers and 34000 professionals including 60 interviews with executives and HR professionals.
In Qatar, 75% of companies will create jobs this year due to the development of major infrastructural projects in preparation for the FIFA World Cup.
Some of the other findings of the report are detailed below:
- Qatar leads the list of countries where job creation will take place with 75% companies to do so. Following Qatar are Saudi Arabia and the UAE with 63% and 57% firms, respectively.
- The hospitality and retail sectors in the region are expecting high growth due to which 61% of companies in the hospitality sector and 57% in the retail sector will increase their employee strength. A rapid population growth and an increasing population growth and higher penetration of retail outlets in remote locations are the two main propellers of growth in the retail sector.
- Apart from employment, salaries across the GCC are forecasted to rise compared with 2013 figures. Employees in Oman might receive an average pay increase of 8%, followed by Saudi Arabia with 6.8%. Qatar at 6.7% and the UAE at 5.9% are next on this list. In contrast, Bahrain at 3.9% and Kuwait at 5.8% will face relatively lower salary increases.
According to the report titled ‘Employment and Salary Trends in the Gulf’, the healthcare sector dominated 2013 with job creation across 80% companies in the region. With 62% firms adding jobs, Saudi Arabia led the way in job creation in the GCC, followed by the UAE and Kuwait.