Most UAE companies to hire next year

Good news seems to be flowing in for those looking for a job change as more employment opportunities are expected to open up in one year’s time. This time the private sector is expected to be in a growth momentum and more jobs can be expected to be at the junior level.

According to a new survey by Bayt.com and YouGov, 62 per cent of UAE companies are considering hiring in a year’s time.

The job index reveals that the majority of jobs, in the next three months, will come from the private sector with most companies looking to hire five or less people in the next three months mostly to fill junior executive positions.

“Over the next three months, 21 per cent of companies in the UAE will be ‘definitely hiring’, with a further 28 per cent ‘probably hiring’. The majority of these jobs are likely to come from the private sector which, regionally, has the highest hiring levels; survey statistics show that multi-national companies (MNCs) will offer the most jobs, with 30 per cent ‘definitely hiring’. This is followed by large local companies (29 per cent) and small-medium local enterprises (SMEs) (27 per cent). From the public sector (including government, charities, semi- and quasi-public companies), 22 per cent stated that they will be ‘definitely hiring’ in the next three months,” read the survey.

Over the next one year, the figures look more promising. Within this time-frame, 34 per cent of MNCs will be ‘definitely hiring’, as will 31 per cent of large local companies, 26 per cent of local SMEs, and 23 per cent of public sector companies.

“Statistics across the region are very similar. Companies for the most part are less likely to hire in the coming three months, though it’s interesting to note that local companies have the largest cumulative percentages of ‘definitely’ and ‘probably hiring’. In that respect, SMEs will make up the bulk of employment possibilities in a year’s time, suggesting that there may be an increase in start-up companies,” commented Amer Zureikat, Vice President - Sales, Bayt.com.

“The number and type of employees sought by companies is suggestive that there are still cost-conscious initiatives at play which extend themselves to the HR arena".

The survey shows that majority of the openings will be at junior levels but demand for executives is also expected to pick up steam. The findings show that companies across the region looking to hire in the next three months are predominantly seeking employees for junior executive positions (37 per cent), although there is also a relatively high demand for executives (30 per cent), coordinators (29 per cent) and senior executives (27 per cent). Most companies (49 per cent) will offer less than five jobs, while an additional 20 per cent will look to hire between 6-10 new employees. In the same timeframe, a cumulative 71 per cent of UAE companies who claim they will hire in the next three months, will look for ten or less employees; of these, 48 per cent will have five or less positions to fill.

The industries that are attracting or retaining top talent across the region are banking and finance (36 per cent), telecommunications (35 per cent) and construction (31 per cent). In the UAE, oil, gas and petrochemicals ranked first (39 per cent), followed by banking and finance (36 per cent) and construction (27 per cent).

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