Monday, April 15, 2024

75% of UAE companies increase hiring as epidemic recovery accelerates


Most companies in the UAE expect their earnings to increase by up to 50% over the next 12 months, with the business making a strong comeback to recovery, “Corona” recovering from its lows during the epidemic, executives expecting employee recruitment and investment ratios to grow. In accordance.

The study, published by HSBC and covering 2,000 leading companies worldwide, expects three (75%) of every four companies in the UAE to hire more employees in the next 12 months. Competition expected to attract the necessary and appropriate skills to implement ambitious development projects.

“The new HSBC Navigator report on the future of jobs clearly shows that CEOs believe that competition to attract talent is important,” Daniel Howlet, HSBC regional business president for the Middle East, North Africa and Turkey, said in a statement yesterday. Improve sustainable profits, especially as companies (corona) recover from the effects of the epidemic. ”

90% of surveyed companies believe that there is a strong link between labor investment and business success.

Howlet explained that the companies participating in the study in the UAE aim to achieve an average return of 25% over the next 12 months, while eight out of every 10 companies (80%) confirm that they have already invested. Significant amount in hiring more companies.

He said, “The business community in the United Arab Emirates is one of the most dynamic communities in the world, and it is rapidly adapting to global trends, prioritizing employee welfare, training, skills development and flexible work.”

According to the study, the majority of business leaders surveyed in the UAE (97%) agreed that future optimal employment arrangements would include long-distance work in close order with some global colleagues (95%). More than half said they support employees by providing digital skills training (52%), while (44%) support providing work-life balance programs to prepare employees for a flexible work future.

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The study revealed that there are four areas where Emirati companies focus on improving the skills of their employees. 41%), and cyber security (40%). And environmental, social and corporate management structures (38%).

The future of the job

The study pointed out that salary is still a key factor in attracting and retaining skills in the UAE, which 47% of business leaders point to, but executives are increasingly focusing on employee feedback that sees flexible work arrangements that promote growth and corporate culture.

The study pointed out that managing costs in the coming months (64%) is the biggest challenge facing companies in the country, but a flexible work environment can help manage costs (77%), improve employee productivity (76%) and improve profits (76%).

UAE leads innovation

The HSBC study pointed out that Emirati companies are the most trusted in the world in leading innovations in new products and customer service, with 74% of companies expressing confidence in achieving priorities to improve customer experience, which is the third highest in the world at Mexico (77%) and China (77%).

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Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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