High demand for local talent within banking and financial services in 2016

Employment targeting which prioritised the hiring of local candidates over international talent was the biggest issue facing banks in the Middle East in 2015, and this will continue to dominate hiring in 2016.

In addition, the punitive action of global regulators has been another major factor, and this will ensure that in 2016 compliance will once again be the busiest area of recruitment.

Employment targeting which prioritised the hiring of local candidates over international talent was the biggest issue facing banks in the Middle East.

Other than in the compliance area, we do not anticipate significant growth in the banking and financial services jobs market during 2016.

As long as the oil price remains low, organisations will be cautious, with hiring managers tending only to replace employees who are leaving rather than grow headcount.

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