Hiring trends in the Middle East for 2018
With ongoing political and economic uncertainty and the current oil price, the Middle East will continue to face a challenging period during 2018.
Bank consolidations are likely to impact demand for professionals in related sectors but will create opportunities for legal professionals specialising in mergers and acquisitions. Fintech and manufacturing will remain growth sectors, spurred by government incentives to diversify industries in the region.
Nationalisation programmes will create opportunities for UAE and Saudi nationals, particularly those who have experience working overseas combined with an understanding of local business culture.
Sales professionals will remain in demand as businesses expand their markets to overcome the local challenging economic conditions.
When recruiting, employers should consider the stagnant salary environment of 2017 along with the trend towards withdrawing or reducing benefits. Growth in the second half of 2018 is likely to make compensation packages a key priority for many professionals. Employers that do not adapt are likely to lose key personnel.
Despite 2017 being a challenging year, there is an expectation of growth in 2018. This is dependent on global oil demand, regional conflicts and the strength of the dollar combined with more local economic events such as real estate supply.
Highly skilled professionals will always be in demand in the Gulf and the long-term outlook remains positive.