Dubai finance execs to hire more staff – poll

More than half of Dubai’s finance executives are looking to recruit new staff before the end of the year, according to the findings of a study released on Tuesday.
According to the bi-annual Robert Half Hiring Index, the emirate’s hiring forecast for the sector in the 2H2012 is the second strongest in the world behind Brazil (57 percent of finance executives) and 29 percentage points higher than the global net average of 24 percent.
The survey found the key driver behind this hiring drive was increasing workloads (cited by 64 percent of respondents), while 81 percent claimed they find it difficult to hire skilled finance professionals.
Just under one in ten (8 percent) of Dubai finance executives said they planned to shed staff.

While some of the larger multinationals are delaying adding to their headcount due to the ongoing uncertainty in the euro zone, many local companies are hiring in response to strong growth and demand in the region,” said James Sayer, director, Robert Half UAE.
Just under half of polled financial executives (49 percent) in the emirate said they expected to give pay rises to employees, at an average increase of 6.97 percent. Slightly over a third (35 percent) said they planned to dish out bonuses to staff in the second half this year, with a 6.35 percent average increase in these payments.

By Daniel Shane, 28 August 2012