54% of UAE employees expect pay hike in 2019
Salary is an integral part of an employee’s reward
Over half (54 per cent) of employees expect to receive a raise in 2019, with 17 per cent expecting a raise of up to10 per cent, said a report.
The survey, administered by Bayt.com, a leading job site in the Middle East, and YouGov, a global pioneer in online market research, aims to gauge employee satisfaction with their current salaries and the varying components that contribute to it, as well as explore the drivers of loyalty towards employers and the significance of salary in career satisfaction and general wellbeing.
“Salary is an integral part of an employee’s reward and the Bayt.com Middle East and North Africa Salary Survey 2019 aims to define major factors driving the salary expectations and how they are evolving,” said Omar Tahboub, general manager ofBayt.com. “We make this data available to our 36 million members and our 40,000 employers to ensure everyone is empowered with the right pieces of information to help them make educated career decisions.”
In terms of salary, 61 per cent of respondents claim that their current salary package consists of basic salary with benefits. While 23 per cent claim that it consists of basic salary only,16 per cent said they receive a basic salary as well as a commission and benefits.
When it came to the preferred pay structure, 58 per cent o UAE respondents said they prefer a ‘100 per cent fixed pay structure’, 34 per cent said they prefer a ‘partially-fixed pay structure with a variable pay for commissions and incentives, while 8 per cent prefer a ‘100 per cent variable pay structure.
Among the various benefits employees receive, personal medical insurance (48 per cent), transportation allowance (27 per cent), bonus (25 per cent) and family medical insurance (16 per cent) are found to be the top benefits in the UAE.
In addition, over half (54 per cent) of respondents from the UAE expect to receive a raise in 2019, with the largest proportion of these respondents (18 per cent) expecting a raise of 1 to 5 per cent.
Respondent profile
Among those surveyed, just over half (56 per cent) of all UAE respondents have been working in their current industry for up to six years, with another quarter (23 per cent) having worked in their industry for more than 10 years. When it came to specific employers, a majority (83 per cent) of respondents have been working with their current employer for six years or less, with 49 per cent having worked for their employer for less than three years.
In their current role, 27 per cent of professionals claim to be ‘midway in terms of seniority’ when asked about the level they have reached in their career path, with another 29 per cent claiming they are ‘fairly senior level but not at the top yet’, 26 per cent report being in the ‘early days of their career’, and 18 per cent being at the ‘most senior level’ they can achieve.
Kerry McLaren, head of Omnibus Mena at YouGov said: “The Middle East and North Africa Salary Survey 2019 illustrates the job market from employees’ perspective, helping candidates understand their worth in the current job market, and provides professionals with evidence when deciding whether to invest time and money in further qualifications. It also helps you determine if your current remuneration is fair when compared to industry standards.”
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