The majority of recruiters in the Middle East are buoyant over job creation over the next few months, according to a new survey by leading job site Naukrigulf.com.
While energy sector in the region, hit by cheap oil and gas, is projected to grow slowly, 35 per cent of recruitment consultants expect that construction and its allied sectors will see the maximum job creation.
Banking and finance, hospitality and retail will also witness positive employment creation over the next six months, Naukrigulf Hiring Outlook states.
Meanwhile, 44 per cent employers expect that most new jobs will be created for professionals with three to eight years of work experience.
“As far as job creation and hiring scenario are concerned, 2015 looks to be a better year than 2014. With the recent decline in oil prices, oil and gas and related sectors are expected to see a dip in the creation of new jobs. However, construction and allied sectors continue to grow, given the build-up towards Expo 2020 in UAE, the FIFA World Cup 2022 in Qatar and increased focus on infrastructure development,” says Tarun Aggarwal, Business Head – Naukrigulf.com.
“The overall economic outlook, hence, remains largely positive,” he adds.
The survey was conducted among 140 recruiters in the Middle East with employers and recruitment consultants accounting for 79 per cent and 21 per cent of the respondents respectively.
It shows that the region’s employers are likely to enjoy lower attrition in the coming months as market signals a more stable workforce.
Of the respondents in the survey, 84 per cent say that they are enjoying low attrition rates of less than 15 per cent in their organisations in September 2015 compared to 73 per cent seven months ago.