The majority of UAE residents expect the number of available jobs to increase in the next six months, according to a survey by Bayt.com and YouGov.
“Nearly three quarters (74 per cent) of those who answered the question regarding business conditions in the UAE expect business conditions in the UAE to improve. Some 17 per cent said they expect business conditions to remain the same, while only nine per cent said they could get worse,” read the survey.
The results also showed that more UAE respondents believe that there are currently “plenty of jobs available across various industries” in comparison to those who believe there are “few jobs available across few industries”.
With regards to job satisfaction levels, 50 per cent of UAE respondents are satisfied towards their career growth opportunities and 24 per cent are neutral, said the survey.
It added that a similar pattern was seen when it came to training and professional development, as 50 per cent of respondents said they are satisfied with this aspect, while 19 per cent were neutral.
In terms of work-life balance, 48 percent of UAE respondents said they were satisfied, while 24 percent were neutral, it noted.
The survey also concluded that 53 per cent of UAE respondents believe that career growth opportunities will get better over the next six months, 35 percent said they will remain the same, while only 12 percent said they could get worse.
This positive outlook from respondents was also reflected on their expectations for compensation in the next six months, with 47 per cent believing it will get better. Nearly four in ten (38 per cent) expect their compensation to remain the same, while only 15 per cent said it could get worse.
“As the leading job site in the Middle East, it is our role to provide all professionals with insights on the economic and financial conditions and how they connect to the job market and availability of career opportunities,” said Suhail Masri, Vice President of Employer Solutions at Bayt.com.
“Our organisation works with more than 29 million professionals and provides them with the necessary tools and technologies to enhance their profiles and CVs on our portal. We have also worked with over 40,000 companies who advertise more than 10,000 vacancies on Bayt.com on any given day, as well as use Bayt.com’s CV Search tool to find and recruit thousands of qualified job seekers for their business.”
Personal economic conditions
According to the survey, UAE respondents were asked about their personal financial conditions. Out of those who provided an answer, 63 percent of UAE respondents believe that their family’s financial position will “improve” in the next six months, while 24 per cent of respondents expect their financial conditions to “remain the same as it is now,” while only 12 percent them to become worse.
Looking at current business conditions, more than eight in ten respondents who provided an answer (82 per cent) think they are “good”, “very good”, or “average”. UAE respondents are also very optimistic about future business conditions within the next year, where nearly three quarters (74 per cent) of those who answered the question expect business conditions in the UAE to improve. 17 per cent said they expect business conditions to “remain the same,” while only nine per cent said they could get worse, said the survey.
Anjali Chhabra, Senior Research Manager, YouGov, commented by saying: “It is important for us to regularly conduct thorough research regarding job seekers’ and employed individuals’ sentiments and opinions and share that information with the region. The Middle East Job Seeker Confidence Index survey gives us many insights into the personal, business and economic conditions of the region. For instance, the majority of respondents are anticipating significant improvements in business conditions and availability of jobs. If this holds true, it will surely reflect positively in many other areas in the economy.”