Dubai: There aren’t that many job vacancies right now – but be prepared for a 15-20 per cent cut in salary expectations even for those positions that are still open. Businesses in the UAE are definitely not in a generous mood when it comes to hiring, with salary cuts now part of the new normal.
And they are definitely not willing to take on new hires without extracting some cost benefit from them. “We have seen major [salary] cuts across the board in hospitality, real estate, professional services and in retail,” said Vijay Gandhi, regional head at Korn Ferry Digital, the recruitment consultancy.
“And once the headcount correction is complete in [the local] financial services and energy sector, we may see more cuts in rewards and benefits in these categories as well.”
The salary cuts are slowly extending their way into the healthcare sector as well – just about every non-COVID-19 facing medical category is coming across cuts in the number of working hours and, by extension, their take home packages.
By end of June, more businesses and sectors in the UAE will have a better understanding of their short-term revenue prospects. By then, they will also have a better reading on what their staff strength should be – and whether there should be more trimming of the workforce. Or whether they should consider a few hires as well.
A long summer
So, realistically, it could be September before such decisions need to be taken. The coming weeks will then prove to be laden with anxiety for those who are expecting to land a job option after being laid off at their current employers.
There are multiple instances of recruitment decisions having been made in February/March, and then the companies rescinding those offers to the chosen candidates citing the business uncertainty.
“The decision to hire is taking longer – so job creation is now 4-6 weeks from interview and selection compared to 4-6 days in the past,” said Gandhi.
The lucky ones
Recently, free zones and other entities had made it easier for personnel on the visa of one entity being able to smoothly transfer to another if they are likely to be made redundant. “We are seeing more flexibility being offered by the authorities given the circumstances, and the visa transfer process is happening,” said Gandhi.
“But in the vast majority of cases, businesses are going to wait and watch before normal hiring activity starts. Organizations will look to hire from September.”
A few hires are still happening
Even in the business turmoil set off by COVID-19, a few categories are still offering jobs. At the entry level, logistics services personnel and drivers with experience remain in demand.
Not just “routine jobs, there have been confirmations in more technical roles such as procurement and operations in healthcare and e-commerce,” said Gandhi. “Employers should keep an eye for good talent and have the talent acquisition team actively looking for good profiles.
“As such, organizations are not only looking at “right sizing” in numbers but also “future proofing” on what kind of skilled talent will help them in the post-COVID-19 world.”
But for the candidates, the present will be about waiting around for the call to come.
Comments
It's actually a cool and useful piece of info. I am glad
that you shared this helpful info with us. Please stay us informed like this.
Thanks for sharing.
My homepage :: best digital baby
grand piano: http://www.120qiaoxing.com/comment/html/index.php?page=1&id=202
I do not even know how I stopped up here, but I assumed this post used to be great.
I do not realize who you are however definitely you are going
to a well-known blogger for those who aren't already.
Cheers!
Here is my page :: best entry level digital piano: http://owencollier.com/index.php/component/k2/itemlist/user/1120707
Hi! This post couldn't be written any better! Reading this
post reminds me of my old room mate! He always kept talking about this.
I will forward this write-up to him. Fairly certain he will have a good read.
Thanks for sharing!
Look at my website - Yamaha digital pianos
reviews: http://empresasmondejar.com/?option=com_k2&view=itemlist&task=user&id=7…
This is really attention-grabbing, You are a very
skilled blogger. I have joined your feed and sit up for in the hunt for
extra of your fantastic post. Additionally, I've shared your site in my social networks
Check out my site: best digital
piano Weighted keys: http://jiaozhanji.net/comment/html/index.php?page=1&id=18177
Hi to every body, it's my first go to see of
this web site; this web site contains remarkable and truly excellent material designed for readers.
Visit my web blog ... which keyboard: http://hldtxx.gznsjy.net/comment/html/index.php?page=1&id=11860
It's very straightforward to find out any topic on web as compared to
textbooks, as I found this article at this web page.
Here is my web site: what is digital piano (Larae: http://www.diluya.cn/comment/html/index.php?page=1&id=89918)
Hello to every body, it's my first go to see of this web site; this weblog contains amazing
and actually good material designed for visitors.
my homepage: digital piano reviews 2014: http://www.ys12345.com/comment/html/index.php?page=1&id=34993
Add new comment