High inflation pushes UAE employees to look for new jobs
Most UAE empoyees are now looking for new jobs to earn higher salaries, as they struggle to cope with the rising cost of living, according to a new survey by recruitment specialist Robert Half.
More than half (52%) of employees polled for the study said it is becoming hard to afford their monthly living expenses, while around three in five (59%) are worried about living costs and their impact.
74% of workers are considering a new role in 2023 and 56% do it to meet financial needs.
Over the past year, the average salary in the UAE has increased by 3.2%, while inflation has gone up by around 5.6%, as per UAE Central Bank estimates.
Keeping top talent
The recruitment specialist suggests that businesses should consider offering higher salaries, extra bonuses, and higher allowances that ease the strain for their workforce and retain their top talent.
So far, only one-third of workers in the UAE have received pay adjustments to meet rising inflation. About a quarter (25%) have also received mental well-being support from their employers, while 18% received finance training