UAE advertised job vacancies for professionals rise by 8%, finds Robert Walters
The latest Robert Walters Middle East Jobs Index has revealed that vacancies for professionals across the United Arab Emirates increased by 8% between Q4 2015 and Q1 2016.
Despite uncertainty in the financial markets, employers across a range of sectors have looked to expand over the last three months, spurring demand for a wide range of professionals. This is evident in sectors such as sales and marketing and legal.
Globally, the financial services sector is restructuring and the decrease in advertised roles of professionals suggests the Middle East is no exception. With a greater focus on retail banking than that of investment banking, however, the downturn has been felt on a lesser scale in the UAE than in other regions.
In accounting and finance, there was a slight decline in advertised roles as market conditions force large financial institutions, such as the big four audit firms, to defer all but the most critical hires until later in the year. We do expect an upturn in market confidence towards the end of 2016, which should see more advertised jobs within this sector.
The overall trend is one of improvement with business confidence returning in some of the sectors worse hit in Q4 2015.
Jason Grundy, country head at Robert Walters in the Middle East, commented, “Although the UAE remains a popular choice for expats, and indeed job vacancy posts receive a lot of interest globally, we are seeing an increasing gap in company requirements and talent available in the region.
“We have seen increased interest from clients to take up bespoke job advertising plans, placing adverts across multiple job boards and jurisdictions in order to reach wider audiences. We believe this trend will continue and companies will need to ensure they remain attractive and visible prospects for prospective employees in order to not compromise their hiring objectives.”