Employment in Middle East construction
According to a ‘Hiring Outlook Survey’, September 2015, carried out by jobs portal NaukriGulf, jobs are likely to be created the region as most of the employers across the Middle East expect new vacancies to be created in the next six months.
Fifty-eight percent of recruiters expect new jobs to be created in the months ahead, giving hope to candidates who may be currently looking to switch jobs or find new ones, Emirates 24/7 quoted the September hiring outlook
Naukrigulf is a job website based out of India. It offers recruitment solutions to jobseekers caters for the employment markets of the Middle East generally and those of the GCC in particular. It is owned by InfoEdge India and was started in 1997 whilst its international operations begun with the launch of Naukrigulf in July 2006.
The survey was conducted among 140 recruiters in the Middle East, of which 79% were employers, and 21% were recruitment consultants. It despite the recent decline in oil prices, oil and gas, that should normally lead towards a dip in the creation of new jobs, informs that 49% of surveyed companies have plans to hire for new positions, while 90% intend to go out for general or for replacement positions hiring.
No less than 84% of all respondents reported attrition is reducing and stood under 15% in September 2015 and that 76% of the employers expect attrition to either remain stable or reduce further over the next six months.
As for the recruitment consultants; they expect the regional construction sector to dominate all new job creation but Banking and Finance, Hospitality, and Retail in this order are nevertheless strong contenders for new job creation over the next six months.
A majority of the expatriate employee workforce presently in the region are hopeful of new jobs in the market and certain sectors look more promising than others when it comes to opportunities, the report said.
The survey found that 60% of the employers believe the talent crunch in the market has eased over the last six months, and that 52% of them are confident about not facing any skills shortages in the next six months. It notably found that the maximum talent crunch is within the middle management and professional’s roles segment and amongst Asian nationals.
This survey has most importantly confirmed that as put by Tarun Aggarwal of Naukrigulf.com, “As far as job creation and hiring scenario are concerned, 2015 looks to be a better year than 2014, adding :
“However, construction and allied sectors continue to grow, given the build-up towards Dubai Expo 2020, 2022 FIFA World Cup, and increased focus on infrastructure development. The overall economic outlook, hence, remains largely positive.”