Good news for UAE workers: Pay to rise faster than inflation in 2014
"UAE pay awards are broadly in line with other countries across the Gulf and with the lowest anticipated inflation in the region, real income rises in the UAE are predicted to be second only to Kuwait,” he added.
The results show healthy pay rises across the Middle East with salary increases in Kuwait, Oman, Saudi Arabia, Bahrain and Qatar, all between 5 and 6 per cent.
Projected pay increases by GCC countries in 2014:
The results show healthy pay rises across the Middle East with salary increases in Kuwait, Oman, Saudi Arabia, Bahrain and Qatar, all between 5 and 6 per cent.
Projected pay increases by GCC countries in 2014:
Country | Avg Pay Hike | Proj. Inflation | Real Pay Hike for employees |
UAE | 5% | 2.5% | 2.5% |
Kuwait | 6% | 3.2% | 2.8% |
Oman | 5.3% | 2.8% | 2.5% |
Saudi Arabia | 5.5% | 3.3% | 2.2% |
Bahrain | 5% | 3.1% | 1.9% |
Qatar | 5.3% | 4.2% | 1.1% |
“In a fast moving and rapidly growing ec
onomy such as the UAE, circumstances change quickly and companies often find their pay policies out of date if they are not monitored closely and refreshed regularly,” concluded Turriff.
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