Salaries in the UAE are projected to increase 4.8 per cent next year, says a study by global consultancy Mercer.
The highest hike in salary is expected in life sciences, consumer goods and high-tech industries. But the energy industry, which usually the highest paying sector earlier, has projected hike of only four per cent. This is said to be insufficient if compare to the market average.
When consider the hiring trend, the overall outlook in the UAE is positive with close to 50 per cent of companies looking to increase their headcount and 45 per cent looking to maintain headcount. Three per cent of companies have stated salary freezes in 2018 compared to 10 per cent in 2016, a statistics of Mercer reveals. UNI