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55% of UAE Professionals Want Salary Rise

55% of UAE Professionals Want Salary Rise55% of UAE Professionals Want Salary Rise

The 2015 Bayt.com MENA Salary Survey, conducted by Bayt.com, the Middle East’s number one job site, and leading market research agency, YouGov, has found that more than half of UAE professionals are expecting a salary increase in 2015, although 40% admit that they didn’t receive one in 2014.

Across the MENA region, a little over half (52%) of professionals surveyed claim that their current package consists of basic salary plus benefits. In the UAE, 62% said that they receive a basic salary with benefits; another 15% are also entitled to commissions, bi-me reported.

For over a third of respondents in the UAE (36%) who receive a basic salary along with other benefits, the basic salary consists of 25-50% of their monthly salary package, while for 35% their basic salary represents 51-75% of their overall monthly income. Based on the survey, 63% of respondents in the UAE prefer a 100% fixed-pay structure.

Today, 50% of UAE professionals are unhappy with their income, compared to just 4% who are highly satisfied with what they earn. More than half (57%) of UAE respondents state that men and women get equal pay for doing the same work. Moreover, according to 66% of respondents in the UAE, their salary is lower than what other companies in their industry offer.

Surprisingly, 40% of UAE respondents said that they did not get a pay raise in 2014. For those who did, 25% were either very or modestly happy with their raise. Another 24% thought that their raise was fair in light of their contribution to the company or the organization’s financial situation – or even both. 52% of UAE professionals are quite unhappy or very unhappy with their raise.

Almost a quarter (24%) of UAE respondents do not expect to receive a salary increase in 2015. In parallel, 32% expect a raise of up to 15%.

In the UAE, the most common benefits offered by companies are personal medical insurance (47%) and personal annual air ticket (42%). A total of 74% of UAE professionals claim that their company does not pay for overtime.

 

Financialtribune.com