In a recent survey conducted by Michael Page, the UAE Salary Guide 2024 discloses that a majority of employees in the United Arab Emirates are actively seeking job changes, driven by factors such as a desire for a better salary package, limited career development opportunities, and the need for increased responsibilities.
Despite prevailing economic challenges worldwide, the guide indicates that hiring sentiments in the UAE remain positive. A notable finding from the survey is that over 70 percent of respondents express optimism about an enhanced work-life balance in the coming year.
Furthermore, the survey sheds light on the growing trend of professionals moving to the UAE with long-term plans. Approximately 73 percent of respondents intend to stay in the country for five years or more, citing career prospects, safety, and living conditions as the top three influencing factors.
UAE Salary Guide 2024 discloses that a majority of employees in the United Arab Emirates are actively seeking job changes
The Michael Page Salary Guide 2024 also provides industry-specific pay scales to offer insights into the compensation landscape. In the human resources sector, salaries range from AED25,000 for HR Coordinators/Specialists to AED85,000 for Vice Presidents/Chief Human Resources Officers.
In wholesale banking, the pay scales vary from AED25,000 for Relationship Officers/Assistant Relationship Managers to AED160,000 for Heads of Wholesale Banking (EVP).
For investment banking professionals, salaries span from AED25,000 for Analysts to AED130,000 for Managing Directors.
The comprehensive guide aims to assist both employers and employees in navigating the dynamic job market, providing valuable information on salary expectations and industry trends in the UAE for the year 2024.
