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PHOTO BY ARCHIVE
DUBAI – A survey has revealed that fewer employees in the UAE will get salary increases in 2021 as majority of companies recover from the effects of the Covid-19 pandemic.
A report from recruitment agency Cooper Fitch, the UAE Salary Guide for 2021, surveyed 200 companies in the UAE.
About 45 percent of companies surveyed said they have not yet decided whether to implement salary increases in 2021, while a 33 percent said there would be no salary increases this year.
Trefor Murphy, chief executive and founder of Cooper Fitch, said the survey showed “continued high level of uncertainty among businesses”.
“We believe this trend will prevail until the factors that are negatively impacting the market – lower oil prices, the after-effects of the pandemic and so on – gradually improve throughout 2021,” he said.
However, the study offered some good news with an indication that companies may start hiring again to fill positions that were made redundant during the pandemic.
It is expected that companies in the technology, advisory and financial sectors will continue to flourish in 2021 and can positively impact the recruitment market. ICA/Expat Media
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