Salaries In The UAE, To Increase 5% More Next Year

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At a rate of 5%, salaries in the United Arab Emirates are anticipated to grow by next year. Salaries In The UAE, To Increase 5% More Next YearThis is the result of the report made by Global Salary Increase Survey by Aon Hewitt, a human resources firm.
This annual report let firms to compare their own forecasts with those of the wider market, helping them to remain competitive.
According to the firm, this shows that the region’s economy is reaching its stability and persistent confidence among groups in business environment of the country.
Pay increases were found to be linked to employee performance with figures showing that a 7.2 per cent salary increase was given for those “far exceeding expectations” compared to a 0.1 per cent salary increase for employees that “did not meet expectations”.
“While linking individual performance to pay is not uncommon, we advise employers to use annual bonus payments as the larger component for rewarding high performers,” a manager of Aon Hewitt-Middle East said.
“Salary increases typically take into consideration a number of other factors as well as performance, including inflation, rises to reflect promotions, and the need to ensure that employees at the same grade remain within a single pay band.”
Across the Arabian Gulf states, companies predicted an average salary increase of 5.5 per cent next year, matching forecasts made for 2012 and 2013.
Five-hundred companies from the Middle East, including 180 from the UAE, took part in the survey.