News UAE companies offer 15 to 20% lower salaries as...

UAE companies offer 15 to 20% lower salaries as ‘new normal’ takes effect

-

As companies in the UAE gradually reopen, a Dubai-based consultant  finds out that they’re offering 15 to 20 percent lower salaries for newly-hired employees. 

Companies are also imposing the ‘new normal’ 4-day work for employees as they maintain temporary pay cuts. 

The current market dynamics is being dictated by the fact that job seekers want to settle down in the country with a lower salary to avoid going back home. 

“The good news is that new hiring is slowly picking up as we see more organizations getting back physically to work and starting to fill the essential roles which were stalled per-Covid. The temporary drop in base pay for 3 to 4 months for existing jobholders should end by August/September in a majority of the companies. The average drop we foresee for new joiners is 15-20 percent less than people working at the same level,” Vijay Gandhi, regional director of Korn Ferry told Gulf News. 

Gandhi added that salary growth for new joiners will ‘take time’ as business re-invents for the new normal and optimizers with better technology and choosing what they need to start, stop, and continue doing,” he added. 

Ryan Namia
Ryan Namia spends most of his days reading over drafts of new written content and determining which ones make the final cut for online and print publication. He received his Bachelor's degree in Journalism in 2015 and has been writing since 2016. Got a story to tell? Email him at eic@theglobalfilipinomagazine.com. Or follow his IG @rtnamia.

Latest news

First electric vehicle joins Dubai Police fleet of luxury patrols

The Dubai Police General Command has added to its fleet of luxury patrol cars the first electric...

Filipino Institute campus in UAE gets more eco-friendly

Learning in a healthy and clean environment may benefit everyone's well-being. In spite of the fact that...

OFWs in UAE reveal why they choose to stay with their employers

An employee stays in a company for many reasons–perhaps it’s about a good boss, a well-paying job,...

63 hawakan ng kutsara na-rekober sa loob ng tiyan ng isang pasyente

Na-recover ng mga doctor sa India ang 63 hawakan ng mga kustara sa tiyan ng isang lalaki...
- Advertisement -

Peso may weaken to as much as P65 to $1

Dapat umanong paghandaan ng Pilipinas ang posibilidad na humina ang piso hanggang P65 laban sa US dollar...

5,000 people in Dubai take advantage of Careem’s free meal

Around 5,000 people in Dubai have availed of Careem’s initiative which allowed app users to purchase to...

Must read

You might also likeRELATED
Recommended to you