News More companies in UAE plan to cut headcount, employees'...

More companies in UAE plan to cut headcount, employees’ salaries: survey

-

A survey conducted by Mercer suggested that more companies in the UAE are eyeing to retrench more employees and deduct their salaries because of the direct impact of Covid-19 in their business. 

It revealed that 10 percent of companies in UAE reduced salaries on a ‘temporary basis.’ Meanwhile, 30 percent have plans to cut the workforce. 

It added that the market in the country still experienced positive salary inflation and 25 percent of the respondents have reported an increase in productivity as a result of employees working from him. 

The survey, which has 500 respondents, also revealed an actual annual salary increase of 3.8 percent across the general market. 

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