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

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

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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 story to tell? Email him at eic@theglobalfilipinomagazine.com.

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