Despite the drastic economic crisis in GCC countries like Saudi Arabia, Bahrain, Kuwait, Qatar, Oman and UAE, a recent survey claims that salary increase is set to get implemented by next year.
A recent survey conducted global recruitment company, Aeon Hewitt, states that these salary increase were brought by fluctuating oil prices and an initiative to expand the national economies. However, it is also said that the lowering price of oil will not affect the said salary increase because the growth of GDP is estimated to grow by 2017 across most regions for up to 3.3% compared to last year’s 3%.
Yasmeena has been working in Dubai for a couple of years said that she do not think the salary increase will be available next year especially because the company she is working is not financially stable. She added that the last salary increase she got was in 2013.
The salary increase for GCC countries this 2017 predicted a 4.5% salary increase in Qatar, 4.60% in Oman, 4.8% in Kuwait, 4.90 in Saudi, 4.70 in Bahrain and 4.60 in UAE.