Kippreport gets the scoop from Neelesh Bhatnagar, CEO of Emax, and Nadeem Khanzadah, head of omnichannel retail at Jumbo GroupSeptember 2, 2015 5:24
Are you expecting a salary increase in 2009?
The results are in.
February 1, 2009 12:54 by Dana El Baltaji
With the recession in full force, more Kipp readers are expecting their salaries to remain unchanged in 2009. According to Kipp’s Poll, the majority of Kipp readers, 36 percent, don’t think they’ll get a salary increase, but they’re hopeful they’ll get one.
Another 35 percent also don’t think they’ll get raises, and are merely “happy to have a job.”
In spite of the financial crisis, however, 25 percent of readers feel entitled to getting salary increases. And finally, 4 percent of Kipp’s readers “hate money.”
Unsurprisingly, readers are keeping their salary expectations low this year. Companies have downsized as a means to combat the effects of the crisis, leading to millions of job losses since the credit crunch first began.
According to a report by the International Labor Organization (ILO), more than 51 million jobs globally may be lost this year due to the economic downturn.
The UAE has yet to announce the number of jobs lost during 2008 due to the financial crisis.