Besides the fact that it is THE luxury event of the yearMay 27, 2015 9:48
Job market obsession in Dubai?
One minute, we all have confidence in our fantastic roller coaster of a career and the next minute we’re pulling our hair out from the lack of opportunities.
December 10, 2012 11:51 by Muhammad Aldalou
Dubai is obsessed with amplifying any and all trends in the job market. And the frustrating bit is that a lot of it tends to be of a contradictory nature. One minute, recruiters worry about a talent deficit in the country – saying that the demand outweighs the supply by a long shot. The next minute, they say there is an abundance of talent and creativity, so much that some recruiters have said that what ‘Westerners’ have to offer is becoming redundant and that ‘they have no talent that Asian expatriates don’t already have’.
One minute, we all have confidence in our fantastic roller coaster of a career and the next minute we’re pulling our hair out from the lack of opportunities. In any case, Kipp thinks it boils down to specifics. There is such a thing as being too specific or to use the economic term, too micro. You hear about the UK falling into a double and triple (sounds like an ice cream order doesn’t it) recession. You never miss all the blame Obama gets for leaving America’s job market in the sewers but when it comes to Dubai, there is too much of a fear of missing out when it comes to settling down.
Sure, everyone wants to progress but this obsessive ‘oh, am I getting enough or am I too underpaid’ mentality can’t end well for anyone. In an interview with Lama Ataya from Bayt, Kipp was told many things that we often spot in daily headlines. We have the usual ‘In 2012, Dubai remains the most attractive spot in the region to live and work in’, the ‘clearly Dubai has recovered from its slump’ and *drum roll* ‘little seems to threaten the UAE’s recovery and standing as a favourite destination’.
In the latest news the trend has moved from the job market and into the area of financial remuneration – which is fancy talk for ‘money that we work for’. And bonuses.
Vijay Gandhi, regional director at Hay Group told The National in today’s report that performance-based pay is on the rise but that bonuses are becoming more modest. “Bonuses are back, but companies are being cautious not to increase the whole fixed package,” he said. What’s wrong with doing it with some humility this time? Reflecting back on ‘where luxurious company cars and lavish housing allowances’ were common practice in the work place, Kipp thinks that some humility will do us good.
What with today’s CBRE report that indicates a 24 percent increase in many rental areas in Dubai, we could see why many are holding their breath for that big work bonus. Still, as a Kipper pointed out below, telling everyone in the Emirate constantly that their salaries are increasing is nothing more than a green light for retailers, airlines and landlords to hike their prices.
Is Kipp just being grumpy as usual or is there too much of an obsession with job and salary trends here?