UAE Salaries to Increase by 4.9% This Year

Attention UAE residents, y’all are getting rich! Expect a raise soon as everyone’s salaries are expected to increase by 4.6 percent in 2017, according to a new survey. Another study also showed that wages are set to rise an average increase of 4.9 percent this year, according to Willis Towers Watson’s latest Salary Budget Planning Study.

 

With inflation rising by an average of 4 percent in the Emirates over the past two years, salaries have risen for employees across all industry sectors. Studies also show that by 2017, the salary will be projected to increase by 4.6 percent not only in the UAE, but also Bahrain. Lebanon on the other hand will have the highest increase in pay growth of 5.4 percent, followed by Saudi Arabia and Kuwait at 5 percent and Qatar 4.8 percent.

 

“There are many factors that affect the employee attraction and retention such as the work environment, the managers they work with, health and insurance programs. The key factor however is the compensation that would also drive the employees’ performance,” said Laurent Leclère, Senior Consultant and Data Services Lead for the Middle East at Willis Towers Watson.

Bottom line is, can it be 2017 already so we can do this?