UAE employees 'can expect a wage rise in 2013'

13/11/2012 - Dubai Lifestyle News Posted by Bob Brunskill
UAE employees 'can expect a wage rise in 2013'

Employees in the UAE can expect to receive a wage increase in the region of 5.1 per cent in 2013, a new report has suggested.According to Aon Hewitt, the economic outlook is very positive and companies will be willing to share more of their profits with their hard working staff.The annual survey covered 500 businesses from across 26 sectors in the Middle East and it showed that next year will be a very good one for workers throughout the Gulf Cooperation Council.Head of reward consulting at Aon Hewitt Middle East Martin McGuigan said bosses are increasingly linking employee pay to performance, so people who have been doing well within their role could well see their wages rise by more than the average 5.1 per cent in 2013."All macro-indicators have shown that the economic scenario continues to move in a positive direction with corporates continuing to show confidence in the 2013 economic outlook," he remarked."At large, there are no further reductions in the salary increase projections for the next year which is good news for employees."The news is even more remarkable when you take the economic problems in various parts of the world into account and the Gulf certainly seems to have emerged very strongly from the financial crisis of 2008-09.More and more major international corporations are setting up headquarters in Dubai and Abu Dhabi, as they recognise the huge potential of the UAE.The nation is also a good base for start-up companies, if a recent report conducted by the World Bank is to be believed. It ranked countries all around the world based on the ease in which their businesses can grow.Published in October, the study indicated that Dubai had moved up from 33rd in the standings in 2011 to 26th this year.Speaking at the time, secretary general of the Dubai Executive Council Abdulla Al Shaibani told Gulf News that a lot of work goes into helping UAE-based corporations thrive in the business world.