The latest survey from Towers Watson the HR Consultancy predicts inflation busting pay rises in the private sector in the Gulf States and Middle East in 2016. This is despite the low oil prices causing economic difficulties in the region and in particular in the Government sector.
In 2016, the UAE projected inflation rate is 2.7% and pay rises are expected to reach 5% giving employees a real increase in income. The best sectors to be in are Finance and Professional Services and Energy and Natural Resources.
In 2015, so far, pay rises of 4% have been reported across all sectors.
Kuwait, Oman and Qatar are predicted to give pay rises of 5%, Saudi Arabia 5.5% and Lebanon 5.8%. The top pay rises will be seen in Jordan at 6% and the lowest in Bahrain at 4.8%.