DUBAI: Employees in the UAE working in some particular sector can expect more than the nominal increase in their salary increments, according to a latest report.
Emirates 24/7 quoted the GulfTalent.com report as saying that those working in the construction sector are expected to get the highest average salary increase at 10 percent, followed by logistics with a 7.7 percent hike.
A booming retail sector is expected to give an average increment of 6.8 percent whereas employees in healthcare are expected to get a 6.3 percent salary hike this year, the report said.
Surprisingly, employees in the real estate sector will get considerably bigger pay hikes at 6.2 percent compared to those in some of the other, more stable sectors such as telecoms & IT at 5.9 percent, education at 5.8 percent and banking at 5.6 percent, it added.
The lowest rung remains hospitality with a 5.5 percent salary increase and oil & gas at a 5.4 percent pay hike, the report said.
Overall in the UAE, the report suggests an average salary hike of 7.1 percent, which is higher than earlier estimates made by other recruitment firms and online job portals, the report said.
For example, the most recent previous report by Towers Watson maintains that UAE and GCC employees are set to get a pay rise of an average 5 percent in 2015 and going forward, this too is expected to dip to 4.8 percent in 2016. This marks a return to 2014 when the pay hikes were the same.
Morgan McKinley’s 2015 UAE salary guide also predicts a 5 to 6 percent pay hike, which is lower than anticipated earlier due to falling oil prices, the report said.
However, Gulf Talent seems more upbeat in its predictions not just for the UAE but the overall region as well.
Within the GCC, the report says private sector salaries are forecast to rise at a similar pace in 2015 compared with the previous year.
Salary increase across the region averaged 6.7 percent in 2014, the highest average increase since the financial crisis, and are projected to accelerate further in 2015 to 6.9 percent, Emirates 24/7 reported.