UAE – Monster Employment Index shows decrease in online hiring

By memberservices@staffingindustry.com (Danny Romero)

The Monster Employment Index for UAE shows online hiring is down 35% in the UAE for November 2016, compared to the same period a year ago.

The monthly Monster Employment Index found that the banking, financial services and insurance industry saw the slowest growth in online recruitment, with a year-on-year decline of 39% in November. Hospitality followed with a 37% decline in online job listings, while retail, trade and logistics fell by 35%. The education sector saw the smallest decrease with a 1% year-on-year fall in online job listings.

“With the uncertainty surrounding the new oil production cuts by OPEC and the strengthened US dollar, it appears that UAE businesses are taking a cautious approach to growing their workforce,” Sanjay Modi, managing director, Monster.com, APAC and Middle East, said. “However this is likely to change in 2017 as confidence is restored with more stable market conditions”.

“While online hiring activity in the UAE currently remains very low, the movement of employees and employee talent gaps will create more opportunities but higher competition for job seekers, making it important for job seekers to find ways to stand out,” Modi said.

The index also found that in the wider Middle East region, online recruitment was down by 44% year-on-year in November with the hospitality sector posting the largest decline at 66%. Fast Moving Consumer Goods showed an increase of 8% and IT and Telecom showed an increase of 5%, year-on-year.

Source:: Staffing Industry Analysts Daily Newsfeed