ARN News Centre

Revealed: UAE salary outlook for 2020

Tuesday, 10 December 2019 11:25

If you are planning to switch jobs next year for better pay, think again.

New research from the recruitment consultancy Cooper Fitch says salaries will remain broadly flat across most sectors in the UAE.

On average, salary ranges for new recruits are likely to increase by only 1 per cent.

The firm's founder and CEO, Trefor Murphy, explains which sectors are likely to buck the trend.

The report does predict an improvement in the employment market in 2020 as well as increased job stability for workers following a spate of restructurings and mergers since the oil dip.

Murphy highlights the key factors behind this outlook.

More from Business

UAE looks to deepen trade ties with Canada during Toronto visit

The UAE is looking to strengthen trade and investment ties with Canada following a visit to Toronto by Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi.
DEWA International explores partnerships with French energy firms

DEWA International has held talks with several leading French energy companies as it looks to expand its global presence following its launch last month.
UAE, Canada conclude CEPA negotiations

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, and Maninder Sidhu, Canadian Minister of International Trade, have announced the conclusion of Comprehensive Economic Partnership Agreement (CEPA) negotiations between the two countries.
New US tariffs to affect imports from EU, China and dozens of other countries

The United States is introducing new tariffs on imports from 60 trading partners, including the European Union, China, Japan and South Korea, in a move that could reshape global trade flows and supply chains.
US-India trade deal could be signed in 3-4 months, US official says

A long-awaited US-India trade agreement could be signed within the next three to four months, a senior US official said on Wednesday, indicating negotiations between the two sides have been virtually completed.