Offering retirement packages is a must for GCC companies if they want to remain competitive

Effective retirement packages are vital for companies in the region to remain competitive. That’s the word from the human resources consultancy Mercer, which says firms need to put these measures in place if they want expat-employees to extend their stay. The UAE is an attractive long-term career destination for expats, but the new report shows this trend is not being matched with offers of enhanced end-of-service benefits. Mercer says well-designed retirement packages could help companies benefit from increased employee engagement and loyalty.