Case Study

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Employment & Salary Trends in the Gulf 1 Executive Summary Despite the slump in oil prices and conflicts in neighbouring countries, the Gulf region continues to enjoy a stable pace of economic growth, with most firms maintaining employment levels or increasing headcount. Most governments have so far used their large reserves to keep spending and investment plans at previous levels. from absorbing this pool of talent. Pay rises across the region averaged 6.7% in 2014, the highest average increase since the financial crisis, and are projected to accelerate further in 2015 to 6.9%. This is driven by the competition for talent and rising cost of living and, in the case of Oman, increasing unionisation The impact of…show more content…
However, on-going violent conflict in 80 Middle and Yemen, and tensions elsewhere Syria, Iraq East – Key Hotspot 2014 60 in Middle East – Key Hotspotshad some impact, Lebanon and Egypt have 40 in 2014 cases benefiting the Gulf countries by some 2012 expectations. For the time being, damage seems to be limited to the oil sector, and some Kuwait Bahrain Qatar 2014 Egypt Lebanon Egypt Syria reserves. Others such as Saudi Arabia have 2015 Iraq Jordan UAE Oman Saudi Arabia Kuwait Bahrain Qatar Yemen UAE Middle East – Key Hotspot 2014 Oman Saudi Arabia Middle East – Key Hotspots 2014 government-linked projects in Bahrain and Oman, the more vulnerable countries with smaller 2014 Iraq Lebanon Middle East – Source: World Bank Key Conflict Zones Middle East – Key Hotspots 2015 of crude oil, the collapse in the oil price during the second

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