Company Type: UAE Government and US Corporate partners -Military Maintenance Repair and Overhaul Centre for aircraft. Servicing of Military Aircraft for Middle East customers The company are a niche business, supporting military aircraft activities within the Middle East. Employing approx 2200 employees, made up predominantly of expat employees from a mix of 20 countries. The main features we need to look at when determining the labour market trends are: Economic, Location, Scarcity of skills, Political, Technological Advances, Demographics. Economic: The UAE GDP forecast for 2013 is around 4%, not dissimilar to the global market as a whole. There has been increased confidence and signs of recovery for the housing market in the region, …show more content…
Bangalore in India has been called the new ‘Silicon Valley’ with a technology and aerospace initiative as early as the late 1980’s. This has resulted in 2 things happening 1. Many Western technology development companies setting up offices to attract cheaper, but high calibre labour and 2. Many western technology companies targeting recruitment campaigns at this location. This benefits the region and the employees who have global opportunities. Demographics: We need to look at available talent both regionally, as well as globally to meet the demands. The UAE has a relatively young Emirati population as a whole, with 40% of the population being under 25. However as a company we have nearly 10% reaching retirement age in the next 3 years. We need to look at available talent both regionally, as well as globally to meet the demands. If we look at the UK over the last 50 years there has been a huge increase in the number of jobs, which has been met by immigrants, more women working and the ‘baby boomers’, but this is unlikely to continue much longer. So moving forward the labour market may well tighten coming out of the recession, with a lack of available talent, which needs to be addressed by training or better reward programmes. Conclusion: We are meeting the demands of the business in terms of meeting
India has become a global conduit for business as they have liberalized their economic policies over the past 20 years. Companies are flocking to India because of many factors, including, less expensive labor costs, increasing growth rate, and an abundance of a highly skilled workforce. These factors in addition to other advantages have substantially increased the number of United States businesses looking to grow beyond the U. S borders into the county of India. Dunlop Software Consultant’s goal is to also expand its operations internationally and believes that India has the business environment to meet our goal of expansion globally.
Amongst reading the material presented in this chapter about the job market trends, I was able to determine that the job market is extremely dynamic and has a great rate of change depending on the company’s needs. These adjustments also affect salaries, if there is a high demand for a position where there is a shortage in qualified candidates the salaries and benefits will be higher. As new technologies grow, the need for employees in these areas do as well, people need to maintain their skills up to date and seek professional growth to be able to keep up with the requirements and challenges of this fast pacing changing job market. However, some of these changes in the job market are being caused by the rapid change in the workforce. Companies are having to adapt some of their philosophy and the way they view employees, because so much has changed in the way the workforce behaves. Let’s examine the
Diversity in any organisation includes hiring and promoting a workforce of people with differences. These differences include race, gender, ethnicity, sexual orientation, physical abilities and economic backgrounds. The premise of a diverse workplace is that employees are
Resourcing talent refers to the processes for identifying, assessing, acquiring, developing, and deploying employees who are critical to the company’s success .
Successful organisations realise that identifying and developing a strategy in these three separate areas is
During the 1990s, a vast amount of Indian technology workers migrated to Silicon Valley, California. While India suffered a major brain drain, these
We are entering a new phase in world history - one in which fewer and fewer and fewer workers will be needed to produce the goods and services for the global population...For the whole of the modern era, people's worth has been measured by the market value of their labour...now new ways of defining human worth and social relationships will need to be explored (Rifkin 1996). Life has changed, globalisation and feminism have had a huge impact on the work environment around the world. Technology has also made many jobs redundant. Unemployment has become an issue all
If internal recruitment is not an option / has been unsuccessful, companies will the need to advertise to a wider audience. An employer will need to decide which method of recruitment is most suitable for the role and organisation. Common recruitment methods include advertising on the company’s own corporate website, using internet based jobsites, recruitment agencies, local or national press, job centre plus or employee referral schemes. The CIPD resourcing and talent planning survey (2013) lists the top 5 methods of recruitment as,
The sector conntinues to employ a much younger workforce that across the whole economy.58% of workforce is female while there is 42% of workforce of male and 44% of workforce are under 30. 14% are from black or minority ethnic (BME)
What was once a small poverty-ridden settlement has now turned into a fully globalized city and business hub of the Middle East, Dubai is the largest and most populated city in the United Arab Emirates (UAE). It has now developed into an economic powerhouse within the past few decades. Dubai’s oil revenue helped escalate the early development of the city, but as of now much of its funds come from real estate, tourism, and construction. Also, Dubai has now emerged as an ethnically diverse metropolis residing of many cultures. According to the GaWC list, Dubai has earned an alpha+ ranking, which is fitting due to its economic prosperity, demographic and cultural traits, political significance and influence, and projected future.
The United Arab Emirates is one of the most important tourist destinations in the region. The Arab spring had a very minor effect on the country’s tourism as it did not have a revolution but tourists in countries such as the Americas and Eastern Asia and some European countries were still slightly worried to visit any Arab country as it could be hit by the domino effect of the Arab Spring. UAE is not a neighboring country of any of the countries that had revolutions but it is in the same region.
The UAE is one of the riches nations in the world as measure by per capita GNP. The economy is primarily based on the oil
The UAE 's economy is the most diversified in the Gulf and the wider region. There’s no income tax. The gross domestic product is 67,616 dollars US per capita. The country oil and gas reserves are among the richest in the world. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to twenty five percent with a plan to push it to zero within next fifty years (Renewable Energy Prospects: United Arab Emirates p. 30). Low prices of oil have prompted the UAE to take steps to reduce its spending on country wide social programs, including eliminating fuel subsidies in August 2015. The IMF recently praised the vision and fiscal policies adopted by the country that
UK is currently having an enormous amount of people unemployed and graduates are working for a job that doesn’t require a degree. This report will be illustrating on the current situation of labour market in the UK. Mostly, the problems that government, students and organisations are facing. It will also discuss what other sectors this problem is affecting and how? At the end, we debate about how these factors can be resolved with the help of government.
Social factors do have a profound influence in the industry and the market. Industries have to evolve with the change in living standards and income level of the consumers. As per the World Bank specification, UAE is classified as a ‘High income and Mid-sized populated ' country. The local market has not grown to the required level compared to the other high income group economies, which attracts a substantial percent of expatriates to invest in the local market. High Standards of