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talent from United Arab Emirates Demand for offshore companies remains high as global recruitment continue to grow. That’s according to Deel’s Global State of Recruitment report, which monitors trends in more than 260,000 worker contracts across 160 countries between January 2022 and December 2022. According to the report, the countries most looking to hire UAE workers are the US, UK, Canada, and Israel.
While the most popular positions to hire from the UAE are software engineers, product designers, front-end developers, sales specialists and trade contractors, the industries with the most hires include information technology, financial services, and marketing and advertising. Interestingly, as confidence in remote hiring grows, senior management roles such as managing partner and chief executive officer are becoming more popular.
In the UAE, 37.6% of employees are between 25 and 34 years old, 28.7% are between 35 and 44 years old, and 25.1% are between 16 and 24 years old.
The report’s findings showed that hiring was growing in all global regions, although some regions saw higher rates of involuntary turnover in the second half of the year.
Key trends to note:
- Global hiring remains hot: Global hiring continued to grow throughout the year, with 89% of contracts being remote positions. Many companies are looking abroad to optimize talent costs. In the UAE, 97% of contracts are for remote work.
- USD is more popular: Globally, USD withdrawals will grow by <2% in 2022. Some workers are more dependent on a strong dollar than others. While in the UAE, the local currency remains the first choice (54.4%), followed by the US dollar (27.9%).
- Encryption is less popular: Not surprisingly, the global workforce has lost some interest in accepting cryptocurrency payments. By December 2022, the percentage of total wages paid in cryptocurrencies will be 4%, down from 5% in the first half of this year.
- downsizing Second half of 2022: Towards the end of the year, the number of terminations increased. Terminations accounted for 28% of all contract terminations in January 2022, growing to 42% by December. Workers in the U.K., Mexico, Spain, Portugal and the U.S., as well as those in software, product and marketing jobs, will see the largest increases in layoffs throughout 2022. In contrast, the UAE will be less affected by layoffs in 2022.
“What stands out about this report is that in uncertain economic times, the global workforce model has become the preferred choice for many organisations. The UAE’s strong economy and its commitment to openness, innovation and diversity have helped it become an international talent hub, attracting professionals across a wide range of skills and making it a lucrative market for global companies to tap into,” said, tarek salamHead of MENA Expansion at Deel.
Source: Zawya press release
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