“The survey shows that, for the majority of organisations based in the UAE, significant salary increases are unlikely in 2021 as the market recovers from the effects of COVID-19. However, as business continues to accelerate in the new year recruitment activity could follow suit, as companies seek to position themselves for renewed growth,” read the report.
The key findings further pointed out that while 67 per cent of companies did not have any redundancies in 2020, 30 per cent said they had.
“At the same time, almost a third, 30 per cent, said they had made redundancies, with 15 per cent reporting that this affected 1-9 per cent of employees, 9 per cent saying it affected 10-20 per cent of staff, and two per cent citing between 21-30 per cent,” according to Cooper Fitch’s UAE Salary Guide for 2021.