Salary survey in the UAE.. How to make more money in 2024

rawda samy - | Business

According to a survey of salaries in the United Arab Emirates, you might be earning more money in 2024.

How to make more money during 2024

It is also possible that now is an excellent moment to hunt for the job of your dreams.

The truth is that each and every one of us could use a little bit more money in our own bank accounts. There are some individuals who are on the verge of making that goal a reality.

A recent survey conducted by the recruitment agency Cooper Fitch found that fifty-three percent of companies in the United Arab Emirates (UAE) anticipate raising the compensation of its employees.

Employee rewards in the UAE during 2024

Additionally, there is the possibility of receiving bonuses as well as new employment opportunities in the near future.

According to the Salary Guide UAE 2024 published by Cooper Fitch, which is based on replies from employers in the UAE, it is possible that those working in Dubai will experience an increase in their average wage of 4.5 percent in the year 2024 at the very least.

A total of more than one thousand businesses participated in the poll, and among those businesses, one-third of respondents (39 percent) intend to increase wages by up to five percent. In the near future, nine out of ten companies are planning to raise their salaries by six percent, while five out of twenty companies are getting ready to raise their pay by ten percent or more.

Additionally, if you have been unemployed for a considerable amount of time or are contemplating the prospect of finding a new job, the research has some encouraging news for you as well: 56% of the respondents to the survey for the year are anticipating hiring more people in the year 2024.

The poll identified a number of major trends, one of the most crucial of which is talent acquisition. The most severe talent gaps noted by those questioned this year were in the areas of management and leadership, with management accounting for 16 percent of responses and leadership accounting for 14 percent of responses respectively.

Regarding bonuses, there is also some good news to report in this regard. Compared to the 29 percent of respondents who did not have any plans to do so, over three quarters of those who participated in this year's survey (71 percent) stated that they aim to provide annual incentives to their employees based on the financial performance of their organisation in 2023.

About Author

rawda samy
rawda samy
1452 Total posts


Read Also

Business
Dubai Real Estate Sector Reports $4.3 Billion in Transactions Last Week

Last week, Dubai's real estate sector saw a remarkable surge in transactions, with a total value exceeding AED15.9 billion ($4.3 billion), according to data released by the Dubai Land Department.

Business
Qatar Real Estate Sector Achieves $110 Million in Weekly Transactions

Qatar's real estate sector recently witnessed a bustling week of transactions, amounting to more than QR398 million ($109.4 million) from June 9 to 13, 2024, according to official data from the Ministry of Justice's Real Estate Registration...

Business
UAE: "Emirates Airlines" and "Flydubai" schedule 4.36 Mn seats for June flights

Data from OAG reveals significant growth in seat capacity for Emirates Airlines and Flydubai ahead of their summer flight schedules. Together, these airlines will offer approximately 4.36 million seats on international flights departing in June 2024....

Business
UAE: First-class football clubs exempt from Dh5-million fines in recent decision

The UAE Football Association (UAEFA) has announced a significant initiative to support First Division clubs by waiving all accumulated fines totaling Dh5 million from previous seasons.

Business
Dubai Unveils Major $78 Mn Reservoir Project to Enhance Water Storage Capacity

The Dubai Electricity and Water Authority (DEWA) has announced the commissioning of a new water reservoir in Enkhali, a strategic move aimed at safeguarding Dubai's water supply in the event of emergencies.

Business
Vietnamese EV manufacturer "VinFast" launches new regional headquarters in Dubai

The Dubai International Chamber has played a pivotal role in supporting VinFast Trading and Production Joint Stock Company, a pioneering electric vehicle manufacturer from Vietnam, in establishing its regional headquarters in Dubai.

Business
Abu Dhabi launches massive $6bn Arabian Hills project on Dubai to Al Ain road

The Arabian Hills Real Estate Development Company proudly unveils its flagship project, the Arabian Hills Estate, marking a significant milestone in the realm of real estate development in Abu Dhabi.

Business
Urgent UAE: Implementing the “noon work ban” starting mid-June

The Ministry of Human Resources and Emiratisation has declared the implementation of a prohibition on working outdoors in direct sunlight and open areas. This ban will be in effect from June 15th until September 15th, between the hours of 12:30 PM...

Business
UAE: 5 potential risks of “remote” work

The UAE Government Cybersecurity Council emphasized the significance of safeguarding the remote work environment, highlighting the potential hazards that users may encounter on their devices. It emphasized the need to deploy robust security measures...

Business
A statement from Sheikh Mohammed bin Rashid regarding work in the private sector

It is His Majesty In the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, who holds the positions of Vice President, Prime Minister, and Ruler of Dubai, assessed the outcomes of the Emiratization plan implemented in the private sector....

Business
Future Jobs in Emirates: The labor market is a criterion for choosing a field of study

Academic advisors have verified that the labor market has experienced significant transformations in recent years, profoundly impacting university majors. These changes have redirected students' focus towards emerging majors that were previously...

Business
Dubai Police announces 150 vacancies

By announcing the availability of 150 job opportunities for national and reserve service recruits, the Dubai Police General Command is providing these individuals with the opportunity to become part of an innovative and advanced police work...

Business
UAE jobs: Emirates hotels provide 4,000 new jobs

The best hotels in the Emirates provide employment opportunities for thousands of job seekers. job seekers in the uae hotels

Business
Dubai: A company made 16 of its workers millionaires in their honor

In Dubai, a company has made sixteen of its employees millionaires in their honor.

Business
Dubai Court: Worker compensation of 500 thousand UAE dirhams

The Dubai Civil Court has issued a ruling that mandates a restaurant and two of its supervisors to provide a sum of 500,000 dirhams to a worker who sustained a wrist-level amputation as a result of their right hand slipping into a meat-mincing...

Business
What happens after applying for a work permit in Canada?

Prior to coming to Canada, it is necessary to submit an application for a work permit. Foreign workers who wish to apply for a visa while located outside of Canada will be required to submit their application to a visa office situated outside of...

Business
UAE: the details of the 10-year golden commercial license for expatriates

The United Arab Emirates has announced a golden commercial license for expatriates that is valid for ten years.

Business
UAE: Important statement to citizens and residents when purchasing from sales outlets

Abdullah Sultan Al Fan Al Shamsi, the Assistant Undersecretary of the Ministry of Economy for the Commercial Control and Governance Sector, emphasized the importance of consumers retaining purchase invoices. This is crucial as these invoices serve as...

Business
Dubai: A fine of 100,000 dirhams will be imposed on the establishment owner who violates the labor law

The Dubai Court of First Instance issued a second ruling against the establishment owner for violating the Emiratisation policy in the "Nafes" program. The owner was fined 100,000 dirhams for engaging in fraudulent Emiratisation practices....

Business
The UAE announces the details of reducing working hours in Ramadan for the public and private sectors

Workers in the private sector will have a two-hour break each day during the holy month of Ramadan, according to an announcement by the country's Ministry of Human Resources and Emiratisation.

Business
UAE: Banks warn against closing credit cards in this case

Banks in the country will close credit cards with balances exceeding the allowed credit limit starting May 1st, as per new terms and conditions sent to customers, a copy of which was obtained by Emirates Today.

Business
UAE: Announcing an increase in gasoline and diesel prices starting in March

The Fuel Prices Monitoring Committee has authorized a rise in gasoline and diesel prices for March 2024, with an increase ranging from 15 to 16 fils per liter for gasoline and 17 fils per liter for diesel compared to February 2024 pricing.

Business
Bitcoin price reaches $60,000 and is approaching its highest level

The price of Bitcoin is close to reaching its highest price, as it is currently at $60,000

Business
UAE: Announcing job opportunities with salaries from 5,000 to 20,000 dirhams

The portal "Kaddar", linked to the Human Resources Department in Ajman, provided job opportunities for citizens in various government and private sectors in the emirate. The Majid Al-Futtaim Group announced 15 job openings with wages...

Business
Canada announces lucrative job opportunities that do not require a certificate

Canada announced that there are many good jobs that can be accessed without a university degree, and these are some of them:

Business
Urgent UAE: Categories excluded from the provisions of the “New Pensions Law”

The General Pensions and Social Security Authority stated that Decree Law No. (57) of 2023 applies to citizens entering the workforce for the first time starting from October 31, 2023, with any employer in the federal government or local...

Business
Urgent UAE: The employer will be fined from 50 thousand dirhams to 200 thousand dirhams in this case

The Ministry of Human Resources and Emiratisation has cautioned private sector businesses and employers not to hire persons without valid work permits from the Ministry, even for trial employment, whether in businesses or as support staff.

Business
Abu Dhabi: Ruling that a female employee is entitled to compensation amounting to 120 thousand dirhams

The Abu Dhabi Family, Civil and Administrative Claims Court mandated a corporation to pay an employee 120,000 dirhams for breaching an employment contract where she was supposed to work for a salary of 37,000 dirhams. After the company requested...

The Ruler of Sharjah announces the creation of 3,000 job opportunities in the emirate