If you are professionally inclined towards technology, accounting and finance or financial services and wish to work in the UAE, that’s half the battle won already. Experts in the field suggest these professions offer immense scope for workers next year, as reported in Gulf News.
With corporate heads feeling confident about growth, avenues for job creation are opening up and professionals from the sectors mentioned need to be cognizant of the same. Recruitment specialists, Robert Half recently polled chief financial officers (CFOs) in the UAE, and up to 89 per cent say they feel positive about where their business is headed, as reported by Gulf News.
The rise in business confidence is thanks to the UAE’s economic diversification agenda and the growing adoption of digital technologies in the region. Organisations are investing in new technologies, including artificial intelligence and robotics, and this in turn drives the need for employees with specialist or digital skills. The introduction of VAT will also continue to require firms to hire accounting and finance professionals.
While speaking to Gulf News, Gareth El Mettouri, Associate Director, Robert Half UAE, says, “Numerous economic indicators show that business confidence and growth are on the rise in the UAE region, which is creating more opportunities for talented professionals to develop their careers.”
Robert Half identified the top three most in-demand roles across select sectors for 2019, and predicted salaries for each, as follows:
IT security analyst: $55,600 – $114,400
Applications developer: $52,300 – $125,100
Systems administrator: $46,600 – $78,500
Finance director (large company): $196,200 – $402,800
Financial planning and analysis manager (large company): $98,000 – $147,300
Financial analyst (large company): $65,400 – $98,000
Compliance manager: $114,400 – $179,800
Investment banking/M&A associate: $114,600 – $192,100
FX sales manager: $98,00 – $124,300
According to Robert Half, while 2019 saw a rise in demand for IT security analysts, systems administrators and personal assistants, as well accounting and finance professionals, other hiring experts are of the view that the demand seen in 2019 for data scientists and analysts as well as project managers and cyber security experts, will continue into 2020.
With attrition levels pegged between 6 to 8 per cent in the UAE, several companies are hiring new staff and replacements, creating opportunities for job seekers in the UAE market.
According to Harish Bhatia, Regional Director, MEA, at global consulting firm, Korn Ferry, while newly opened businesses in the F&B and hospitality are big recruiters, he seconds the notion that demand for specific skill sets will not decrease in the UAE.
“Specific skill sets are in higher demand due to the changing nature of businesses, including data scientists and analysts, project managers, digital and cyber security experts – these roles are in demand across a variety of industries and hence hiring for them is in high demand,” says Bhatia.