45% of Arab firms enhance employee benefits

45% of Arab firms enhance employee benefits

59 percent of surveyed companies in UAE say they offer a supplemental defined contribution plan to retain top talent. A recent report mentioned that, nearly half of companies in the Middle East provide enhanced end of service benefits (ESBs) for their employees. The survey report mentioned that 45 per cent of companies surveyed provided enhanced ESBs. The survey has been conducted among 200 companies across the Middle East region operating in over 25 industries including banking, finance and oil and gas. Over 60 percent of surveyed mentioned that they offer enhanced ESBs to all employees and over 70 percent mentioned that that the length of service is the most important factor to consider when providing an enhanced ESB.

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