UAE salaries increase 4% on average this year

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Despite of oil prices and global economy slow down some companies in the UAE have increased the salaries of their staff by an average of 4 per cent this year. A recent survey mentioned that nine in ten organizations also paid on or above target bonuses which could be a sign for the country’s economy. Senior managers got 3-8 percent increase in pay, while people working in the automotive and retail sectors have enjoyed higher adjustments of 6.4 per cent and 6.6 per cent. However there will not be much impact on recruitment and compensation review plans. Previous year salaries were increased by 5 percent on average, this year salaries increased by 4 percent slightly above the inflation rate.

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