Two-thirds of professionals in the Middle East unhappy with benefit packages
- Professionals moving to the region now less likely to receive a range of incentives compared to five years ago
- Highest levels of dissatisfaction in engineering, construction and business services sectors
- Nearly all professional job seekers feel benefit packages play a key part in accepting a new job
67% of professionals working in the Middle East are not satisfied with the benefit packages offered by their employer, according to the latest whitepaper by specialist recruiter, Robert Walters.
The whitepaper also shows that 96% of professionals consider benefits as critical to their decision to accept a role in the Middle East, a potential concern for employers as the economy improves and competition for talented individuals increases.
Our survey indicates that benefits for recent arrivals compare relatively poorly with packages for those that have been in the region for longer. Only 57% of those that have been in the Middle East for up to three years receive a relocation allowance, compared to 70% of professionals that have been working in the region for between 3 and 5 years and 89% of those that have been working in the region for more than 5 years.
The figures also suggest that the availability of certain benefits is sector dependent. For example, while 93% of engineering professionals receive flights home, the same can be said for only 45% of those working in business services. Among those working in banking and financial services, 45% are provided with a budget for educational support, an offer extended to only 15% of those working in professional services.
Satisfaction levels also vary among professionals working in different sectors. While 84% of banking and financial services workers and 83% of those in professional services report satisfaction with the benefits they receive, the figure drops to 50% for those in business services.
And while engineering professionals are most likely to receive more incentives than any of these sectors, only 62% are happy with their benefits package, raising questions over the quality of the incentives on offer.
Jason Grundy, Country Head, Robert Walters Middle East, comments:
“The results of this whitepaper should prompt employers to question the range and quality of their benefits packages. A perfect storm is brewing, with a clear majority of professionals both unhappy with their current package and in agreement that a good set of benefits is key to accepting a new role. Failing to offer a good benefits package can therefore lead employers to lose out to competitors in the drive to secure talented individuals.
“While it is not unusual that pre-financial crisis benefits packages are often more generous, employers should be careful not to freeze out professionals that have been in the region for a shorter period of time, as this is not always the best indicator of quality. Similarly, it is important to recognise that individuals often benchmark their benefits packages against those offered in other sectors, and this can also have an impact on their next move.”
To download the report in full, please follow the link here.