MENA companies are in ‘hiring mode’

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MENA Jobs
Hiring spree in MENA

A new survey shows MENA companies are optimistic about their economic prospects and continue to remain positive about the hiring outlook for the next quarter.

The survey by Bayt.com, a leading jobsite in the Middle East, and YouGov, a research and consulting organization, reveals 30 percent of companies are certain to hire additional staff over the next three months. A further 25 percent of companies would also consider hiring to meet business requirements.

Companies in Saudi Arabia had the highest hiring expectancy across the region, with about 65 percent of them looking to hire staff. Job creation is expected to be led by large local companies, multinationals and small to medium sized enterprises, operating in the private sector. Most of the companies were keen to hire junior executives and executives, a positive signal for fresh graduates and other candidates in early stages of their career.

Suhail Masri; “The fact that there are many jobs coming from small-to-medium sized local companies is a good sign of booming local economies in the Middle East, as this signals that smaller entrepreneurial ventures are more comfortable hiring than they were in the beginning of the year.” — Suhail Masri, Bayt.com vice-president of sales

Banking and finance, construction and telecommunications also remained the region’s most attractive industries.

Employment opportunities in the private sector reflect strong economic performance of MENA countries and should help to resolve the rising unemployment problem in the region. Meanwhile, Morocco had the lowest hiring expectancy in the region, with only 17 percent of companies certain about hiring over the next three months.

Another survey shows confidence among business leaders across MENA soared in the second quarter of the year, on the back of strong economic performance and favourable government policies.

With CEO’s remaining positive, MENA became the second most optimistic region in the world according to the findings by the Young Presidents Organization (YPO) Global Pulse CEO sentiment survey. Globally, CEO sentiment is hurting because of asset sales in emerging economies, but the UAE and Saudi Arabia make up for the weak confidence.

Image courtesy: Innov8Social

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