With euro zone unemployment at an all-time high, big influx of job-seekers in UAE and region expected
As the euro zone unemployment rate hits all-time high, the number of candidates looking to come to the UAE and the region has gone up.
This may be good news for employers who are looking for a bigger pool of talent, but will it depress salaries of people who are already working in the country?
“There has certainly been a very significant increase in the number of applications we are getting from Europe, and this has been the case for some time.
“It does increase candidate supply and competition for places, but I don’t see it having a very significant impact on salary levels in the UAE as most employers have become used to the luxury of hiring from an available talent pool in the local market, and now bring from overseas far less frequently than in 2006-2007,” Toby Simpson, Managing Director, The Gulf Recruitment Group told Emirates 24|7…