UAE businesses go on hiring spree as economic activities gain momentum

UAE businesses go on hiring spree as economic activities gain momentum

Hiring was strongest for tech-related positions, while organisations also bolstered marketing and HR departments through 2022

About 60 per cent of the businesses expanded their workforces last year and spent 17 per cent more on salaries, according to latest data.

Published: Wed 15 Mar 2023, 5:41 PM

Majority of the UAE companies are expected to continue hiring spree this year as the economic activities gain momentum in line with the government policy to attract skilled and talented professionals from across the globe, experts say.

About 60 per cent of the businesses expanded their workforces last year and spent 17 per cent more on salaries, according to latest data released by the UAE’s leading employee benefits platform Bayzat.

The research, which covered 127,000 employees in the UAE from over 1,500 organisations, indicates the ratio of employees onboarded to those offboarded through 2022 was highest for technology-related positions at 2.45x. This was closely followed by HR (2.35x), and Marketing (2.02x).

Sales-related roles saw the lowest ratio with the number of professionals onboarded for such positions exceeding the number offboarded by only 1.53x. The research further indicates that a slowdown in hiring rate is expected this year.

Talal Bayaa, CEO and co-founder at Bayzat, said it’s clear that government initiatives