Over half of UAE professionals expect a salary rise in 2023
- Date: 09-Jan-2023
- Source: Zawya
- Sector:Real Estate
- Country:UAE
Over half of UAE professionals expect a salary rise in 2023
Some 53% of survey respondents in the UAE expect to receive a salary raise in 2023, while 7 in 10 (70%) believe salaries are either increasing or staying the same.
According to the Middle East and North Africa Salary Survey 2023 by Bayt.com, a top Middle East job site, and market research agency YouGov, 57% of UAE respondents claim that their current salary package consists of basic salary and benefits, while 26% claim that it consists of basic salary only. 18% say it consists of basic salary, benefits, and commission. Additionally, 30% of respondents say that their company pays for overtime.
When it came to the preferred pay structure, two-thirds of respondents (66%) prefer a 100% fixed pay structure, while 25% of respondents said they prefer a partially fixed pay structure with a variable pay for commissions and incentives.
Various benefits
Among the various benefits employees receive, personal medical insurance (46%), personal annual air ticket (33%) and gratuity (27%) are found to be the top benefits in the UAE.
Ola Haddad, Director of Human Resources at Bayt.com says: “Our annual Salary Survey outlines the evolution of current income structure and levels, salary satisfaction and perception towards cost of living, providing an insight to the job