10% of UAE firms to reduce salaries and 30% to cut staff, reveals Survey
- Date: 20-Oct-2020
- Source: Gulf Today
- Sector:Economy
- Country:uae-top-picks
10% of UAE firms to reduce salaries and 30% to cut staff, reveals Survey
According to the 2020 UAE Total Remuneration Survey (TRS) by Mercer, the direct impact of COVID-19 on the compensation and benefits landscape is less drastic than initially feared.
Even though 10% of UAE companies reduced salaries on a temporary basis, and 30% have plans to cut headcount, overall the market still experienced positive salary inflation and 25% of companies have reported an increase in productivity as a