According to a report by Robert Recruiting and Consulting, Robert Half, 2020, will be a landmark year for the country, and it looks like it also signals an upward trend in the UAE’s salary and employment prospects. The report states that “Most CEOs in the Middle East are struggling to find qualified talent to fill vacancies.” Trends in hiring and payments have changed dramatically in the region and around the world. Goals, etc. all affect what the company is looking for and preparing to pay.
In the first half of 2020, the top ten in-demand positions in the UAE required specialized skills in an increasingly digital environment, and the revival of the local economy is expected to intensify competition for talent.
Chief financial officers, Management accountants, and risk managers are the positions most needed, with CFOs earning up to $ 438,900 per year (1.6 million dirhams).
As the digitalization of many companies in the UAE continues to grow, hiring managers are also looking for digital transformation leaders, artificial intelligence developers, and security analysts.
Employers are looking for candidates with professional skills, industry experience, and system knowledge. As the UAE’s economic growth will accelerate this year, it is not surprising to see the faster development of the workplace. As the company adapts to the challenges and opportunities facing its business, it is not only the demand for senior talents increasing, but also the M’s “business fit” is also getting higher and higher.
The World Bank forecasts that the UAE’s economic growth will be 2.6% in 2020 and 3% in 2021 and 2022. It is expected to grow by 1.8% in 2019.
According to research by several recruiters, the UAE job market will improve at the same time. Cooper Fitch said that salaries in most divisions would be “maintained,” but strategic positions will increase by 5%. Almost half (45%) of the 500 companies surveyed in Mercer’s fourth annual total salary study plan to increase staffing this year.
List of Top Jobs Available in UAE
- Management Accountant
- Chief Financial Officer
- Risk Manager
- Digital / Digital Transformation Leader
- Artificial intelligence (AI) developers
- Human Resources Business Partner
- Talent Acquisition Specialist
- Legal counsel
- Legal Assistant
- Security Analyst
Salary trends such as flexible work, training, and development are crucial for companies to attract new employees and retain top talent.
For demanding jobs, candidates can “expect flexible working space in negotiations and provide them with compensation.”
Here are the ten jobs with the most demand in the first half of 2020, and their expected annual salary.
1- Management Accountant ($ 79,300- $ 113,000)
With the increase in UAE startups, the demand for accounting professionals to organize their financial processes is increasing. Meanwhile, small and medium-sized enterprises and large multinational companies are looking for accountants to simplify costs. Management accountant is the fourth most sought-after position in 2019, with an estimated starting salary of $ 63,500.
2- Chief Financial Officer ($ 196,100- $ 438,900)
Robert Half says there is a “talent deficit” across the financial and accounting sector. As the head of the finance business, the chief financial officer is the key to achieving business goals so that he can earn the highest salary in the on-demand position in the UAE.
3- Risk Manager ($ 98,100- $ 156,900)
Due to the rapid development of technology and the need to assess the dangers posed by these technologies, risk managers are one of the most requested professions.
4- Digital / Digital Transformation Leader ($ 170,800 to $ 261,600)
Robert Half’s analysis states: “The UAE technology market is one of the most competitive in the region.” A digital transformation leader is needed to oversee the digital strategy of all types of companies, which is why this position is second only to the chief financial officer The second highest reason for officials.
5- Artificial intelligence (AI) developers ($ 52,300 to $ 125,100)
Robert Half said that artificial intelligence is a new frontier, and candidates with intermediate and advanced experience will “stand out from the competition.”
6- Human Resources Business Partner ($ 65,400- $ 98,000)
Demand for HR business partners who specialize in pay and benefits benchmarks to attract and retain employees will surge.
7- Talent Acquisition Specialist ($ 39,200- $ 58,900)
Large multinational companies, in particular, need talent training professionals, as the need to find top talent is becoming increasingly competitive.
8- Legal counsel ($ 89,000- $155,500)
Developments in financial regulations,fintech, and dispute resolution are the main drivers of the growing demand for legal counsel professionals. Companies are looking for employees/candidates with five to eight years of local experience.
Senior lawyers are one of the most sought-after positions in 2019, and UAE companies offer private areas to minimize the cost of legal advice.
9- Legal Assistant ($ 46,000- $ 65,000)
As companies increase their compliance with international best practice standards and require contracts to be drafted in different languages, employers will seek bilingual legal assistants.
10- Security Analyst ($ 55,600- $ 114,400)
Security analysts will also need to advise businesses on how to protect their data.