MARKET INTELLIGENCE INDUSTRY KNOWLEDGE. UAE Salary Guide and Market Overview hays.ae
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1 MARKET INTELLIGENCE INDUSTRY KNOWLEDGE UAE Salary Guide and Market Overview 2014 hays.ae
2 CONTENTS Introduction 1 Accountancy & Finance 2 Construction & Property 4 Human Resource 8 Information Technology 10 Legal 14 Office Support 18 Sales & Marketing 20 Supply Chain & Procurement 22 About Hays UAE 24 2 UAE Salary Guide and Market Overview 2014
3 INTRODUCTION Although salaries in the UAE are thought to have risen by as much as 5% in 2013, this is a simple analysis of a complex issue with several constituent parts. The first point to make is that some industries, such as banking, have seen their salaries increase more than other sectors such as logistics. Secondly, rises above 5% in the public sector mask a smaller rise in the private sector and lastly not all companies within their sector have increased salaries at a universal rate. So, it is quite possible that you could work for a company that didn t increase salaries at all in One aspect of the salary debate about which we are keenly aware is what happens when individuals are looking to move jobs. It is here that we have seen a real tension emerge in 2013 between jobseekers and employers. The former have been looking for a minimum 10-15% increase in their remuneration package to make it worthwhile to switch while the latter are trying to negotiate this expectation down to ensure that a new hire fits in with their existing salary structure. Although the economy has been growing at 3% for the last two years and confidence has returned to the housing sector as seen in increasing rents and property prices, many companies are not yet sufficiently confident about increasing their prices to customers, which is what would fund more generous across-the-board salary rises. While in some cases jobseekers are being offered the same or even a reduced salary to move jobs, we expect that employers will give way to these salary demands in 2014, particularly in view of the rising rents and cost of living. We would advise jobseekers to make absolutely sure they know what salary is on offer before even getting as far as the job interview and to make the company or their specialist recruiter aware of the minimum salary package that they would be prepared to accept as this could save time and frustration further down the track. They also need to be clear as to what it is about their unique selling points that can add value to the hiring company and why they should expect a salary rise. We are not yet at the point of an automatic hike! Chris Greaves Managing Director, Hays UAE UAE Salary Guide and Market Overview
4 ACCOUNTANCY & FINANCE Although growing confidence in the economy is resulting in more investments, the region isn t quite operating at full throttle yet. This means, for companies in the UAE, they need to have an awareness of their outgoings and be able to identify, and capitalise on the growing market. For these reasons industries that are currently driving the market, such as Construction & Property, and Oil & Gas, we ve seen an increase in accountancy and finance hiring. Elsewhere in other industries, such as FMCG, advertising & media, legal etc. vacancies are occurring on a less regular basis. There certainly isn t a shortage of skilled and qualified accountancy and finance candidates in this region, but with that comes increased competition and static salary expectations. Within government organisations we see a clear objective to increase the number of local Emirati s employed, and now regional and international banks are starting to specify a need for Emirati talent too. Top 3 roles in demand: Financial planning and analysis Technical accounting IFRS especially Cost management 2 UAE Salary Guide and Market Overview 2014
5 Accountancy & Finance Qualified Group CFO 80, , ,000 Regional CFO 65, ,000 80,000 CFO* 70, ,000 85,000 CFO** 50,000-80,000 65,000 Finance Director* 40,000-65,000 50,000 Finance Director** 35,000-55,000 40,000 Finance Controller 28,000-40,000 32,000 Finance Manager 20,000-28,000 25,000 Head of Internal Audit 40,000-80,000 55,000 Internal Audit Manager 25,000-45,000 35,000 Internal Auditor 15,000-25,000 20,000 Chief Accountant 25,000-38,000 30,000 Financial Accountant 14,000-23,000 18,000 Management Accountant 15,000-25,000 18,000 Financial Analyst 15,000-24,000 20,000 Business Analyst 12,000-28,000 22,000 Non and part-qualified Assistant Accountant 10,000-17,000 13,000 Accounts Assistant 10,000-15,000 12,000 Purchase Ledger Manager 15,000-22,000 18,000 Purchase Ledger Clerk 10,000-16,000 13,000 Credit Manager 16,000-24,000 20,000 Credit Controller 10,000-18,000 13,000 Monthly gross salary in AED within the UAE for full time positions. * Annual turnover > 100m; ** Annual turnover < 100m UAE Salary Guide and Market Overview
6 CONSTRUCTION & PROPERTY 2014 will continue to demonstrate strong growth in the Construction industry across the GCC the UAE, Qatar and Saudi Arabia specifically being the key drivers. The UAE winning the Expo 2020 bid, Qatar s commitment to hosting the 2022 FIFA World Cup, and Saudi Arabia s continued investment into major transportation and residential projects will contribute to a significant increase in order books over the next 12 months. Degree educated Design Engineers, Planners, Cost & Contracts Managers and Project Managers with experience on major civil and transportation infrastructure projects are particularly sought after, specifically in Qatar and Saudi Arabia where ambitious transport and utility programmes are currently underway. Within the UAE, the renewed optimism amongst the developers is showing an increase in demand for Design Managers, Planners, Development Managers and Project Managers as they embark on new real estate projects and also the re-launch of previously shelved projects. Whilst we expect the job market to significantly increase over the coming year, the demands from clients will also continue with the skillsets they are seeking. Degree educated, professionally qualified candidates are essential for middle senior 4 UAE Salary Guide and Market Overview 2014
7 Construction & Property management positions, and whilst employers are open to candidates from overseas with the necessary skillsets for major civil projects, the trend remains very much for candidates with proven GCC design and delivery experience for those employers looking to hire candidates for real estate projects. Arabic speaking skills are an advantage but not essential. Top 3 roles in demand: Cost & Contracts Managers Planners Design Managers Project Managers Architecture Architect 18,000-30,000 25,000 Senior Architect 30,000-45,000 35,000 Associate 42,000-55,000 50,000 Interior Designer 15,000-30,000 25,000 Senior Interior Designer 25,000-40,000 35,000 Landscape Architect 15,000-30,000 20,000 Design Manager 30,000-45,000 35,000 Principal 40,000-60,000 50,000 Monthly gross salary in AED within the UAE for full time positions. UAE Salary Guide and Market Overview
8 Construction & Property Cost/Commercial Management/Planning Quantity Surveyor 23,000-35,000 30,000 Senior Quantity Surveyor 35,000-45,000 40,000 Commercial Manager 40,000-60,000 50,000 Senior Commercial Manager 50,000-70,000 60,000 Claims Manager 55,000-65,000 60,000 Project Controls Manager 45,000-65,000 55,000 Engineering Mechanical/Electrical Engineer 15,000-25,000 20,000 Senior Mechanical/Electrical Engineer 25,000-40,000 30,000 MEP Manager 30,000-50, ,000 Civil/Structural Engineer 18,000-25,000 21,500 Senior Civil/Structural Engineer 25,000-40,000 30,000 Resident Engineer 20,000-30,000 25,000 Senior Resident Engineer 30,000-45,000 40,000 Associate 30,000-50,000 40,000 6 UAE Salary Guide and Market Overview 2014
9 Construction & Property Facilities Management Facilities Manager 20,000-30,000 25,000 Senior Facilities Manager 30,000-40,000 35,000 Technical Facilities Manager 35,000-45,000 40,000 FM Operations Manager, Senior 40,000-50,000 45,000 Director Facilities Management 45,000-55,000 50,000 Real Estate/Property Leasing Managers in-house 25,000-35,000 30,000 Development Manager 40,000-50,000 45,000 Development Director 55,000-85,000 70,000 Associate Director 30,000-38,000 35,000 Property/Asset Manager 20,000-35,000 28,000 Valuations Manager (4yrs PQE) 28,000-32,000 30,000 Valuations Director 40,000-50, ,000 Research Manager 25,000-35,000 30,000 Monthly gross salary in AED within the UAE for full time positions. UAE Salary Guide and Market Overview
10 HUMAN RESOURCES The market for HR professionals saw steady growth in 2013, and all signs point to this trend continuing throughout This is partly due to the rapid expansion of businesses within the region that need to boost their HR headcount with specialists who can acquire, retain and develop the top talent that will bring about growth. skills in Compensation & Benefits and Learning & Development can expect to see slight salary increases due to the talent shortages in the market. Top 3 roles in demand: HR Director L&D and Talent Manager In-house recruiters We have observed an increased demand for Western educated professionals with international experience, particularly at the upper managerial levels with 8 or more years experience. Candidates with niche 8 UAE Salary Guide and Market Overview 2014
11 Human Resources HR Officer 10,000-18,000 14,000 Recruitment Specialist 12,000-45,000 25,000 Compensation & Benefits Specialist 25,000-55,000 35,000 Learning & Development 15,000-45, ,000 HR Business Partner 20,000-45, ,000 HR Manager 25,000-45,000 35,000 HR Director 35,000-60, ,000 Group HR Director 45,000-70, ,000 Monthly gross salary in AED within the UAE for full time positions. UAE Salary Guide and Market Overview
12 INFORMATION TECHNOLOGY Commercial buoyancy in the region is fuelling a thriving IT sector large companies are confidently expanding their operation and investing in better networks, cloud services, software systems and digital marketing. As a result the in-house IT department is becoming a slick well-trained, multi-skilled division. As well as a continued demand for western educated Arabic speakers, we have also seen more IT Business Development roles appear as a result of the budding economy. Although a competitive market for general IT professionals, there is a noted shortage of talent for IT Security, Mobile Technology Specialists and Business Intelligence Consultants. On average over the past year we have seen salaries increase by up to 10% in some roles. This is because companies are seeing the value of investing in employees who possess the skills to take their business forward. Top 3 roles in demand: Business development Mobile technology specialists IT security 10 UAE Salary Guide and Market Overview 2014
13 Information Technology CEO 65, ,000 CIO 50, ,000 Head of IT/Directors 40, ,000 IT Managers 18,000-50,000 30,000 IT PMO Head 35, ,000 Business Solutions Managers 35, ,000 Infrastructure Managers 20,000-50,000 30,000 IT Solution Architects 25,000-50,000 35,000 IT Security Advisors 20,000-50,000 30,000 Senior Security Consultants 20,000-50,000 30,000 Infrastructure Security Specialist 18,000-50,000 25,000 Technical Consultants 15,000-50,000 20,000 Technical Project Managers 20,000-50,000 30,000 Project Managers (PMP-Prince2) 18,000-50,000 25,000 Project Leaders 15,000-45,000 20,000 Business Intelligence 20,000-50,000 30,000 Business Analyst 15,000-50,000 20,000 Change Managers 20,000-50,000 25,000 Application Analyst 15,000-30,000 20,000 SharePoint Specialists 12,000-30,000 18,000 Microsoft Exchange Consultants 12,000-30,000 15,000 Product Managers 15,000-35,000 20,000 Monthly gross salary in AED within the UAE for full time positions. UAE Salary Guide and Market Overview
14 Information Technology Oracle Consultants 15,000-45,000 20,000 SAP Consultant 20,000-45,000 30,000 SAP (PM) 20,000-50,000 30,000 Senior Solution Engineers 15,000-50,000 20,000 Development Managers 18,000-60,000 25,000 Web Developers 12,000-40,000 18,000 Developers 12,000-40,000 15,000 Testers 12,000-40,000 15,000 Technical Support Engineers 10,000-25,000 18,000 Network Engineers 12,000-25,000 15,000 Administrators 10,000-25,000 15,000 Technical Pre-sales Engineers 15,000-35,000 20,000 Technical Sales Consultant 15,000-40,000 20,000 New Business Developers 12,000-45,000 20,000 Account Managers 12,000-35,000 18,000 Sales Managers 15,000-50,000 20,000 Sales Directors 20,000-60,000 25,000 Country Sales Manager 20,000-50,000 30,000 Monthly gross salary in AED within the UAE for full time positions. 12 UAE Salary Guide and Market Overview 2014
15 UAE Salary Guide and Market Overview
16 LEGAL The legal sector has remained fairly static in 2014, with few vacancies being registered. The legal sector has remained fairly static from 2013 going into 2014, with few vacancies being registered. However, when new investments and the expansion plans of multinationals in the region come to fruition, hiring should pick up. The UAE s current construction and property boom has fuelled a growing need for skilled Arabic construction litigators. In-house candidates with 3-5 years experience are also highly sought after. For those with over eight years experience, the market is extremely competitive, with supply far outweighing demand. This is reflected in the stagnant salary levels in Top 3 roles in demand: Top tier Corporate Lawyers 3-5 years PQE in house Excellent corporate bilingual Arabic speakers for in-house roles 8 years PQE plus Arabic construction litigators 14 UAE Salary Guide and Market Overview 2014
17 Legal Legal in-house 1-3 years PQE 32,000-38,000 35, years PQE 38,000-45,000 41, years PQE 45,000-55,000 50, years PQE 55,000-65,000 60,000 General Council/Head of Legal 75, ,000 Private Practice UK International Newly Qualified 28,000-32,000 30,000 1 year PQE 32,000-35,000 33,000 2 years PQE 35,000-40,000 35,000 3 years PQE 40,000-44,000 42,000 4 years PQE 44,000-48,000 46,000 5 years PQE 48,000-54,000 50,000 6 years PQE 51,000-57,000 53,000 7 years PQE+ 57, ,000 Monthly gross salary in AED within the UAE for full time positions. UAE Salary Guide and Market Overview
18 Legal Private Practice UK Magic Circle Newly Qualified 30,000-35,000 32,000 1 year PQE 35,000-40,000 37,000 2 years PQE 40,000-45,000 42,000 3 years PQE 50,000-60,000 55,000 4 years PQE 55,000-65,000 60,000 5 years PQE 60,000-70,000 65,000 6 years PQE 65,000-75,000 70,000 7 years PQE+ 70, ,000 Private Practice US International 1 year PQE 40,000-45,000 42,000 2 years PQE 45,000-50,000 47,000 3 years PQE 50,000-60,000 55,000 4 years PQE 60,000-65,000 62,000 5 years PQE 67,000-77,000 70,000 6 years PQE 75,000-85,000 80,000 7 years PQE+ 85, ,000 Monthly gross salary in AED within the UAE for full time positions. 16 UAE Salary Guide and Market Overview 2014
19 UAE Salary Guide and Market Overview
20 OFFICE SUPPORT The region s recent commercial boom has increased the demand for office support staff as a whole. In particular for junior positions and vacancies in the Oil & Gas, Hospitality and Professional Services sectors as they start to expand their operations. Competition within office support remains high, with a large number of quality candidates flooding the market, especially from western European countries. Companies, however, increasingly require for candidates to have good local knowledge and Arabic speaking skills in support of the local government s Emirati employment initiative. The extensive talent pool who are readily available has seen salaries remain relatively stable with no significant increases. As more organisations are willing to wait for the right person to fill their roles, jobseekers are prepared to take pay cuts in order to gain more experience, learn new skills or get a foot in the door. Top 3 roles in demand: Senior Western EA Arabic PA British Legal Secretary 18 UAE Salary Guide and Market Overview 2014
21 Office Support Office Support Executive Assistant 15,000-25,000 18,000 Personal Assistant 12,000-25,000 16,000 Administrator 10,000-15,000 12,000 Receptionist 10,000-14,000 12,000 Office Manager 15,000-25,000 20,000 Secretary 14,000-22,000 18,000 Legal Secretary 15,000-23, ,000 Paralegal 16,000-25, ,000 Monthly gross salary in AED within the UAE for full time positions. UAE Salary Guide and Market Overview
22 SALES & MARKETING The Sales and Marketing sector started to reap the benefits of the region s growth in Many retail, multinational and Fast Moving Consumer Good (FMCG) businesses started to expand their operations, hiring new talent rather than opting for internal promotion a trend that was evident during the lull of previous years. The Kingdom of Saudi Arabia and Qatar is also experiencing high employment growth. Successful candidates in these regions usually have strong regional experience. Top 3 roles in demand: Key Account Manager Regional Sales Manager PR/Communications The rise of digital has helped to increase the hiring pace of marketing roles, while sales continues to remain a premium skill. A high volume of quality sales and marketing talent can be found within the region, making it a competitive market. There has been a clear demand for both skill sets in 2014, which will help candidates stand out, particularly in the FMCG market. 20 UAE Salary Guide and Market Overview 2014
23 Sales & Marketing Marketing & Brand Marketing Executive 12,000-22,000 17,000 Marketing Manager 28,000-40,000 34,000 Marketing Director/Head of Marketing 40,000-60,000 50,000 Junior Brand Manager 12,000-18,000 16,000 Brand Manager 18,000-30,000 25,000 Communications & PR Corporate Communications Assistant 15,000-20,000 17,000 Corporate Communications Manager 25,000-45,000 35,000 Corporate Communications Director 45,000-60, ,000 PR/Media Relations Executive 15,000-20,000 17,000 PR Manager 25,000-35, ,000 PR Director/Head of PR 40,000-50, ,000 Sales & Account Managers Sales Executives 10,000-15, ,000 Sales Managers 20,000-35, ,000 Sales Director/Head of Sales 40,000-45, ,000 Key Account Manager 15,000-25,000 20,000 Business Development Manager 25,000-45,000 35,000 Monthly gross salary in AED within the UAE for full time positions. UAE Salary Guide and Market Overview
24 SUPPLY CHAIN & PROCUREMENT The demand for Procurement and Supply Chain professionals in the Middle East has remained strong, with companies continuously looking at how they can improve their customers/ suppliers experiences, therefore creating new positions in this discipline. Although employers are more open to looking overseas for talent, local experience is always preferred. The FMCG and Pharma industries in particular are still a growing presence within Dubai, with many such multinational companies (MNCs) having their regional HQs within the Emirate. The majority of the world s largest logistics companies (3PLs) are also benefiting because of the increased demand for warehousing in a number of industries, particularly within the building materials sector. From a geographical perspective, outside of the UAE, clients in Saudi Arabia also have a strong focus on creating efficient supply chain teams, with an increased demand for Saudi Nationals. Top 3 roles in demand: Supply Chain Manager Procurement Manager Warehouse Manager 22 UAE Salary Guide and Market Overview 2014
25 Supply Chain & Procurement Logistics Manager 12,000-40,000 25,000 Sales Manager 12,000-35,000 22,000 GM/Country Manager 35,000-65,000 50,000 Air Freight Manager 12,000-30,000 20,000 Transport Manager 12,000-65,000 35,000 Operations Manager 20,000-55,000 40,000 Commercial Manager 20,000-55,000 35,000 Shipping Manager 12,000-60,000 35,000 Warehouse Manager 10,000-50,000 35,000 Demand Planner 15,000-30,000 20,000 Supply Planner 10,000-28,000 20,000 Buyer (Raw Material) 10,000-20,000 15,000 Sourcing Manager 15,000-40,000 25,000 Supply Chain Manager 12,000-65,000 35,000 Purchasing Manager 12,000-65,000 35,000 UAE Salary Guide and Market Overview
26 ABOUT HAYS As the world s largest specialist recruitment agency, Hays employs 7,840 staff in 239 offices across 33 countries and 20 specialisms. From our office in Dubai, we focus on offering permanent recruitment solutions across the GCC region. Our consultants sector-specific knowledge and unique understanding of the local market allows us to offer you an exceptional level of expertise across a number of industries including: Accountancy & Finance Architecture Banking Construction Engineering Facilities Management Healthcare HR IT Legal Life Sciences Logistics Manufacturing & Operations Office Support Oil & Gas Procurement Property Sales & Marketing Discover in-depth Oil and Gas industry insights, market forecasts, trends, and salary details with our global Oil and Gas Salary Guide. Available to download at hays.ae To find out more about Hays UAE, visit hays.ae or call +971 (0) UAE Salary Guide and Market Overview 2014
27 RECRUITING NOW? CONSULT THE EXPERTS As the leading experts in qualified, professional and skilled recruitment, we are passionate about finding the right calibre of individual who will add value to your organisation. Our market insights and advisory services are the best in the business. Interview Guidance Recruitment Advice Salary Information Industry Insights And much more To learn more visit our website, or the experts on hays.ae UAE Salary Guide and Market Overview
28 hays.ae Copyright Hays plc 2014 HAYS, the Corporate and Sector H devices, Recruiting experts worldwide, the HAYS Recruiting experts worldwide logo and Powering the World of Work are trade marks of Hays plc. The Corporate and Sector H devices are original designs protected by registration in many countries. All rights are reserved. The reproduction or transmission of all or part of this work, whether by photocopying or storing in any medium by electronic means or otherwise, without the written permission of the owner, is restricted. The commission of any unauthorised act in relation to the work may result in civil and/or criminal action. UAE UAE Salary Guide and Market Overview 2014
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