UAE

UAE’s booming job market makes employees feel optimistic and secure

The job market in the United Arab Emirates (UAE) is booming, with a significant number of employees feeling optimistic about their prospects.

According to a new Gallup survey, nearly 7 out of 10 (69%) UAE employees believe 2024 is a good year to find a new job. This is a 10% increase compared to 2022 and reflects the strong performance of the UAE economy, particularly in non-oil sectors like tourism and hospitality.

This economic growth has led to the creation of new jobs across various industries, attracting professionals from abroad and contributing to Dubai’s population surpassing 3.7 million. Compared to their regional and global counterparts, UAE employees also feel they are progressing better in their careers. The survey found that half (50%) of UAE employees feel they are thriving at work, exceeding the regional average by more than double and the global average by 16%.

Interestingly, despite the positive job market sentiment, fewer UAE employees are actively seeking new jobs compared to their international peers. Only 40% of UAE employees are looking for new opportunities, lower than the regional average of 48% and the global average of 52%. This could be due to the overall satisfaction with current career growth within the UAE.

UAE leads in employee engagement

The UAE continues to be the leader in employee engagement within the Middle East and North Africa (MENA) region. With 29% of employees engaged at work, the UAE surpasses the global average of 23% and significantly outperforms the regional average of 14%. Gallup suggests that companies in the UAE are making strides towards improving workplace engagement and reducing employee negativity.

Focus on employee wellbeing needed

While the job market thrives and employee engagement improves, the survey also highlights the importance of addressing mental health concerns. Although lower than the MENA average, 33% of UAE employees reported experiencing stress, and 24% experienced sadness on a significant level the day before the survey.

Andrew Rzepa, a leading partner at Gallup, emphasized the importance of capitalizing on the positive momentum in the UAE job market by prioritizing employee engagement and well-being. Gallup estimates that low employee engagement costs the global economy trillions of dollars, highlighting the need for a holistic approach to workplace dynamics.

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