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Qatar tops the region for highest salaries
Salary satisfaction has dropped across the Middle East and North Africa (MENA) region, according to a survey carried out by Bayt.com (Middle Easts top job site) together with YouGov Siraj, the regional research specialists.
Although, the salary satisfaction has dropped by two percentage points among professionals in the MENA region, a maximum of 7% of professionals expressed high satisfaction with their salaries in Qatar, compared to just 5% in the UAE. The lowest satisfactory rate was recorded in Syria with just 2% of professionals expressing satisfaction over salary levels.
Throughout the MENA region, the monthly salary levels varies considerably, the survey found. Qatar eclipsed the UAE in terms of big salaries, with more a third of Qatar professionals (39%) earning in the range USD3001 and USD8000 per month and 12% in Qatar earning more than USD8000 a month. This figure dropped to 37% in the UAE earning in the range USD3001 and USD8000, with only 10% earning more than USD8000 per month. The percentages for the same dropped to 7% in Bahrain, 6% in Kuwait, and 3% in Saudi Arabia and Oman.
The lowest paid were professionals in the countries of Algeria, Morocco and Egypt.
The Annual Middle East Survey is meant to consider the present level of wages and benefits in the region, and analyze employee opinion and satisfaction levels, vis-à-vis the salaries they receive and if they have managed to keep pace with cost of living.
Even the percentage of salary saved by people every month was considerably high in Qatar, with 74% managing to save money every month, followed by 71% in Oman.
The Salary Survey clearly indicates the economic conditions of a particular country and permits recruiters, organizations and stakeholders across all types of industry to check how salary levels change every year. The survey will add value to organizations across the region, giving them an insight into current trends about the labour market, which could be used as impetus for bringing about a change, said Rabea Ataya, CEO of Bayt.com.
The data for 2009-10 survey was conducted in February 2010, with 10,699 respondents participating across the UAE, Qatar, KSA, Kuwait, Bahrain, Oman, Jordan, Syria, Egypt, Morocco, Tunisia, Algeria and Lebanon.
Posted on 10/3/2010
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