Qatar records an overall 80percent rise in pay scales
Although Qatar has seen some of the best pay hikes in the region during the last decade, the increase in pay scales have been eroded by inflation, said a report by Hay Group, the global management consultancy.
The report said that the increasing pay scales, rise in overall living standards in the GCC nations and the trend towards more variable performance-based pay scales will continue into 2011.
Salaries in Qatar, Saudi Arabia, UAE and Oman have increased considerably at the management level and above, during the past ten years.
Qatar, in particular, has seen an overall hike in salary by 80 percent, followed by Saudi Arabia at 64percent. But, when this pay is adjusted against inflation, the real pay increased received in Qatar is only 20percent, while Saudi Arabia saw the maximum increase at 50 percent.
During the past decade, GCC nations have seen double digit pay hikes and varying rates of inflation. The data by Hay Group covering 10 years indicates a stabilizing market and continuing ‘real’ pay rises, particularly in the management level for the GCC region.
Hay Group is a global human resources management consulting firm, with headquarters at Philadelphia.
Posted on 12/8/2010