Online job adverts growing fast in Bahrain and UAE
Author: PM editorial | Date: 27 Jul 2016
Healthcare a high point, but wider GCC region enduring recruitment slump, says survey
Online job adverts have declined for the third year running in the GCC – but Bahrain, UAE and Oman have bucked the trend with a positive annual growth.
These are the findings of the Monster Employment Index, compiled by employment website Monster. It found that online adverts for jobs across the region as a whole fell by 21 per cent.
However, jobs listed in Bahrain, UAE and Oman grew by 23 per cent, 10 per cent and 3 per cent respectively, compared to the same period in 2015.
“The results of Monster Employment Index (MEI) mirror the adverse impact of rising economic uncertainty in the region,” said Sanjay Modi, managing director of APAC and Middle East for Monster.com. “Clearly, employers are adopting a much more cautious and risk-averse approach to hiring.”
The positive trend for the UAE is expected to continue as leading economists have predicted that its growth will outpace the rest of the region over the next couple of years. The country’s GDP is forecast to grow by three per cent this year, higher than the average projected global growth rate of 2.6 per cent and the average of 1.3 per cent for the MENA region.
Healthcare is responsible for much of the growth in job adverts in the UAE, with advertised positions up by 46 per cent for 2016. Five of the six largest countries in the Gulf region now have mandatory health insurance schemes and the UAE has made huge investments in its healthcare infrastructure recently.
The industries with the lowest growth in the UAE were banking, financial services and insurance (down one per cent); oil and gas (down 22 per cent); and hospitality (down 29 per cent).
The fastest-growing occupation in the UAE was, predictably, healthcare but HR and admin came in third, up 14 per cent in a year.
The news that job adverts in Bahrain are increasing comes at the same time as the country approved a new law to allow complete foreign ownership of businesses. This is expected to “spur growth, generate jobs for citizens, and encourage investment in the economy,” said the Bahraini government.
Bahrain’s tourism sector is also on the up. Visitors grew to 11.6 million in 2015, up 11 per cent from 2014, according to the Economic Development Board (EDB).