Professional job openings for expats are increasing in the United Arab Emirates, according to a local employment monitor.
Vacancies were up 2% in the first half of the year, while the number of roles advertised increased 6% year-on-year.
At the same time, the number of job seekers wanting to move firms has gone up 3%, while the number of people looking for a role in the UAE has surged by 18%.
In job numbers, 6,310 workers were recruited in the first half of 2013.
UAE market explained
The employment monitor, compiled by recruitment firm Morgan McKinley, shows the number of professional posts in the UAE at 32,760 at the end of June 2013, with 27,790 job seekers chasing the vacancies.
The firm’s UAE managing director Trefor Murphy said: “Our data shows the hiring market in the UAE has turned the corner and is growing again.
“Banking and construction are the two markets looking to fill the most roles. Financial services here as seen a real surge in growth. This mostly comes from the need for regulatory and compliance officers as governance becomes stricter.
“The UAE also need architects, surveyors and project managers as the number of projects starts to rise.”
Meanwhile, the firm has also issued a market monitoring report for Australia.
Australian snapshot
The three key features are:
- Companies are offshoring finance and accounting processes to save money, which means onshore professionals are seeing their roles switch from direct accountancy to more strategic roles, like business analysis
- Innovative technology companies are battling for funding and the winners are generally those with the best proposals for improving customer experience
- Professionals who can steer companies through risk and compliance issues are highly sought after
Louise Langridge, of Morgan McKinley Australia said: “Our research is a snapshot of what is happening right now in the Australian market for recruiters and job seekers.
“We have targeted key trends that will affect future developments in these markets
“For instance, finance and accounting professionals are leaning more towards managing businesses rather than processing financial transactions.
“In technology, IT professional have to demonstrate the value of the work and how they have improved a business or saved money by streamlining existing processes.
“Risk and compliance has seen firms aggressively compete for the best talent to make sure they do not fall foul of new regulatory powers.”
