Some 40 percent of professionals working in Qatar are unhappy with their income compared to just 4 percent who are highly satisfied with what they earn, according to the latest Bayt.com survey on compensation of employees.
More than half of Qatar professionals are expecting a salary increase in 2015, although 38 percent admit that they didn’t receive one in 2014, said the 2015 Bayt.com MENA Salary Survey conducted in collaboration with YouGov.
Across the Middle East and North Africa (Mena) region, a little over half (52 percent) of professionals surveyed claim that their current package consists of basic salary plus benefits.
In Qatar, 59 percent said that they receive a basic salary with benefits; another 12 percent are also entitled to commissions. For over a third of respondents in Qatar (34 percent) who receive a basic salary along with other benefits, the basic salary consists of 25-50 percent of their monthly salary package, while for 40 percent their basic salary represents 51-75 percent of their overall monthly income. Based on the survey, 65 percent of respondents in Qatar prefer a 100 percent fixed-pay structure.
More than half (55 percent) of Qatar respondents state that men and women get equal pay for doing the same work. Moreover, according to 64 percent of respondents in Qatar, their salary is lower than what other companies in their industry offer.
Surprisingly, 38 percent of Qatar respondents said that they did not get a pay hike in 2014. For those who did, 27 percent were either very or modestly happy with their raise. Another 22 percent thought that their raise was fair in light of their contribution to the company or the organization’s financial situation – or even both. 51 percent of Qatar professionals are quite unhappy or very unhappy with their raise.
Almost a quarter (22 percent) of Qatar respondents do not expect to receive a salary increase in 2015. In parallel, 33 percent expect a raise of up to 15 percent.
In Qatar, the most common benefits offered by companies are personal annual air ticket (45 percent) and personal medical insurance (38 percent).
A total of 63 percent of Qatar professionals claim that their company does not pay for overtime.
Loyalty, End of Service Benefits, and Insurance 60 percent of Qatar respondents recognise that their loyalty to their company is, on some level, based on the salary that they earn. For 25 percent, however, that is just not the case. Other variables that drive Qatar professionals’ loyalty to their company include opportunities for long-term career advancement (40 percent) and their line manager (30 percent).
In Qatar, 75 percent of respondents receive an end-of-service gratuity and a mere 3 percent get pension upon retirement. 23 percent have access to other forms of end-of-service benefits or none at all.
More than one third of Qatar professionals (38 percent) have access to medical insurance for themselves – through their company – while 14 percent are also offered coverage for their dependents.
Cost of Living, Quality of Living, and Savings
A staggering 85 percent of Qatar respondents have seen the cost of living rise in 2014, with 27% saying that it grew by more than 20 percent. These Qatar respondents who mentioned that the cost of living increased attribute it to increases in the cost of rent (74 percent), food and beverages (69 percent), and utilities (28 percent). 80 percent of Qatar respondents expect that the cost of living will continue to soar throughout the year.
The increased cost of living has, in turn, hampered these professionals’ ability to save: 19 percent of Qatar respondents admit that they save nothing from their monthly salary. Still, 74 percent of expats in Qatar manage to repatriate a portion of their salary to their home country.
Despite Qatar’s high cost of living, 53 percent of Qatar respondents say that they are better off, in terms of quality of life, when compared to other people of a similar generation in their country of residence.
In the next 12 months, 52 percent of Qatar professionals intend to look for a better job in the same industry, while 25 percent aim to find one in another industry. 66 percent believe that salaries in Qatar are increasing.
There are multiple advertising possibilities with the ILQ network, drop us an e-mail at [email protected] for inquiries!
If you have anything you want to share with us, send us an e-mail at [email protected]!
Want to send a tip? Drop us an e-mail at [email protected], anonymity is guaranteed!
You have successfully registered your account!Please confirm your e-mail address by clicking on the URL sent to you.The e-mail usually arrives in 5-10 minutes.
Salam! Welcome to our brand new site! Looking good huh?
We’ve got loads of cool new features and to help make sure your account is secure, you’ll need to reset your password the first time you log in.
New to ILQ? What are you waiting for? Sign up!
How ajeeb was that!? Thanks for contributing to our community! Your post will appear after we take a quick look!