Sign in Register
Posted On: 21 October 2008 09:23 pm
Updated On: 12 November 2020 02:08 pm

Professionals from West may swamp job market

Khalifa Al Haroon
Khalifa Al Haroon
Your friendly neighborhood Qatari
Discuss here!
Start a discussion
There is a possibility of West-based professionals flooding the talent pool in the Gulf region, threatening the influx of their counterparts from Asia . A study made by disclosed the current economic gloom in the US and Europe will draw more professionals from these rich countries to try their luck in the Gulf region. Even Western-educated professionals with Middle East origins are among those inclined to return to their respective countries on a scale not seen since the post World Trade Center attacks, the study further revealed. According to the study the attraction among Western-based professionals is part of the projection by most human resource managers in the region as they see an aggressive recruitment drive over the next 12 months with an expected continuing trend to salary increase offers similar to what happened this year. Such projection is consistent with the current fundamentals of the economy like oil price still at historically high levels , inflation rampant in the region and salaries in India still consistent with double-digit growth despite the global slowdown. The study, however , warned that beyond the next few months , the upward pressure on pay increases may start stabilizing -- depending on the strength of the US dollar, the depth and severity of the expected downturn in the western markets and the extent to which downturn spreads to developing economies including India. The Pen