Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Turnover trend among Saudi staff 'on the rise'  Join our daily free Newsletter

MENAFN - Arab News - 28/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Up to one-third of working saudi nationals surveyed recently say they intend to leave their employer within three years according to a new survey conducted by global hr consulting firm mercer.

the study of employers and employees across the kingdom has also surfaced some key disparities between what both rate as important when it comes to attracting and retaining employees.

'the findings are a clear wake-up call for employers of saudi men and women" said the head of mercer's business in saudi arabia tom o'byrne.

'employers who don't prepare their workforce their hr programs and their policies to better reflect and accommodate the saudi workforce of today and tomorrow will end up paying a high price."

mercer's team of saudi consultants helped lead and conduct the 'what's working' study toward the end of 2013 following signs that turnover among key hires across the saudi labor market was on the rise.

the findings come from responses from 116 hr managers business owners and senior executives along with those from more than 400 saudi men and women currently employed in saudi arabia.

the survey showed a clear gap between worker and employer expectations around compensation employee development motivation and at times the nature of work itself.

'one in four saudi men and one in three saudi women told us they plan to leave their current employer within one-three years; up to 17 percent among younger employees stated they planned to stay less than 12 months" mr.o'byrne said.

'these rates are cause for concern."

omar alsanousi an associate with mercer consulting in saudi arabia and one of the leads on the survey project said hr managers and business leaders in saudi arabia continue to woo saudi nationals into their organizations in response to government directives on saudization.

'our study has uncovered that while compensation is key to attracting saudi nationals into and away from an employer it is not the only driver to employee motivation and engagement to stay and grow with his or her employer" alsanousi said.

an example of this disconnect was on the question of variable pay.

two thirds (72 percent) of employer respondents ranked short and long-term variable pay as having either a moderate or weak impact as an element of reward. this was in stark contrast to the nine out of ten (90 percent) of saudi nationals who saw this element of compensation as either important or somewhat important.

similarly the mercer study revealed a divergence of views around other benefits.

forty-one percent of hr managers rated retirement benefits as having a weak impact in the reward mix in contrast to employees who ranked the importance of retirement benefits at 78 percent.

time-off programs were also valued differently with 70 percent of hr managers saying that such schemes had either a moderate or weak impact as opposed to the 58 percent of employees who thought they were important elements to consider.

also few respondents gave positive views about the dynamism and collegiate environment of their workplaces.

'in every age category bar one less than five percent stated that their opinions held any weight and were respected in the organizations where they worked" said o'byrne.

o'byrne says enticing and keeping saudi nationals in the saudi workforce will continue to be a top priority for the country's government for the foreseeable future so these issues need to be addressed.

'we will continue to study this issue as part of our on-going commitment to the kingdom. our clients and indeed all employers want to know more about the types of employment value propositions that need to exist between the saudi employee and their employer" he said.

'put simply one value proposition for one workforce is no longer going to work and employers who ignore the trends will end up paying the price" he said.


 


Arab News




  MENA News Headlines
 Sep 18 2014 - UAE- DED and DQG host Share Best Practice ConferenceKhaleej Times
(MENAFN - Khaleej Times) The Department of Economic Development (DED) and Dubai Quality Group on Wednesday hosted the 'Share Best Practice Conference and Exhibition 2014' with an aim to share the ...

 Sep 18 2014 - UAE- Dolphin Energy achieves 5 trillion SCF output milestoneKhaleej Times
(MENAFN - Khaleej Times) The Dolphin Project involves the production and processing of natural gas from Qatar's North Field, and transportation of the dry gas by sub-sea export pipeline from Qatar to ...

 Sep 18 2014 - Acer unveils new line-up, eyes increased market share in UAEKhaleej Times
(MENAFN - Khaleej Times) Acer unveiled its new line-up of touch-based products portfolio at its first-ever annual showcase in Dubai on Wednesday.The Taiwanese company, which is No.1 for the last 16 ...

 Sep 18 2014 - Qatar- HH the Emir Sends Congratulations to President of ChileQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani sent Thursday a cable of congratulations to President of the Republic of Chile Michelle Bachelet on the occasion of the anniversary of her ...

 Sep 18 2014 - Qatar- HE Premier Sends Congratulations to President of ChileQatar News Agency
(MENAFN - QNA) HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani sent Thursday a cable of congratulations to President of the Republic of Chile Michelle ...

 Sep 18 2014 - President Rouhani Condemns Massacre of Innocent People by ISIS ElementsQatar News Agency
(MENAFN - QNA) Iranian President Hassan Rouhani has condemned the killing of innocent people by terrorist groups. He made the remarks in an exclusive interview with the NBC News Network in Tehran ...

 Sep 18 2014 - FBI: ISIS May Take More Hostages in Order to Force US ConcessionsQatar News Agency
(MENAFN - QNA) US Federal Bureau of Investigation (FBI) Director James Comey said in written testimony to Congress Wednesday that Americans within reach of the Islamic State of Iraq and Syria (ISIS) ...

 Sep 18 2014 - WHO Investigates Children Deaths after Measles Vaccination in SyrianQatar News Agency
(MENAFN - QNA) The World Health Organization (WHO) and UN Children's Fund (UNICEF) have initiated the investigation into the death of 15 children in Syria who were vaccinated against measles, UNICEF ...

 Sep 18 2014 - UAE- 787-9 Dreamliner, A380 to boost Etihad's operationsKhaleej Times
(MENAFN - Khaleej Times) "The new jumbos will deliver new, industry-leading in-flight product," said James Hogan, the chief executive of Etihad Airways, while speaking to more than 700 delegates from ...

 Sep 18 2014 - UAE- Komatsu awards Galadari for superior market shareKhaleej Times
(MENAFN - Khaleej Times) Hisashi Shinozuka, Director and Senior Executive Officer of Komatsu Ltd and President of Komatsu's Construction & Mining Equipment Division, presented the 'Best achievement ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help