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
 Oct 1 2014 - Japan volcano death toll hits 43 as new bodies foundKhaleej Times
(MENAFN - Khaleej Times) Rescuers found seven more people in cardiac arrest near the mountain top and are now carrying them down an official in Otaki village where one mountain trail begins told ...

 Oct 1 2014 - Shahid Kapoor and Shraddha Kapoor speak about their film 'Haider'Khaleej Times
(MENAFN - Khaleej Times) Vishals fascination with Shakespeare is undeniable. Shahid Kapoor was not sure whose coffee he was having while he sat on the couch with City Times during his recent trip to ...

 Oct 1 2014 - Newlyweds set to officialise perfect weddingKhaleej Times
(MENAFN - Khaleej Times) Newlyweds George Clooney and Amal Alamuddin were expected to hold a civil service at Venice town hall yesterday to officialise their star-studded more than perfect ...

 Oct 1 2014 - Qatar Stocks Gain SlightlyQatar News Agency
(MENAFN - QNA) Qatar Exchange index gained slightly by 30.24 points (+0.22%) when the bourse closed trading at 13,758.55 points here Wednesday. The trading value dropped to QR 613.628 million from ...

 Oct 1 2014 - QAPCO, Education Above All Sign Partnership AgreementQatar News Agency
(MENAFN - QNA) Qatar Petrochemical Company (QAPCO) and Education Above All Foundation (EAA) on Wednesday signed a partnership agreement, according to which QAPCO joins the international partners and ...

 Oct 1 2014 - Qatar's Hajj Mission Participates in GCC Annual Mission MeetingQatar News Agency
(MENAFN - QNA) Qatar's Hajj mission took part in the annual meeting for heads of GCC Hajj missions that was held Tuesday night at the headquarters of the Bahraini mission in Mecca. The meeting ...

 Oct 1 2014 - Alia Bhatt turns designerKhaleej Times
(MENAFN - Khaleej Times) Says director Karan Johar influences her fashion sense Photo: Agencies Alia Bhatt has turned designer for a line titled ‘Alia’ for an online shopping portal. ...

 Oct 1 2014 - Al Ain bow out in style in AFC Champions LeagueKhaleej Times
(MENAFN - Khaleej Times) The Boss exit despite beating Al Hilal by odd goal in three in AFC Champions Dubai: Ten-man Al Ain beat Saudi Arabia’s Al Hilal 2-1 in the second leg of the AFC ...

 Oct 1 2014 - Justin Rose aims for the skies in charity bidKhaleej Times
(MENAFN - Khaleej Times) Rose was set a task of hitting a succession of golf balls at a target 180 yards away from his elevated perch on the planes wing which has a wingspan of 64 metres. Golfer ...

 Oct 1 2014 - Aussies likely to miss services of three key playersKhaleej Times
(MENAFN - Khaleej Times) Glenn Maxwell Cameron Boyce and Pat Cummins may not be included in the team if they play the final of the Champions League T20 in India. Your browser does not support ...

more...


 






Google

 
 

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