55 of UAE residents expect salary raise in 2015

(MENAFN- Khaleej Times) Today 50 per cent of UAE professionals are unhappy with their income compared to just four per cent who are highly satisfied with what they earn.

Dubai — More than half of professionals in the UAE are expecting a salary increase in 2015 although 40 per cent admit that they didn’t receive one in 2014 the 2015 Bayt.com Mena Salary Survey conducted by Bayt.com and YouGov has found.

Across the Mena region a little over half (52 per cent) of professionals surveyed claim that their current package consists of basic salary plus benefits.

In the UAE 62 per cent said that they receive a basic salary with benefits; another 15 per cent are also entitled to commissions. For over a third of respondents in the UAE (36 per cent) who receive a basic salary along with other benefits the basic salary consists of 25 to 50 per cent of their monthly salary package while for 35 per cent their basic salary represents 51 to 75 per cent of their overall monthly income.

Based on the survey 63 per cent of respondents in the UAE prefer a 100 per cent fixed-pay structure.

Today 50 per cent of UAE professionals are unhappy with their income compared to just four per cent who are highly satisfied with what they earn.

More than half (57 per cent) of UAE respondents state that men and women get equal pay for doing the same work. Moreover according to 66 per cent of respondents in the UAE their salary is lower than what other companies in their industry offer.

Surprisingly 40 per cent of UAE respondents said that they did not get a pay raise in 2014. For those who did 25 per cent were either very or modestly happy with their raise.

Another 24 per cent thought that their raise was fair in light of their contribution to the company or the organisation’s financial situation — or even both. In addition 52 per cent of UAE professionals are quite unhappy or very unhappy with their raise.

Almost a quarter (24 per cent) of UAE respondents do not expect to receive a salary increase in 2015. In parallel 32 per cent expect a raise of up to 15 per cent.

In the UAE the most common benefits offered by companies are personal medical insurance (47 per cent) and personal annual air ticket (42 per cent). A total of 74 per cent of UAE professionals claim that their company does not pay for overtime.

Interestingly 60 per cent of UAE respondents recognise that their loyalty to their company is on some level based on the salary that they earn.

Other variables that drive UAE professionals’ loyalty to their company include opportunities for long-term career advancement (37 per cent) and their line manager (33 per cent).

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