Healthcare continues to be the industry where job demand is soaring…
The UAE recorded a double-digit growth in online hiring activities but the GCC as a whole witnessed more than 20 per cent decline in June 2016, according to a latest survey findings.
In the UAE, healthcare continues to be the industry where job demand is soaring, with listed job opportunities up by 46 per cent in June 2016 as compared to the same period last year, revealed the Monster Employment Index.
Retail and trade ranked second in terms of job demand, with 32 per cent year-on-year growth. Online recruitment activity declined the most in the hospitality sector, with a 29 per cent year-on-year drop.
“We expect this positive trend to continue, especially in the UAE, which is seen by economists as the most promising economy in the Mena,” said Sanjay Modi, managing director – Apac and Middle East, Monster.com.
UAE’s gross domestic product (GDP) is forecast to grow by three per cent this year – one per cent higher than the World Bank’s original forecast of two per cent. This is significant when viewed against the backdrop of a projected global growth rate of 2.6 per cent in 2016.
Mandatory medical coverage
Modi said: “We see a significant increase in demand for healthcare professionals, with job listings up by 31 per cent in June 2016 year-to-date. With the mandatory health insurance scheme in place, the country’s multi-billion-dollar healthcare industry could continue growing in double digits in 2016 as all sponsors are now required to enrol their employees for a mandatory medical coverage plan.”
Bahrain and Oman were the other GCC countries which registered a positive annual growth rate in job opportunities at 23 per cent and three per cent respectively.
“Clearly, employers are adopting a much more cautious and risk-averse approach to hiring, with e-recruitment in the region registering a negative 21 per cent annual growth in June – the lowest this year,” Modi said.
Saudi Arabia has been charting negative growth trends year on year successively since February. This month, e-recruitment activity in the country slipped 18 per cent below the year-ago period. The country, nevertheless, registered a positive growth on the month, up three per cent.
Kuwait recorded the steepest growth in the month among all monitored countries, up by seven per cent. The year-on-year growth rate improved from a negative 12 per cent to a negative nine per cent.
Egypt witnessed the most notable slowdown in e-recruitment activity. The country charted the steepest decline month on month (down 11 per cent) as well as year on year (down 30 per cent) among all seven countries monitored by the index.
Abdul Baslt ; Khaleej Times ; 19 July 2016