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Top expats staying longer than ever before in UAE
| Published: | 3 Jan at 2 PM |
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Tagged: UAE
Executive expats are staying up to twice as long in the UAE even though the economy is improving in the West and salary increases in the Gulf state are “modest”, according to recruitment companies.
In 2013, senior professionals’ average stay rose to four and a half years – nearly twice as long as the number recorded in 2007, said Maryland-based recruitment firm Stanton Chase.
Managing partner Panos Manolopoulos said a “major shift” had taken place, so much so that executive employees based in the UAE were no longer “transient”. He explained that they were taking up new roles but opting to stay in the same region, with some having been based there for more than 10 years.
Manolopoulos, who is based in the Middle East, said that when recruiting they now target personnel already based in the region, whereas in the past they would take around 80 per cent from elsewhere. The figures were gathered from companies Standard Chase does business with, and applies to country and general managers as well as “C”-level executives.
Manolopoulos explained that one reason these individuals were staying longer was that more was known about the oil-rich state. He noted that in days gone by, executives would ask questions such as how close it was to Afghanistan, which doesn’t happen anymore.
In 2013, senior professionals’ average stay rose to four and a half years – nearly twice as long as the number recorded in 2007, said Maryland-based recruitment firm Stanton Chase.
Managing partner Panos Manolopoulos said a “major shift” had taken place, so much so that executive employees based in the UAE were no longer “transient”. He explained that they were taking up new roles but opting to stay in the same region, with some having been based there for more than 10 years.
Manolopoulos, who is based in the Middle East, said that when recruiting they now target personnel already based in the region, whereas in the past they would take around 80 per cent from elsewhere. The figures were gathered from companies Standard Chase does business with, and applies to country and general managers as well as “C”-level executives.
Manolopoulos explained that one reason these individuals were staying longer was that more was known about the oil-rich state. He noted that in days gone by, executives would ask questions such as how close it was to Afghanistan, which doesn’t happen anymore.
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