Survey: Qatar firms to boost pay by an average of 5 percent during 2016
Despite plummeting oil prices, companies in Qatar are still planning to spend money to attract and retain staff, with salaries forecast to rise by an average of 5 percent next year, according to a new survey.
Qatar’s projected salary bump for 2016 puts it on par with the rest of the Gulf, according to the latest edition of the Aon Hewitt GCC Salary Increase Survey. Employers in Oman and the UAE also said they were looking at 5 percent salary rises next year.
Kuwait firms are expecting to offer the biggest bumps to their employees’ pay checks, forecasting increases of 5.2 percent, while in Saudi Arabia companies forecast raises of 5.1 percent.
Bahrain’s forecast was the modest at 4.7 percent, according to the results of the annual survey, which questioned 600 multinational and locally-owned companies about their 2016 salary spending forecasts (including 68 firms in Qatar).
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Source News: Doha News
Photo: Omar Chatriwala