Report: Qatar pay rises struggle to keep pace with rising inflation
Though Qatar residents have so far been relatively well-protected from the effects of tumbling oil prices, employees are not much better off this year thanks to subdued pay rises and the soaring cost of living, a new survey has found.
According to the annual Compensation and Benefit Report for Qatar by global management consultancy Hay Group, most people surveyed received a pay rise of 4.2 percent, just above the rate of inflation.
According to the report, that rate now stands at around 3.5 percent, and has risen mostly due to increasing cost of housing.
Additionally, some 92 percent of firms paid performance-based target bonuses for their staff this year.
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Source News: Doha News