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Monday, 7 January 2013

Salary rises on the cards for 2013

UAE Dirhams
  • Image Credit: Supplied
  • The survey showed that the general salary increase expectations in the GCC region range from 5 to 6 per cent

Abu Dhabi: With inflation rates expected to be lower than the average pay rise in 2013 in the Middle East and North Africa (Mena) Region, Mercer, a global consulting leader in talent, health, retirement and investments, expected that the expected increases will lead to a real pay growth for the working population, a sign of development in the region.
The survey showed that companies in Africa are anticipating average increases of 8 per cent and companies in the Middle East are expected to give employees increases of 5.4 per cent in 2013.
“The Middle East and Africa has the largest variation in forecast pay increases due to the diverse nature of the region. Companies in Morocco (4.9 per cent), Tunisia (5.3 per cent) and Algeria (6.8 per cent) are predicting high pay increases to employees compared to those in Western Europe, while employees in Egypt and South Africa are anticipated to receive 10 per cent and 7 per cent, respectively,” Mercer’s 2012 Total Remuneration Survey revealed.

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