You are on page 1of 2

3.

17 PM Wednesday, 1 January 2014

Home
Video Emirates
Home

News

Crime

Entertainment
Bollywood Region

Offbeat
Jobs World

Sports
Expo 2020

Business

Property

Lifestyle

In Pictures Government
Emirates

New s

Advanced

Here's why your UAE employer is likely to give you a 2014 bonus
Companies with profits to spend are likely to use bonuses as a means of staff retention
By Shuchita Kapur Published Tuesday, December 31, 2013

Related articles
Quitting? Boss may offer you pay-to-stay bonus War for talent: UAE firms fight for top performers European banks in UAE to see further job cuts Middle Eastern firms to hire this year 5 kinds of UAE employees likely to get increments this year

Have you already been informed by your supervisor that you have a tidy bonus coming to you for all of your hard work in 2013? If you haven’t, there are chances that you may as 2013 was a good one for business in the country. Recruitment experts in the country believe that many, if not all, sectors may be selectively giving out bonuses to keep employees happy and retain talent as 2014 is projected to be even better, and this may lead to more employees changing jobs as the market improves. “Emphatically yes,” says Toby Simpson, Managing Director at The Gulf Recruitment Group. “In general we believe employers will be giving out bigger bonuses this year than perhaps they should,” he told Emirates 24|7. Simpson believes that salaries haven’t kept pace with the improved confidence in the country and thus employers will be jittery as far as staff retention is concerned. This, he maintains, may prompt them to incentivise employees. “Salaries haven’t risen as fast as they might have with resurgent business confidence so there is nervousness about staff retention due to increased demand for talent. Companies with profits to spend are likely to use bonuses as a means to bridge the salary satisfaction gap to aid staff retention,” he explains. Even though many companies will be thinking about giving away yearend bonuses, not all sectors are likely to opt for them. Simpson has his picks here. “Major winners are likely to be those in asset management and private equity world. They are likely to see a good level of bonus as funds are beginning to flow back, but this will still only translate to mid to low bonuses in the investment banking industry. Logistics, automotive and real estate sectors are likely to pay well, particularly for sales and revenue generating staff, but still the bonus mentality is not as prevalent as it could be in retail, leisure and manufacturing sectors,” he says. James Wakefield, Regional Director at Cobalt Recruitment, believes financial services will be the sector where it is most likely that bonuses will be given. “Financial services will, as always, be the sector in which bonuses are especially prevalent,” he says but other than that, “paying of bonuses very much depends on the company.” Hasnain Qazi, Middle East Business Manager at Huxley Associates, too believes that bonuses are very much dependent on the company and the individual and cannot be limited to one particular sector. “All sectors may give bonuses but ultimately it is based on the discretion

Videos

Here's why your UAE employer is likely to give you a 2014 bonus
Companies with profits to spend are likely to use bonuses as a means of staff retention

Sixteen-year-old hired for internship w ith Intel

One-eyed Spanish matador in Colombia bullfight

See more videos

Free Newsletter: Subscribe & Win
Don't miss out on the latest news Subscribe to Emirates24|7 Newsletter and WIN 5 Samsung Galaxy S4 smartphones

News In Images
Revealed: Dubai’s biggest villa transactions of 2013
The biggest villa deal took place in Emirates Hills @ a whopping Dh67m Bollywood Birthday: Vidya Balan turns 35 Amazing pics of Dubai fireworks by E24l7 readers

New Year's Eve in UAE: Clear skies promise spectacular fireworks viewing
Significant change in weather predicted; temperatures dipping to 5 degrees Celsius

Dazzling display of fireworks: World welcomes 2014

2013 Celebrity Newsmakers: Prince George is King

Bollywood 2013: Salman Khan, Gauhar lead Newsmakers of the Year See more galleries

Bigg Boss 7: Salman, Gauhar and Tanisha in limelight

100km shoreline.Jeddah . [Image via Shutterstock] Year See more galleries Burj Khalifa NYE fireworks will once again impress Dubai and the world 10 never-before-seen fireworks effects will be streamed live on channel Follow Emirates 24|7 Most Popular in News Read Emailed Commented Video: Missed Dubai's world-record NYE fireworks? Click here Dubai NYE fireworks 'live' on TV: Click here to relive world record moments Dubai’s NYE world record: 6 minutes. . Saudi Arabia 2014-01-01 2014-01-01 Claims Manager (General) WAFA Insurance Co.Amman.Riyadh. . 400. Saudi Arabia 2014-01-01 ‫ﻣﮭﻧدس ﻣدﻧﻲ او ﻣﻌﻣﺎري‬ Enma AlRawabi ompany .Riyadh. omission or inaccuracy therein. without limitation.000 fireworks Burj Khalifa NYE fireworks will once again impress Dubai and the world Dubai lights up 2014 with World Record for Planet Earth to behold Comments Have your say Comments submitted by third parties on this site are the sole responsibility of the individual/s whose content is submitted. Your name: E-mail: Message: F1 legend Schumacher fighting for life 44-year-old undergoes brain surgery Latest jobs available ‫ﻣوظف اداري ﻣﺣﺻل اﯾﺟﺎرات‬ Enma AlRawabi ompany . Saudi Arabia By submitting your comments you agree to this website's Terms & Conditions Type in the characters you see in the picture below.” he sums up. 400 locations.Riyadh. DMI accepts no responsibility for the content of comment/s. any error.“All sectors may give bonuses but ultimately it is based on the discretion and performance in addition to profitability of the company/department you work for locally and sometimes internationally as well. including. All rights reserved. Dubai Media Incorporated. Jordan 2014-01-01 More jobs on Emirates 24|7 Submit Back to top News Emirates Government Region World Crime Local Region World Entertainment Films & Music Celebrity Gossip Events Offbeat This is life Crazy World Sports Local Cricket Football Other FIFA U-17 World Cup UAE 2013 Business Economy & Finance Corporate Technology Energy Property Real Estate Rentals Lifestyle Health Shopping Food Fashion Editorial Policy Privacy Policy Contact Us About Us Advertise Terms & Conditions iPad & iPhone Apps Copyright © 2013. Senior Architect Atelier White . Saudi Arabia 2014-01-01 Leasing Sales Supervisor . Please note that your email address will NOT appear on the site.