24 Nov 2012
(MENAFN) A new report by management consulting firm Hay Group expected Oman salaries’ growth to slow to an average five percent in 2013 from 5.7 percent this year, Arabian Business reported.
Its report analysed salary information for 35,000 employees from 106 organisations in Oman.
Hay Group’s Warren D’Cruz attributed forecast to the optimistic economic climate and investments in national infrastructure.
D’Cruz said the pressure on allowances is not the same as neighbouring GCC members, as employers are increasing salaries rather than adding to allowances such as housing, transport and education.
He added that the majority of pay rises were awarded to supervisory and management level employees.
While Hay Group found that the banking and oil and gas sectors still dominated, the gap between pay in these sectors and the rest of the market was less pronounced than in other GCC markets.
Harish Bhatia, who also worked on the Hay Group report, said The Omani national workforce, although concentrated in the prime sectors of oil and gas and banking, is also well represented across other industries, unlike the UAE and Qatar where more than 70 percent of the national private sector workforce is employed in these prime sectors, thus skewing the market in terms of pay.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more