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FINANCIAL NEWS
Saudi Arabia salary predict to hover around 5 percent
07 Jan 2016
(MENAFN) The coming year will be a year of fiscal prudence to employee remuneration in the GCC, with care being the key word.
Moreover, salary increase predicts for this year in the UAE and Qatar is now registered at 4.9 percent.
However, in Saudi Arabia, the nation in the area most affected by the sharp decline in oil prices, rises are predicted to hover almost 5 percent.
“It is clear that 2016 is likely to be characterized as being a year of restrictions, caution and a focus on improved efficiency from an HR, compensation and benefits perspective,” said Business Leader.
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