FINANCIAL NEWS

Saudi private sector’s salaries to go up 5% in next 12 months

14 Sep 2011

(MENAFN) The Hay Group, a global management consulting firm, said that over the next twelve months, salaries at Saudi’s private sector would go up by 5 percent, reported Arabian Business.

The group added that in 2010, average salaries in the country rose 4.4 percent, whereas salaries including allowances grew 7.5 percent for Saudi nationals, noting that Saudis were paid 13 percent more than the general market average when taking in consideration the cash total.

It also said that the government introduced the Nitaqat (ranges) system in May which aimed at increasing the number of Saudi workers in the country’s firms.

It is worth noting that due to the Nitaqat system, demand for Saudi nationals grew when compared to three or five years ago, since companies are required to hire more Saudis.

More News

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