UAE jobs: 49% of companies budget for higher salaries

About 49 per cent of companies in the UAE are budgeting for higher salaries during their annual pay reviews this year, as inflation increases the cost of living globally, according to a new report.

Sixty-eight per cent of organisations in the Emirates said they conduct a annual pay review, according to professional services company Aon, which surveyed 150 companies across all industries in the country in the first two weeks of June.

Companies that participated in the survey included the Prime Minister's Office, Majid Al Futtaim, Abu Dhabi Investment Authority, Abu Dhabi Global Market, DP World, Beeah Group, Mubadala, Mondelez, Microsoft and Airbus, among others.

The actual and budgeted amount for regular pay increases for a majority of companies in the UAE ranges from 2 per cent to 6 per cent, the survey revealed.

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