The Morgan McKinley UAE Employment Monitor for Q2 2015 forecasts that the professional recruitment market will see a 5 to 10 per cent growth rate per quarter for the rest of the year. The report also found a slight drop in recruitment activity as quarter-on-quarter analysis of recruitment trends shows a slight drop in recruitment activity by one per cent.
The company notes that in Q1 2015, oil was cited as a factor that is affecting growth in the UAE’s professional recruitment market. This hasn’t changed, except that Q1 of 2015 created 8,213 jobs compared to Q2 of 2015 when 8,109 professionals were hired – amounting to a one per cent drop in growth.
“The number of job seekers has decreased; this is quite worrying as there are many other options available for them – if you look at the employment market in the UK, Ireland, America, Australia and Asia, there is no need to come to the UAE anymore and yet two years ago everyone was looking to work in Dubai,” commented Trefor Murphy, managing director for the Middle East and North Africa at Morgan McKinley.