While the majority of UAE companies (63%) intend to increase their headcount in the next 12 months, some will postpone or even freeze new hires, according to a study released on Thursday.
Recruitment Consultancy According to Robert Half, the global economic picture, with multiple elections scheduled and unstable inflation, is one of the most significant challenges for UAE business performance, causing many to delay hiring activity.
Many UAE firms have regional and global operations, so executives will likely rethink and revise their policies to address global issues.
Gareth El Mettouri, director for the Middle East at Robert Half, stated that while the UAE economy is booming and businesses see opportunities for growth in the coming year, global uncertainty is influencing hiring intentions. As a global hub, many businesses in the region could be severely impacted by the worldwide parliamentary elections. While high inflation and volatile interest rates persist, many companies are playing it safe and delaying critical decisions,” he added.
According to Robert Half’s most recent survey, two-thirds (67%) of UAE business leaders are “very confident” in their organization’s growth prospects for the rest of 2024 and into 2025. Increased demand for products and services, expanded business opportunities, and a better economic situation were driving confidence.
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