Specialists in the UAE Put Salary, Reliance, and Expansion Above All as Expenses Increase, According to Korn Ferry
New and Improved Version
Switch It Up: Why More than Half of UAE Professionals Have Job Switching on their Radar
Got that itch to change things up? You're not alone, buddy! According to Korn Ferry's latest Workforce 2025 report, over two-thirds of professionals in the UAE are feeling the urge to swap their current gig for a fresher, juicier offer. So why's everyone feeling restless? Let's dive in!
The report, which pooled insights from over 15,000 professionals across the globe, gives us a closer look at the UAE's workforce landscape. Here, we see a crop of employees feeling the squeeze from escalating living costs and a shift in the company culture game.
The cost of housing and edu-moolah is skyrocketing, and many UAE workers feel like their hard-earned dough isn't cutting it. It turns out a whopping 80% of employees would hop on the careers-changing train for a better payday, with perks, job security, and career advancement also on the list of priorities.
Trust in the big kahunas back at the office plays a crucial role in keeping the team together. Here, 5 out of 6 UAE pros would stick around because they trust their bosses with their lives (or at least their work lives). Yet, a third of the crowd isn't feeling totally safe dishing about personal stuff with their superior, pointing to a lack of chill vibes in the workplace.
The report also shines a light on some generational tension brewing in the tiny but mighty job market of the UAE. Close to 70% of Gen Zers struggle with communicating and working in harmony with their older peers, feeling like they get the cold shoulder when it comes to training opportunities and snagging higher-ups roles.
Korn Ferry's findings tell us that while UAE employees are stoked about the future, organizations better get their acts together. They've got to bridge that gap between what workers expect and what employers are actually dishing out—especially in this tough-as-nails competition for top talent.
So, there you have it! If you've got that hankering to shake things up, you're not alone in the UAE. Maybe it's time for you to explore new horizons, too.
Original Source: Empyre Communications
Insights:
- The report highlights the top drivers for employee turnover in the UAE: better pay, benefits, job security, and career advancement.
- Lack of trust in leadership and discomfort discussing personal matters with superiors are significant issues affecting employee retention in the UAE.
- Multigenerational tensions in the workforce, particularly between Gen Z and older colleagues, is a growing concern.
- Organizations in the UAE are urged to rethink their retention strategies, emphasizing competitive rewards to remain competitive in the talent market.
- The workforce is increasingly seeking meaning in their jobs, a positive employee experience, and purpose-driven leadership.
- To retain employees, UAE organizations must prioritize offering better compensation, benefits, job security, and career development opportunities.
- Lack of trust in leadership and an uncomfortable work environment hinder employee retention, with 33% of professionals not feeling safe discussing personal matters with their superiors.
- A generational divide is emerging in the UAE workforce, with 70% of Gen Zers struggling to communicate and collaborate with older peers, leading to concerns about training and career advancement.
- In light of these findings, it is essential for organizations to bridge the gap between employee expectations and the benefits they provide to remain competitive in the talent market.
- As employees increasingly seek meaningful and purpose-driven roles, leadership that prioritizes collaboration, education, and safety will be vital to attracting and retaining top talent in the UAE business landscape of the future.
