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93% of UAE firms to increase headcount in Q1, 2012

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ARAB NEWS

DUBAI: Growth in the UAE work force has continued at a steady pace
throughout 2011 and this is set to continue into 2012 with a a majority
of UAE companies forecasting an increase in their headcount, according
to the latest review conducted by the Gulf Recruitment Group, one of
UAE’s leading executive recruiters.

UAE employers are planning to improve their recruitment strategies
for the coming year offering jobseekers a reason to celebrate in the run
up to the Christmas season.

The Gulf Recruitment Group’s review found that 93 percent of
employers anticipate increasing their head count in the first quarter of
2012 but will be looking at recruiting much more cautiously.

UAE companies including multinationals and leading local companies
have expressed strong confidence that 2012 will see accelerated business
activity and with this greater hiring in the UAE and the wider region.

"Our market review suggests it will be a good start to the year when
it comes to hiring in the UAE," said Mark Timms, director, The Gulf
Recruitment Group.

"Overall, employers anticipate a continued hiring pace compared to
2011, with the brightest job prospects reported by employers in the
FMCG, construction and pharmaceutical sectors,” added Timms.

"On the other hand, opportunities in the corporate and retail banking
sector are expected to be more challenging while the investment banking
sector intends to maintain the same level of employment as the last
year. There will however be some good news for candidates seeking
careers in the insurance industry though."

The Gulf Recruitment Group has seen a positive upturn this year with
an increase of 46 percent in live mandates received and placed in 2011
compared to 2010 and envisions this to improve significantly throughout
2012.

The construction sector will see increased demand in the first two
quarters of 2012 with 17 percent of organizations reviewed having a
manpower plan in place for next year. Job openings will be in Project
Management and Engineering especially out of the UAE.

“It is very clear that the UAE economy is picking up in various
sectors and with significant regional projects being announced, much of
the expertise for these projects is being sourced from the UAE. We are
already seeing situations where companies are competing for talent, and
generally I believe we can expect for growth in Demand and Supply,” said
Richard W. Turner, chief executive officer, Ecolog Development and
Engineering.

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