Salary boost for Gulf-based expats
Expats living in the Gulf States are expected to receive substantial salary increases over the coming 18 months.
According to research from human resources consultancy Aon Hewlett, Expat salaries across the Gulf States are expected to rise by nearly 5 per cent by the end of 2015 – an improvement on this year’s average 4.6 per cent pay increase.
Foreigners living in Saudi Arabia and Oman could fare the best of the Gulf-based expats, with salaries in those two countries expected to increase by as much as 5.4 per cent. On the flip side of the coin, those living in Bahrain are expected to receive the smallest salary rises, at a still not insignificant 4.5 per cent.
Salaries across the UAE, one of the region’s most popular destinations for British expats, are predicted to rise by 4.8 per cent in 2015, down slightly compared to the figures forecast for 2014
The results from Aon Hewlett’s research were in line with a salary survey conducted by Gulf Business earlier this year, which was compiled using inputs from four regional recruitment companies including Nadia, BAC Middle East, Adecco Middle East and Charterhouse.For more information on how to leverage your currency exposure to counter unnecessary risk, contact one of our Forex consultants at Halo Financial for more information at www.halofinancial.com/BEOct14