Nearly 90 per cent of UAE employees want to work either in a hybrid or fully remote working model in the future, according to a survey by California-based technology company Cisco.
Offering flexibility to employees is also key for companies to attract and retain talent in a post-Covid-19 working environment, with 61 per cent of UAE professionals saying they would be less likely to look for a new role if given the opportunity to work either remotely or in the office only one or two days a week, Cisco said on Tuesday.
The Cisco Global Hybrid Work study polled 28,000 full-time employees from 27 countries including the UAE, UK, US, India, China, Australia, South Africa and Germany, among others. The research was conducted between January and March 2022. In the UAE, 1,050 employees were surveyed.
“Employees have experienced the benefits of hybrid work firsthand and many have expectations for it to continue,” said Reem Asaad, vice president of Cisco Middle East and Africa.
“While most organisations in the UAE recognise the importance of flexible working, there remain opportunities for further improvement.”
The jobs market in the UAE, the second-largest Arab economy, has made a strong recovery from the coronavirus-induced slowdown, on the back of the government’s fiscal and monetary measures.
Last week, a survey by LinkedIn found that 70 per cent of professionals in the UAE and Saudi Arabia have considered leaving or have left their jobs because of a lack of flexibility. This comes amid a widening disconnect between employers and employees about returning to the office after the Covid-19 pandemic.
Dubbed “flexidus”, the finding comes despite 97 per cent of hiring managers in the UAE and Saudi Arabia saying their companies had improved working policies since the pandemic to offer greater flexibility to employees, the professional services network found.
This resonates with the Cisco research, which found that 83 per cent of companies in the UAE support hybrid work practices, while more than 28 per cent of respondents said their companies were “fully prepared” for a hybrid work future and 43 per cent were “prepared”.
Globally, about 25 per cent of respondents to the Cisco survey said their companies were “very prepared” for hybrid and remote working.
Meanwhile, 60 per cent of those polled in the UAE said their productivity had increased and their quality of work had improved since working remotely, the survey said.
“A successful, future ready hybrid model must, in equal measure, deliver secure connectivity from anywhere, while also maintaining trust, well-being and unity among highly distributed teams,” Ms Asaad said.
Major companies around the world are allowing staff to work in a hybrid or work-from-anywhere environment, including Apple, Facebook owner Meta Platforms and Microsoft.
Last month, Airbnb, the global online marketplace for homestays, said it will allow its employees to work from anywhere permanently, in a bid to further improve flexibility.
Even Kristalina Georgieva, managing director of the International Monetary Fund, told The National earlier this year that “we have to move to a hybrid [working] model”.
While UAE companies have taken positive steps to help their employees adapt to hybrid work, 70 per cent of respondents to the Cisco survey said their company needed to rethink its culture and mindset for it to be truly inclusive.
However, employees who were able to work remotely reported that it made them happier and more motivated in their jobs, Cisco said.
Globally, hybrid work is the most preferred model across all ages, with about 70 per cent of Generation Z, millennials, Generation X and Baby Boomers all preferring the flexibility it offered. Those who want a fully remote set-up are a distant second at about 20 per cent.
The UAE is also among the countries where employees are least in favour of fully remote work, with 9.7 per cent agreeing that this was their preferred way of working. Only 9.5 per cent of respondents in the Netherlands want to work fully remote, while in China it is 10 per cent.
Employees in the Philippines were most in favour of full-time remote work at almost 38 per cent, followed by Canada on 35 per cent and South Africa at 33.5 per cent.
Meanwhile, the survey found that more 76.3 per cent of people globally had been able to save money over the past year thanks to hybrid work, with average savings totalling $153.54 per week, or $8,000 a year.
Savings accounted for a 14.5 per cent increase in disposable income on average, with 80 per cent seeing an increase in their disposable income of at least 5 per cent, it added.
“A good proportion of the savings have come because of reduced expenditure on key items,” Cisco said.
“A sizeable 86.6 per cent ranked savings on fuel and/or commuting among their top three areas for savings, followed by decreasing spending on food and entertainment at 74 per cent.”
What is graphene?
Graphene is a single layer of carbon atoms arranged like honeycomb.
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.
At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.
It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.
But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties.
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GROUPS
Group Gustavo Kuerten
Novak Djokovic (x1)
Alexander Zverev (x3)
Marin Cilic (x5)
John Isner (x8)
Group Lleyton Hewitt
Roger Federer (x2)
Kevin Anderson (x4)
Dominic Thiem (x6)
Kei Nishikori (x7)
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Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
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The specs
Engine: 6.2-litre V8
Transmission: seven-speed auto
Power: 420 bhp
Torque: 624Nm
Price: from Dh293,200
On sale: now
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Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Company%20profile
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RESULTS
6.30pm: Handicap (rated 95-108) US$125,000 2000m (Dirt).
Winner: Don’t Give Up, Gerald Mosse (jockey), Saeed bin Suroor (trainer).
7.05pm: Handicap (95 ) $160,000 2810m (Turf).
Winner: Los Barbados, Adrie de Vries, Fawzi Nass.
7.40pm: Handicap (80-89) $60,000 1600m (D).
Winner: Claim The Roses, Mickael Barzalona, Salem bin Ghadayer.
8.15pm: UAE 2000 Guineas Trial (Div-1) Conditions $100,000 1,400m (D)
Winner: Gold Town, William Buick, Charlie Appleby.
8.50pm: Cape Verdi Group 2 $200,000 1600m (T).
Winner: Promising Run, Patrick Cosgrave, Saeed bin Suroor.
9.25pm: UAE 2000 Guineas Conditions $100,000 1,400m (D).
Winner: El Chapo, Luke Morris, Fawzi Nass.
UAE v Ireland
1st ODI, UAE win by 6 wickets
2nd ODI, January 12
3rd ODI, January 14
4th ODI, January 16
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
MATCH INFO
Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)
