GCC jobs: the best workplaces for millennials in 2022

Dubai-based furniture chain The One has been named the best workplace for millennials in the GCC in 2022, as companies in the region continue to focus on employee well-being, work-life balance and learning opportunities in the post-pandemic era, a survey by management consultancy Great Place to Work showed.

Dubai Police Academy, financial services provider Century Financial, international fast-food chain McDonald's and Hady Express Exchange round out the top five best companies for millennials — those born between 1981 and 1996 — to work, said the survey, which was released on Tuesday.

“The organisations that made it to the list have proven that employee well-being does not need to be compromised in order to achieve growth, in fact, both go hand-in-hand,” the survey said.

Top 15 companies to work for in the UAE, according to LinkedIn — in pictures

“Maintaining employee well-being in a post-pandemic era is not plain sailing; hence these organisations exerted tremendous efforts.”

The annual survey, which polled millennial employees on a range of topics, included companies in sectors such as retail, social services, government agencies, transport, finance and media.

Since the Covid-19 pandemic began in 2020, employees and job candidates have been increasingly requesting to work from home at least two days a week in addition to asking for flexible hours and training opportunities, recruitment company Robert Half said in its 2022 salary guide.

Last week, a survey by global consultancy PwC found that professionals in the Middle East are prioritising opportunities to improve their skills as well as seeking transparency, flexibility and well-being in the workplace.

However, the region’s millennials are the most likely age group to request both pay rises and promotions — or leave to seek a new employer that meets their requests, PwC said.

“With 30 per cent of respondents in the Middle East very likely to look for a new job within the next year, versus 19 per cent globally, factors such as flexible working, trust and transparency, well-being and promoting a culture of openness are increasingly integral to the war for talent,” the consultancy added.

Meanwhile, GCC companies that ranked in the top 30 Great Place to Work survey focused on creative ways to connect with employees to build a “solid foundation of trust” and sense of belonging, as well as providing staff with learning opportunities.

“The stability that was granted to [employees] throughout the year provided them with the chance to get inspired and grow mentally and physically while seeking to uphold the success of their work-life balance,” the survey said.

Consistent communication and recognising millennial employees when they least expect it are also key to boosting workplace morale, it added.

Some companies in the top 30 list also provided a more sustainable environment that allowed employees to prosper.

“Despite the challenges we have faced during the pandemic, we are proud to witness even more continuous growth in employee culture awareness among leaders in the UAE and the Middle East in general,” said Ibrahim Mougharbel, managing director for the UAE, Qatar, Oman and Kuwait at Great Place to Work Middle East.

“Our best workplaces for this year have persevered through the time of unprecedented upheaval and have continued to persevere post-pandemic and we are here to celebrate them.”

Top 30 workplaces for millennials in the GCC in 2022

The One
Dubai Police Academy
Century Financial
McDonald's
Hady Express Exchange
Pizza Express
Eva Interiors
Ajman Police
Full Circle
RICC McDonald's
OYO
Ashjan Najd
Charterhouse
Metropolitan Group
Privilee
Cisco
Coberg Technologies
DHL Express
Global Food Industries
Five Hotels
Leminar Group
AlKhabeer Capital
Tajalla Creative Agency
International Beverage and Filling Industries
Ras Al Khaimah Tourism Development Agency
Lucidya
PetroGas Piping
Eaton Business School
Deriv
International Islamic Trade Finance Co-operation

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UAE salary guide 2022 — in pictures

RACECARD

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Key developments

Singapore summit: Trump and Kim launch charm offensive as meetings begin
Donald Trump and Kim Jong-un shake hands ahead of one-on-one discussion
US and North Korean teams sit down for bilateral summit
Kim: “I believe this is a good prelude for peace."
Trump: “We will solve it, we will be successful.”

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While you're here

Bryant Harris: What Joe Biden did during his first week as US President

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Kareem Shaheen: Canada is failing those who bear its greatest Covid-19 burdens

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

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SPEC SHEET

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Processor: 4nm Snapdragon 8 Gen 1/Exynos 2200, 8-core

Memory: 8/12GB RAM

Storage: 128/256/512GB/1TB

Platform: Android 12

Main camera: quad 12MP ultra-wide f/2.2, 108MP wide f/1.8, 10MP telephoto f/4.9, 10MP telephoto 2.4; Space Zoom up to 100x, auto HDR, expert RAW

Video: 8K@24fps, 4K@60fps, full-HD@60fps, HD@30fps, super slo-mo@960fps

Front camera: 40MP f/2.2

Battery: 5000mAh, fast wireless charging 2.0 Wireless PowerShare

Connectivity: 5G, Wi-Fi, Bluetooth 5.2, NFC

I/O: USB-C

SIM: single nano, or nano and SIM, nano and nano, eSIM/nano and nano

Colours: burgundy, green, phantom black, phantom white, graphite, sky blue, red

Price: Dh4,699 for 128GB, Dh5,099 for 256GB, Dh5,499 for 512GB; 1TB unavailable in the UAE

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From exhibitions to the battlefield

In 2016, the Shaded Dome was awarded with the 'De Vernufteling' people's choice award, an annual prize by the Dutch Association of Consulting Engineers and the Royal Netherlands Society of Engineers for the most innovative project by a Dutch engineering firm.

It was assigned by the Dutch Ministry of Defence to modify the Shaded Dome to make it suitable for ballistic protection. Royal HaskoningDHV, one of the companies which designed the dome, is an independent international engineering and project management consultancy, leading the way in sustainable development and innovation.

It is driving positive change through innovation and technology, helping use resources more efficiently.

It aims to minimise the impact on the environment by leading by example in its projects in sustainable development and innovation, to become part of the solution to a more sustainable society now and into the future.

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.

Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

India team for Sri Lanka series

Test squad: Rohit Sharma (captain), Priyank Panchal, Mayank Agarwal, Virat Kohli, Shreyas Iyer, Hanuma Vihari, Shubhman Gill, Rishabh Pant (wk), KS Bharath (wk), Ravindra Jadeja, Jayant Yadav, Ravichandran Ashwin, Kuldeep Yadav, Sourabh Kumar, Mohammed Siraj, Umesh Yadav, Mohammed Shami, Jasprit Bumrah.

T20 squad: Rohit Sharma (captain), Ruturaj Gaikwad, Shreyas Iyer, Surya Kumar Yadav, Sanju Samson, Ishan Kishan (wk), Venkatesh Iyer, Deepak Chahar, Deepak Hooda, Ravindra Jadeja, Yuzvendra Chahal, Ravi Bishnoi, Kuldeep Yadav, Mohammed Siraj, Bhuvneshwar Kumar, Harshal Patel, Jasprit Bumrah, Avesh Khan