About seven in 10 (68 per cent) white-collar professionals in the UAE are active job seekers either looking for a new role or planning to do so in the next six months, a survey has revealed.
A further 27 per cent are on the fence about looking for a job but are waiting for the economy to improve or for the right opportunity to arise, according to recruiter PageGroup, the parent company of recruitment consultancy Michael Page.
Even new employees in the UAE are equally likely to be open to new opportunities as their more tenured counterparts, with more than half of those who started their job as recently as 2022 considered “active job seekers”, the survey revealed.
The company polled 70,000 working adults around the world and 625 respondents in the UAE between November 28 and January 17.
“The trends in the UAE mirror the sentiment of the global talent market – every region has seen a transformative change across all age groups, markets and industries,” said Nicholas Kirk, chief executive of PageGroup.
“It is clear there has been a universal reset of people’s relationships with their jobs. Work-life balance, a competitive salary and strong career progression prospects have become non-negotiable, and professionals are willing to leave their current roles to secure these elsewhere.
“These are not fleeting trends or reactionary responses to a period of turbulence. Rather, they are reshaping the workplace in a way that will subtly yet fundamentally change the way businesses attract and retain their talent.”
The UAE jobs market has made a strong recovery from the coronavirus-induced slowdown, boosted by the government’s fiscal and monetary measures.
In October, a study by jobs portal Bayt.com and market research agency YouGov found that 86 per cent of working professionals in the UAE had a positive career outlook for 2023.
Slightly more than half of all working professionals in the UAE (51 per cent) believe that a basic salary is the top factor that drives employee loyalty, a separate survey by Bayt.com and YouGov found in May.
This was followed by 39 per cent who said additional benefits offered by a company were more important for employee loyalty while 31 per cent picked an employee’s job fit, according to the survey’s findings.
Nearly half of all UAE respondents (49 per cent) ranked work-life balance as the most important part of a job, with 32 per cent willing to reject a promotion if they believe it will have a negative effect on their well-being, the PageGroup survey found.
Work-life balance is important to everyone, with 48 per cent of employees with children and 52 per cent of those without children also vouching for it, the findings showed.
Flexibility is the new basic alongside pay and career progress, the PageGroup said.
While more than half (54 per cent) of employees in the UAE are in full-time office roles, 11 per cent have fully remote jobs and 35 per cent are in hybrid roles.
The proliferation of hybrid roles makes it easier for people to look for jobs – and contacted by recruiters – while working from home, the PageGroup said.
Eight in ten UAE employees (80 per cent) said they were satisfied with their current workloads while 51 per cent were satisfied with their salaries and 50 per cent felt content in their roles, the survey revealed.
This shows that employees can be broadly happy in a role but still have one eye on their next move.
“Seismic shifts in employee attitudes and motivations have created a new talent landscape – no age group, country, or industry is unaffected. There’s no going back to the way things were pre-pandemic; the change we see today is here to stay,” said Pierre-Emmanuel Dupil, senior managing director for the Middle East and Africa at Michael Page.
“Job loyalty is now the exception, not the rule. Even generally happy employees are open to moving on to a better opportunity. The relentless resignation cycle will not be slowing down – change is the new status quo.”
Western Clubs Champions League:
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Company Profile
Company name: NutriCal
Started: 2019
Founder: Soniya Ashar
Based: Dubai
Industry: Food Technology
Initial investment: Self-funded undisclosed amount
Future plan: Looking to raise fresh capital and expand in Saudi Arabia
Total Clients: Over 50
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The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
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The specs
Engine: 2.5-litre, turbocharged 5-cylinder
Transmission: seven-speed auto
Power: 400hp
Torque: 500Nm
Price: Dh300,000 (estimate)
On sale: 2022
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Specs
Engine: 3.0L twin-turbo V6
Gearbox: 10-speed automatic
Power: 405hp at 5,500rpm
Torque: 562Nm at 3,000rpm
Fuel economy, combined: 11.2L/100km
Price: From Dh292,845 (Reserve); from Dh320,145 (Presidential)
On sale: Now
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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About Okadoc
Date started: Okadoc, 2018
Founder/CEO: Fodhil Benturquia
Based: Dubai, UAE
Sector: Healthcare
Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth
Funding stage: Series B fundraising round to conclude in February
Investors: Undisclosed