SAUDI ARABIA’S JOB MARKET BOOMING WITH OPPORTUNITIES

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Optimism is at an all-time high in Saudi Arabia with 79% of employers feeling positive about the outlook for business this year and the majority planning to increase headcount in the next 12 months. That’s according to Hays Saudi Arabia Salary Guide 2022, released today by the recruiting experts. 

Findings from the report show a record 80% of employers intend to increase their workforce numbers in 2022, up on 43% who did so in 2021 and 29% in 2020.

“Two years on from the pandemic, the job market in Saudi Arabia has certainly bounced back,” says Aaron Fletcher, Business Manager at Hays Saudi Arabia.  

“New and ongoing initiatives surrounding Vision 2030 and the PIF mega projects are driving growing opportunities in the job market, as well as multiple start-ups and MNCs establishing headquarters in region. 

As an emerging economy, many companies are entering the market now to secure their place and establish a market share ahead of the anticipated boom. As a result, we are seeing opportunities pick up across all sectors,” Fletcher adds. 

In-demand

“Generally speaking, candidates most in-demand in Saudi Arabia include those with industry qualifications, years of like-for-like experience in both local and international markets, and strong commercial skills for making informed business decisions. As such, we have seen demand to be highest for senior-level professionals, who are equipped with the relevant years of experience and who have the leadership capabilities to drive commercial success and deliver projects on budget and to time. 

Job roles most in-demand include Business Development Directors, who can contribute to the organisations bottom line from day one of being in role; Digital Transformation specialists, who have the skills and expertise to implement streamlined, automated business processes; Design and Pre Construction professionals, owing to the launching and ongoing developments of so many construction and real estate projects; Senior Legal professionals, with demand coming largely from mega projects where there are a significant number of business transactions taking place; and Talent acquisition specialists, since the hiring of talent across all sectors is in a phase of growth,” adds Fletcher.

When it comes to skill availability, ‘Technology’ and’ Managerial / Leadership’ skills were the two areas employers said they expected to face the greatest shortage of candidates in 2022, and perhaps it is not surprising then that salaries listed for these roles are relatively high versus others detailed in the report. 

“Competition amongst employers for the most highly skilled professionals is fierce and salary, of course,  is a big factor when looking to attract the top talent. That being said, flexible working options, career development opportunities and efficient onboarding processes all have significant impacts on talent attraction and must be considered by employers.” concludes Fletcher.

About Hays Saudi Arabia Salary Guide 2022:

Based on survey findings from over 800 employers and employees located in Saudi Arabia, this third annual report explores trends surrounding salaries, employment and benefits packages, as well as workforce turnover in the Kingdom. It also includes average salaries for more than 150 of the most in-demand job roles in region. 

About Hays:

Hays plc (the “Group”) is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Australia and one of the market leaders in Continental Europe, Latin America and Asia. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 31 December 2021 the Group employed c.12,100 staff operating from 254 offices in 33 countries across 20 specialisms. For the year ended 30 June 2021:

– the Group reported net fees of £918.1 million and operating profit of £95.1 million;

– the Group placed around 60,000 candidates into permanent jobs and around 220,000 people into temporary roles;

– 17% of Group net fees were generated in Australia & New Zealand, 27% in Germany, 22% in United Kingdom & Ireland and 34% in Rest of World (RoW);

– the temporary placement business represented 61% of net fees and the permanent placement business represented 39% of net fees;

– Technology is the Group’s largest specialism, with 26% of net fees, while Accountancy & Finance (14%) and Construction & Property (12%), are the next largest

– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, the Czech Republic, Denmark, France, Germany, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Romania, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA