It’s that time of the year when many employees can expect a salary rise and bonus.
On average, salaries in the UAE are expected to rise by 2 per cent to 5 per cent, although this depends on the sector you are working in and your role.
According to a recent survey by jobs portal Bayt.com, 53 per cent of professionals in the UAE expect to receive a salary increase this year.
Employees in banking, financial services, investment management and consulting can expect the highest salary increases and bonuses in 2023, says Trefor Murphy, founder and chief executive of recruitment consultancy Cooper Fitch.
However, employees in other sectors can also expect solid pay rises and benefits such as flexible working, Mr Murphy adds.
Host Felicity Glover is joined by Mr Murphy, who discusses this year’s salary trends in the UAE and shares his advice on the steps you should follow to ask for a pay rise.
Hosted by Felicity Glover
Produced by Arthur Eddyson and Doaa Farid
Listen to last month’s episode on how to boost your finances in 2023:
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Director: Athale
Rating: 4/5
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Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
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