Taxi jobs shunned in favour of 'family pride'



SHARJAH // When Salah Ahmed wandered through the stalls at the National Career Exhibition last week, he did not linger at the booth promoting the Sharjah Public Transport Corporation (SPTC).

Although the job offers higher than usual salaries, UAE nationals in the Northern Emirates would rather work as fishermen than get behind the wheel of a taxi cab.

"There are some categories of work one avoids for the sake of family pride - not to be seen by relatives and friends as stooping low," said Mr Ahmed. "Most taxi drivers doing it here would not do the job in their home country."

Mr Ahmed was one of hundreds of Emiratis distributing CVs to would-be employers at the Sharjah event, and most shared his views.

Ibrahim Al Suwaidi, 23, an Emirati job seeker, said he would have a hard time finding an Emirati bride if he worked as a taxi driver.

These views are a blow to bosses at SPTC, who have been struggling to attract Emiratis as part the company's Emiratisation plan.

After eight years, they do not employ a single Emirati driver.

"We have put advertisements in newspapers and even offered bigger salaries but still no one is turning up for this work," said Mohammed Al Suwaidi, the director of human resources at SPTC.

Yet Emiratis will willingly and regularly risk their lives to work as fishermen.

Ahmed Al Mur, a fisherman in Kalba, said working at sea was a family tradition that he was proud to continue.

"Maybe I would drive a taxi if I owned one, like the old sharing taxis," he said. "I don't think I would really go to a company to take their taxi and start working for very small money they call commission."

Sami Al Hillal, an Emirati fisherman in Umm Al Quwain, said he could not compare his job with that of a driver.

"I have my own boat and do my work privately. I also often hire someone to come with me for fishing. It is a business and not like someone employed by some company," he said.

SPTC took part in the three-day Career Exhibition in the hopes of filling administration positions and driving jobs.

Mr Al Suwaidi said the Emiratisation process had been a success when it came to filling administrative roles, with about 86 per cent of the corporation's office staff being UAE nationals.

"We are trying our best," he said. "We are talking to job seekers to tell them that this is also a good career path, but you cannot dictate results."

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Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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