Challenges in Gulf Real Estate Recruitment
It has been remarked time and again that the Gulf real estate sector is booming. Indeed it is but experts have unearthed a fact that will have impact on real estate recruitment in the region. One of the major real estate recruitment agencies in the region based in Dubai, Macdonald & Company has undertaken a study of real estate workers in the Middle East. The wages of real estate industry workers in the Gulf region have huge disparities. For doing the same job, real estate workers are being paid salaries that are poles apart from each other. In October this year, the real estate agency will carry out a survey on the Gulf real estate workers’ salary. A final analysis of the same will be published at Cityscape Dubai.
The real estate recruitment nightmare in the region is the outcome of overpayment by some real estate companies and a gross underpayment by others. The Gulf has recently emerged on the global platform in terms of its investment sector. A major part of the credit goes to the real estate market in the Middle East, particularly in Dubai. At the same time when it comes to employment rules, there are very few real estate ventures that have a consistent salary structure for its workers. As compared to real estate industries elsewhere in the world, this is alarming as a real estate worker in the Middle East wouldn’t know his economic position with respect to his growing professional experience. In this context, the real estate salary survey by Macdonald & Company will be a positive factor in standardizing the current state of affairs.
At present, the Middle East real estate sector is facing difficulties in the recruitment of manpower. The situation is more so grave in Saudi Arabia and Kuwait. The said real estate survey will be useful for the employee as well as the employer. It will facilitate them to have a clear cut idea of their respective career graphs. In addition to this, upon having a uniform payment structure for its workers, real estate companies in the Middle East will be able to attract a lot more talent. Moreover, real estate corporate houses in less popular regions will need to pay more to their workers. Once this happens, potential workers in the Gulf real estate market will look upon employment opportunities in this area as a profitable prospect.
Real estate ventures must take into account the gradually mounting cost of living in the Middle East. Worker salaries, particularly in the real estate industry, need to rise at a proportional rate with respect to the cost of living. Whereas some real estate sector employers do share a part of the company profit with their workers, a vast majority do not.
If one looks at it from a candidate’s point of view, there are a number of things that matter. In addition to roles and responsibilities, money is an important factor in real estate recruitment industry.
The real estate recruitment nightmare in the region is the outcome of overpayment by some real estate companies and a gross underpayment by others. The Gulf has recently emerged on the global platform in terms of its investment sector. A major part of the credit goes to the real estate market in the Middle East, particularly in Dubai. At the same time when it comes to employment rules, there are very few real estate ventures that have a consistent salary structure for its workers. As compared to real estate industries elsewhere in the world, this is alarming as a real estate worker in the Middle East wouldn’t know his economic position with respect to his growing professional experience. In this context, the real estate salary survey by Macdonald & Company will be a positive factor in standardizing the current state of affairs.
At present, the Middle East real estate sector is facing difficulties in the recruitment of manpower. The situation is more so grave in Saudi Arabia and Kuwait. The said real estate survey will be useful for the employee as well as the employer. It will facilitate them to have a clear cut idea of their respective career graphs. In addition to this, upon having a uniform payment structure for its workers, real estate companies in the Middle East will be able to attract a lot more talent. Moreover, real estate corporate houses in less popular regions will need to pay more to their workers. Once this happens, potential workers in the Gulf real estate market will look upon employment opportunities in this area as a profitable prospect.
Real estate ventures must take into account the gradually mounting cost of living in the Middle East. Worker salaries, particularly in the real estate industry, need to rise at a proportional rate with respect to the cost of living. Whereas some real estate sector employers do share a part of the company profit with their workers, a vast majority do not.
If one looks at it from a candidate’s point of view, there are a number of things that matter. In addition to roles and responsibilities, money is an important factor in real estate recruitment industry.
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