Latest Pay Movements and Trends in the GCC Webinar - Feb 2014

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Information about Latest Pay Movements and Trends in the GCC Webinar - Feb 2014
Business & Mgmt

Published on February 19, 2014

Author: TheHRobserver

Source: slideshare.net

Description

This webinar covered the latest pay movement trends in UAE and GCC. Robert showcaseed the current trends on basic salary, allowances (including housing), bonuses and variable pay and incentives, benefits (including school fee limits) as well as benefits payable to “nationals” across the GCC and pay-for-performance updates.

Latest Pay Movement and Trends in the GCC Tuesday 18th February 2014, 7pm – 8pm (UAE) WEBINAR WILL START SHORTLY Ramy Bayyour Robert Mosley

Agenda • • • • • Welcome Housekeeping notes Session starts Q&A End of webinar

About the HR Observer • The HR Observer is an initiative by IIR Middle East aimed at becoming a platform for HR professionals in the Middle East to exchange insights and expertise, both online and offline, in an effort to take the industry forward. • The initiative features a blog, LinkedIn group, Twitter feed, online webinars and a series of offline informal networking functions.

Housekeeping • Un-answered questions will be posted with answers to our blog • Slides will be available on our SlideShare page, link will be emailed to you • Recording of the webinar will be available to download, link will be emailed • Take the time to complete post-webinar survey that will pop up at the end

Today’s Presenter Robert Mosley is one of the leading global experts on compensation and benefits in all sectors across the GCC. He was the head of the Middle East practice with Hay Group in 1988-1990 before joining the Emirates Group to later become the SVP Human Resources. He spent 13 years with Emirates Group, before establishing his own remuneration consulting business, Lemon Pip Consulting, where he is working with over 300 companies in the Middle East and 80 airlines globally.

Pay Trends in UAE Presentation Title: Pay Trends in UAE Presentation Facilitator: Robert Mosley Contact Email: robert@lemon-pip.com Location: Webinar by IIR Presentation Date: 19:00pm (UAE) on Tuesday 18th February 2014

SUPPORTING HR PROCESSES JA JOB DESC OD JOB JE BENCHMARK JE GRADES KRAs KPIs PERSON PERFORMANCE GOALS OBJECTIVES BEHAVIOURS COMPETENCIES $ PAY-REVIEW & BONUS ANNUAL APPRAISAL PAY RANGES & ALLOWs MARKET PAY SURVEYS PAY STRATEG Y

TRENDS IN BASIC SALARY – HEADLINE NUMBERS ?

TRENDS IN BASIC SALARY THE HEADLINE FIGURE FOR UAE: 4.5% to 5.0% But What Does This Mean ? • General Increase and Movement in “Market”? • Merit Increase and Movement Through Range ?

TRENDS IN BASIC SALARY THE HEADLINE FIGURE FOR UAE: 4.5% to 5.0% Is It Stable at All Job Levels and Grades ? • Differentials Are Increasing:  5.0% to 5.5% Senior Management  4.5% to 5.0% Management  4.0% to 4.5% Professional and Supervisory  3.5% to 4.0% Clerical and Manual

TRENDS IN BASIC SALARY THE HEADLINE FIGURE FOR UAE: 4.5% to 5.0% Is It Similar In All Sectors ?  5.5% to 6.0% Oil and FMCG  5.0% to 5.5% Retail and Real Estate  4.5% to 5.0% Banks and Financials  4.2% to 4.7% Transport/Hospitality/Leisure  4.0% to 4.5% Local Conglomerates  3.3% to 3.8% Insurance

TRENDS IN BASIC SALARY – MARKET GENERALISATIONS Upper-Decile (P90): Upper Quartile (P75): Median (P50): Lower Quartile (P25): Lower Decile (P10): Oil and Gas Investment Banking Chemicals and PetroChem Financial Services and Retail Banking Technology and IT Public Sector (GCC) Telecommunications Pharmaceuticals FMCG Media and Marketing Business Services Insurance Retail Engineering Aviation and Airlines Automotive Education (Tertiary) Cargo and Logistics Construction Travel and Tourism Hotels and Hospitality Healthcare and Medical Services Utilities Education (Primary and Secondary) Heavy Manufacturing

TRENDS IN BASIC SALARY: GCC HIGHLIGHTS (from Hay)

TRENDS IN MERIT PAY REVIEWS AND PERFORMANCE Method of Review: 1992: 2013: •Fixed Increments 75% 10% •Partial Fixed and Some Merit 20% 15% •Purely Merit 5% 75%

TRENDS IN PAY ON REACHING THE MAXIMUM Method of Treatment: 1992: 2013 •Maximum-means-Maximum 80% 12% •Allow to go above Maximum •with “Personal differential” 10% 10% •Lump-Sum Merit-Bonus •Instead of Merit-Pay 10% 78%

TRENDS IN ALLOWANCES ALLOWANCES HAVE BARELY CHANGED: Basic Salary is 4.5% to 5.0% Guaranteed Cash is 3.0% to 3.5% Virtually No Movement in Allowances But Do We Need to Discuss Housing …. ? - Coverage is Still Slightly Higher Than 2008 - Movements in Allowances Might Start in 2014

TRENDS IN GUARANTEED CASH OTHER TRENDS: • GAP BETWEEN NATIONALS AND INPATS IS RISING: - Typically 40%-55% Higher on Guaranteed Cash - Often Capped at About AED 8,500 per month • GAP BETWEEN ABU DHABI AND DUBAI IS FALLING: - Now only About 20%-25% on Guaranteed Cash - Mainly Due to Higher Housing Allowances

TRENDS IN BONUSES AND VARIABLE PAY

TRENDS IN BONUSES AND VARIABLE PAY • Current Practice and Prevalence in Middle-East: • 86% of Employers have Appraisal Scheme: • • • • • • • • • • Many Schemes are Non-Differentiators Most Employees Rated Highly Great Resistance to Negative Feedback Often Seen as Administrative Chore 69% of Employers have Recognition Schemes 66% of Employers have Merit Schemes (Salary) 60% of Employers have Bonuses or Incentives 32% of Employers have Profit-Share or Discretion 22% of Employers have Sales-Commission 4% of Employers have Share or Equity Scheme

TRENDS IN EDUCATION SCHOOL FEES • LIMITS ARE NOT KEEPING PACE WITH ACTUALS • REIMBURSEMENT NOW AVERAGES 70%-75% • OFTEN NOW CALLED “SUBSIDY”

GENERAL Q&As • General Discussion • Open Q&A Session

Pay Trends in UAE Presentation Title: Pay Trends in UAE Presentation Facilitator: Robert Mosley Contact Email: robert@lemon-pip.com Location: Webinar by IIR Presentation Date: 19:00pm (UAE) on Tuesday 18th February 2014

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