Dubai PR Network, Online Press Release from Dubai and Middle East
 
Recruitment & Jobs(Others)
Filter PR by
  
Tax professionals are in high demand as the UAE gears up for VAT in 2018
 

Early 2016 saw a drop in hiring in the UAE. Did it pick up later in the year, and what are your predictions for 2017?

Unfortunately, this trend continued throughout 2016. The number of new jobs available in Q2 of 2016 fell by 9 percent compared to same period in 2015. Q3 wasn’t much better, with a drop of 8 percent year-on-year. However, we did see a rise in the number of contract and consultancy roles being offered in 2016, as some organisations were unable to offer full-time permanent positions due to tightening of budgets.

The oil and gas sector was obviously hardest hit in 2016, but with the recent oil deal agreement between Opec and non-Opec members to reduce output, there is cause for optimism in 2017.

What other key trends did the report highlight that have had an impact on the local job market?

Another important trend with a negative effect on hiring was the decision taken by some of the larger banking and financial institutions to impose recruitment freezes during the first half of the year. Hiring was limited to replacement of key personnel at the senior level as opposed to adding headcount or growing internal teams. Interestingly, it was more often the smaller financial services firms entering the DIFC, and the newly created Adu Dhabi Global Market (ADGM), where hiring activity was more prevalent.

Which sectors performed best in 2016 and which sectors are doing the most hiring now?

The accounting and finance space enjoyed a more memorable 2016, with tax professionals in high demand – especially among the big four (Deloitte, PwC, EY and KPMG) – as the UAE gears up for the introduction of VAT in 2018.

Technology was another sector that experienced growth in 2016. Consultants within the sectors of cyber risk, cloud and data analytics were most sought after. Government entities continued to recruit in 2016, with Emiratisation being a top priority.

With such a large pool of talent to choose from, what are the essential questions an interviewer should always ask, and how deep should you dig?

It’s important to test candidates on their technical acumen for any given role, to see if they can actually perform the responsibilities of the job. But equally important is to understand a jobseeker’s personality and get a feel for their softer skills, as organisations are now placing more emphasis on cultural fit.

Understanding a candidate’s motives for wanting the job is important too. What is lacking in their current role that makes them consider a move? What are the candidate’s career interests, and what is it about a particular role that made them want to apply?

It’s important to dig as deep as is necessary to ensure that the candidate is the right fit for the role, without being overly intrusive. But that does include asking them why they have left their previous role and what salary they are expecting compared to their current earnings.

Posted by : Dubai PR Network Editorial Team
Viewed 4374 times
PR Category : Others
Posted on : Tuesday, January 17, 2017  12:50:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Pearson and Nesta announce research initiative designed to p...
Next Story : Careers Festival Day at Emirates Institute for Banking and F...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Introducing Parfums De La Bastide, an Artisanal Maison de Parfum inspired by Provence. [15439-Views]
Grand Optics Exclusive: MARNI eyewear collection [13658-Views]
Gold Collagen® to Launch in Dubai, May 2017 [11017-Views]
Revolutionary Mineral Based Skincare Brand Launches into the UAE [10181-Views]
Azraq, the world's first refugee camp powered by renewable energy [10065-Views]
LG showcases a future of multiple savings with trendsetting smart homes [9388-Views]
Aab Modest Wear Launches in the UAE [9113-Views]
Kiko Milano Launches Tropic Heat - A Collection Full of Energy, Colour and Vibrancy [8876-Views]
Lexus Unveils All-New LC luxury Coupe to Open a New Chapter in Brand History [8558-Views]
Brand New Flagship ZIPPY store Opens in Dubai Mall Today [7375-Views]
Wella Koleston: Get ready for an Eid celebration that shimmers bright with color! [7137-Views]
Travel in style with these summer essentials from ban.do, Ted Baker, Tatty Devine & Happy ... [6984-Views]
MICHAEL KORS Mens' Accessories [6936-Views]
Esposa Privé's Ramadan Collection Lands in Dubai & Abu Dhabi [6899-Views]
Perfecting the Journey with TUMI 19 Degree Global Campaign [6856-Views]
Stunning New Collections from Jaguar and Land Rover [6777-Views]
Celebrate the Warmth of Ramadan With Graceful Shades from Baume & Mercier [6490-Views]
Exotic Perfume Worth Over AED 608,000 a Bottle Draws Fragrance Buffs at Beautyworld Middle... [6436-Views]
EUROSTAR Group expands its beauty and personal care product portfolio [6314-Views]
LG Electronics Announces Google Home Compatible Appliances [6228-Views]
Sony Mobile Xperia XZ Premium available for pre-order online and in stores in UAE [6039-Views]
Siemens partners with SACGC to boost industrial technology skills in Kuwait [5941-Views]
Bubble 42 Juliette Jourdain - The Girl with the Pearl Bubble [5929-Views]
Carl F. Bucherer Manero PowerReserve [5764-Views]
Dubai Chamber announces winners of Dubai Smartpreneur Competition [5746-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories