It’s better than no increase.
As others have mentioned it does acknowledge that yes there is a problem with our salary package Terms and Conditions, hence the early news.
Why all the back slapping and rhetoric in the first couple of paragraphs of the company letter. Read like the opening inaugural speech of a politician accepting office rather than getting to the nuts and bolts.
We remain comitted to the continuous review of our employment terms and renumeration package with the objective of enhancing any employee benifits to be fair and reasonable. As all ways we are keen to ensure that our overall compensation package remains competitive, and in particular we remain cognizant of recent increases in the cost of living in Dubai. Additionally the company during this review has taken into consideration and recognises the significant impact of your commitmant and personal effort to support the operational demands.
I’m more interested in what the Utility Allowance will increase given that Accommodation has been one of the most topical subjects if you do pay rent in Dubai.
The reality to date so far with the company when they “Review” the Utility Allowance….has been one big disappointment year after year and bears no resemblance at all to what the Real World Dubai Rental Prices for a Villa are at present.
What’s the bet they will factor in the Rental Cap?
What needs to be done is to increase the base level for the Utility Allowance to at least bring in line with what it would cost TODAY to rent a 3 bedroom Villa , pay for Water and Electricity and the 5 % Dubai Municipality Tax
Wishful thinking given the humongus increase in Rent 2005/2006 and all we received was a 10 % increase in the Utilities Allowance.
But get real guys these are not recent increases in the cost of living in Dubai