The thing is, that GF will have to add more than just 3%/year.
This is not like just after 9/11 anymore, when you could pick up pilots on the streets...
The majors in North America and Europe have started hiring again, so many furloughed guys will soon begin heading back + apparently local bahraini guys are starting to leave GF too, some going to Air Arabia, some going elsewhere. In order to make it attractive to stay for anyone, the company should stop comparing flightcrew-salaries and benefits with the rest of Bahrain, and start comparing it to what other carriers in the region offer.
As an expat, being somewhat far away from home, I couldn't care less if my location is called Bahrain, Abu Dhabi or Dubai...but local, homebred fellas leaving: If that ain't a wakeup-call for GF, then I don't know what is?