03 March 2008 - Business 24/7
"UAE workers are the least satisfied with their salaries compared to their peers in the other GCC countries, a study has revealed.
Growing inflation was found to have pushed the increase in cost of living out of proportion to the pay rises in the UAE and the GCC as a whole during 2007, according to the Regional Human Resource Overview report.
In the UAE, the average cost of living grew by 37 per cent compared to a 17 per cent rise in overall salary levels. This was only beaten by Qatar, where living costs increased by 38 per cent as opposed to a 16 per cent growth in pay. Average salaries rose in the 12 to 17 per cent range for the GCC while average cost of living increases registered in the range of 27 to 38 per cent."
Full article at
http://www.business24-7.ae/cs/articl...eadlineID=3207
Do you think we will get a 27 to 38 percent payrise this year?
That would simply put us back where we were last year anyway.