GulfTalent.com’s fourth annual report on salaries “Gulf Compensation Trends 2008″ has just been released.

The report, which is published every year at this time, is one of the most respected and widely read sources of research on employment and salary trends in the region, used extensively by professionals, employers and policymakers. Key highlights of the report include:

  • Average salaries in the Gulf increased by 11.4% this year, compared to 9.0% last year
  • Sectors enjoying the highest pay rise were construction and banking
  • Job categories having the biggest raise were Engineering and Finance
  • Drivers of pay rise include growing competition for talent, weak US dollar, and rising inflation particularly in rents
  • Average rents in the Gulf increased by 19% this year

 

Gulf Compensation Trends 2008