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May 11, 2009
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Employers hold the cards as candidates flood Middle East events market




Salaries in the local events industry have fallen by up to 20 percent as an increasing number of candidates enter the job market due to the impact of the downturn in the global economy.

 

Rebecca Wilson, director of HR consultancy firm ESP International, which specialises in the events sector, said that the growing number of lay-offs in the events sector had led to increasing competitiveness in the job market, and a shift to an ‘employer’s market’.

 

“If people are made redundant, jobs are being marketed at a salary of 20 percent less,” said Wilson. “Mid-level salaries are dropping by 10 percent and the lower level salaries are staying the same.”

 

Last year, ESP International conducted a salary survey among 300 events industry professionals in the region, which found that 70 percent of participants received a pay rise of seven percent or more - but Wilson said the days of spiralling salary packages are a thing of the past. “People were higher paid here because Dubai was always desperate to get in international talent to secure its place as a hub for the events industry. The fact that salaries have come down now is because events are coming down.”

 

“If you are looking to recruit now is the time,” she added. “There will never be a better time to hire.”

 


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