Home > Australasia > Wallis and Futuna
Related topics: Wallis and Futuna,Business, Sub-Saharan Africa
May 11, 2009

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.”


What do you think of this $type?





   IT&CM China  Caribbean Meeting Incentive Travel Exchange      Gulf Incentive, Business Travel & Meetings Exhibition EIBTM IBTM IMEX America  IT&CMA IT&CM China IT&CM India Conventa BTC convene  cventMBTMMA 2013 COCAL 

GLOBAL AGENCY PARTNERS                                                                                           OFFICIAL TRADE SHOW PARTNER FOR THE UK MEETINGS MARKET 

MCI Ovation Euromic