Bayt.com, the MENA region’s number one job site, held today its “Salary Trends2011” event at the Dubai World Trade Center Convention and Exhibition Center as part of DWTC’s Careers UAE2011 event. The event featured Bayt.com’s top professionals who answered the question “Where do we stand today when it comes to salaries?” revealing informative up-to-date insights on the MENA region’s current salaries.
“Bayt.com has a long tradition of hosting similar employer roundtable events around the region to foster a dialogue about the very latest in pan-regional MENA-wide as well as very local HR trends and developments. At Bayt.com, we are dedicated to the region’s development as much as we are to our job seekers and employers. Participating in such forums allows us to use our expertise to benefit the region’s companies while strengthening its HR resources and knowledge,” said Amer Zureikat, VP Sales, Bayt.com
The event was organized in three parts. The first, Salaries: Are they the only retention factor?, was run by Suha Mardelli, HR Director, Bayt.com and discussed whether salaries are still a key path to employee loyalty in addition to other top employee motivators in the Middle East today including the importance of good working conditions. Next, Amer Zureikat, Sales VP, Bayt.com, discussed the satisfaction of the MENA region’s professionals with their2011 income, competitive packages and raises as per most recent Bayt.com Middle East Salary Research Survey which has just been released. Finally, Muhammed Younas, Product Manager, Bayt.com, gave an informative session on the best Middle Eastern salaries earned today and pay structure comparisons using Bayt.com’s online Salary Calculator tool which is the latest innovative technical product offering from Bayt.com and the first and only comprehensive pan-regional, pan-industrial online Salary benchmarking and analysis tool in the Middle East.
“As the Middle East’s leading online business and recruitment intelligence platform, we welcome the opportunity to network with new and existing employers highlighting how our expertise in the human resources industry and Middle Eastern market in general can best benefit them. We received a very positive response at this event and plan to hold many more,” added Zureikat, Bayt.com.
“As a HR professional, I found Bayt.com’s HR roundtable event to be a beneficial conduit that fosters dialogue and information sharing. This event brought together professional from various industry verticals which enabled professionals like myself to explore and gain a perspective of various disciplines. Such initiatives are very constructive. As it develops and evolves it will contribute in enhancing and elevating the industry and profession in the region”, said Gregory Komarow, Director, Compensation and Benefits, Human Resources, Cleveland Clinic.
“This was a fantastic event. The insights and perspective shared today – will surely help a lot HR professional to rethink their employee retention programmes. The illusion of salaries being a key motivational tool – no longer holds good, today employees are looking for purpose and belonging; a relationship at various levels with an organization. With Bayt.com providing such valuable insights – it surely provides an entirely new perspective on what motivates employee these days and what businesses should do to keep them engaged”, added Mubeena Mohammed, Senior Consultant, Great Place to Work® Institute, UAE.
Speaking on the occasion, Mr. Osama Hamza Al Rahma, General Manager, Al Fardan Exchange, added – “This is surely a pioneering event. This was more than just a networking platform. Bayt.com’s HR roundtable provided the required insights on the latest trends in the industry and also fostered dialogue and discourse among the participants. The bayt.com Salary Trend2011 – will prove to be an effective and handy course corrective measure for better employer, employee engagement”.
The final part of the event featured an Employers Round Table Discussion where guests were invited to ask their questions and give their feedback in the presence and with the support of Bayt.com’s professionals. Bayt.com also highlighted its latest innovations in HR research, tools techniques and technologies including its highly anticipated and widely acclaimed2011 Bayt.com MENA Salary Survey as well as its polls on workplace motivation and employee engagement and satisfaction.
According to Bayt.com’s2011 Middle East Salary Survey conducted by Bayt.com in conjunction with regional research specialists YouGov Siraj, salary satisfaction across the Middle East is looking stable with just3% of residents stating they are highly satisfied with their remuneration,52% saying they are averagely satisfied and45% stating they have low satisfaction. Bayt.com is the largest and most relevant community of professionals interested in the MENA region with over5.5 million registered jobseekers and40,000 employers. Bayt.com has11 regional offices, over200 staff and a10 year track record of successfully matching the region’s top talent with top employment opportunities in every industry and at every career level .