{"id":20947,"date":"2023-09-28T18:23:51","date_gmt":"2023-09-28T12:53:51","guid":{"rendered":"https:\/\/www.founditgulf.com\/career-advice\/?p=20947"},"modified":"2023-11-15T13:41:43","modified_gmt":"2023-11-15T08:11:43","slug":"foundit-insights-tracker-gulf-july-2023","status":"publish","type":"post","link":"https:\/\/www.founditgulf.com\/career-advice\/foundit-insights-tracker-gulf-july-2023\/","title":{"rendered":"July 2023 Hiring Overview: Insights from Foundit Insights Tracker\u00a0"},"content":{"rendered":"\n

Hiring Trends: An Overview<\/strong> <\/h3>\n\n\n\n

July 2023 marked a slight 1% YoY decline in Middle East hiring activity, with flat hiring MoM.  <\/p>\n\n\n\n

Notably, a 5% uptick in hiring over the past six months suggests that employers are on a positive trajectory. <\/p>\n\n\n\n

Country-Specific Data (MoM)<\/strong> <\/h3>\n\n\n\n

Oman <\/strong>leads with a 4% increase in hiring  <\/p>\n\n\n\n

Bahrain <\/strong>follows with a 2% growth <\/p>\n\n\n\n

Kingdom of Saudi Arabia & Kuwait <\/strong>each experienced a 1% MoM growth in hiring <\/p>\n\n\n\n

Egypt <\/strong>stays flat (0%) with a steady, unchanging job market <\/p>\n\n\n\n

Qatar <\/strong>experienced a slight decline, dropping by 2% MoM  <\/p>\n\n\n\n

United Arab Emirates <\/strong>saw a significant decline at 5%, highlighting ongoing difficulties in its job market. <\/p>\n\n\n\n

Function-wise trends <\/strong> <\/h2>\n\n\n\n

Sectors on the Rise<\/strong>  <\/h3>\n\n\n\n

Healthcare saw an outstanding 22% YoY growth<\/strong>, possibly spurred by global health crises. <\/p>\n\n\n\n

Engineering and Production <\/strong>weren’t far behind, with a 9% YoY growth, likely due to increased industrial activities. <\/p>\n\n\n\n

Customer Service roles <\/strong>shifted gears, growing by 3% YoY and even spiking 21% MoM, suggesting a surge in e-commerce or remote service needs. <\/p>\n\n\n\n

Sectors in Decline<\/strong> <\/h3>\n\n\n\n

Software, Hardware & Telecom slid by 18% YoY<\/strong>, hinting at market saturation or outsourcing. <\/p>\n\n\n\n

Sales & Business Development and Legal both shrunk by 7% YoY, reflecting a cautious business climate and perhaps fewer litigation activities. <\/p>\n\n\n\n

Mixed Performers <\/p>\n\n\n\n

HR & Admin roles stayed stable, growing marginally by 1% YoY. <\/p>\n\n\n\n

Finance & Accounts <\/a><\/strong>and Marketing & Communications both saw a modest YoY growth of 2% and 3%, respectively. Hospitality and Travel declined by 2% YoY, whereas Purchase\/Logistics\/Supply Chain roles dipped by a more concerning 8%. <\/p>\n\n\n\n