{"id":20948,"date":"2023-09-28T18:22:19","date_gmt":"2023-09-28T12:52:19","guid":{"rendered":"https:\/\/www.founditgulf.com\/career-advice\/?p=20948"},"modified":"2023-11-15T13:41:30","modified_gmt":"2023-11-15T08:11:30","slug":"foundit-insights-tracker-gulf-aug-2023","status":"publish","type":"post","link":"https:\/\/www.founditgulf.com\/career-advice\/foundit-insights-tracker-gulf-aug-2023\/","title":{"rendered":"August 2023 Hiring Overview: Key Findings from the foundit Insights Tracker\u00a0"},"content":{"rendered":"<h3 class=\"wp-block-heading\"><strong>Hiring Overview&nbsp;<\/strong>&nbsp;<p class=\"wp-block-paragraph\">August 2023 witnessed uneven hiring activity in the Middle East, according to foundit Insights Tracker. The region observed a modest annual decline of 2% in recruitment levels.&nbsp;<\/p><h3 class=\"wp-block-heading\"><strong>Country<\/strong><strong>-Specific Data (MoM)<\/strong>&nbsp;<\/h3><p class=\"wp-block-paragraph\"><strong>Qatar &amp; Egypt:<\/strong> Both registered a 1% MoM dip.&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Saudi Arabia: <\/strong>Experienced a 1% MoM and a striking 15% YoY surge&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Oman: <\/strong>Reported a notable 4% MoM increase&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Bahrain &amp; Kuwait:<\/strong> Showed a 1% MoM decrease and a 1% MoM uptick respectively.&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>UAE:<\/strong> Encountered a 20% YoY downturn, albeit with a 1% MoM increment.&nbsp;<\/p><h3 class=\"wp-block-heading\"><strong>Industry Analysis<\/strong>&nbsp;<\/h3><p class=\"wp-block-paragraph\"><strong>Three out of twelve <\/strong>observed industries displayed YoY growth&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>High-Growth:<\/strong> Oil and Gas (+18%)&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Moderate-Growth:<\/strong> Production\/Manufacturing, Automotive, and Ancillary (+11%), Petrochemicals (+2%)&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Declining Sectors: <\/strong>IT &amp; Telecom\/ISP (-27%), Consumer Goods, FMCG (-15%), Hospitality (-10%)&nbsp;<\/p><iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/e\/2PACX-1vRD-6-hl6KCyoS6ScbTDq8wO4qfZwngwv2ESceYtLYdJX2OtspHvonAI-SU62tuwQ\/embed?start=false&amp;loop=false&amp;delayms=3000\" frameborder=\"0\" width=\"640\" height=\"389\" allowfullscreen=\"true\" mozallowfullscreen=\"true\" webkitallowfullscreen=\"true\"><\/iframe><h3 class=\"wp-block-heading\">&nbsp;<br><strong>Function-wise Trends<\/strong>&nbsp;&nbsp;<\/h3><p class=\"wp-block-paragraph\"><strong>Six out of 11 <\/strong>job categories monitored showed a YoY uptick:&nbsp;&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>High-Demand:<\/strong> <strong><a href=\"https:\/\/www.founditgulf.com\/search\/healthcare-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Healthcare \">Healthcare <\/a><\/strong>(+25%), Engineering and Production (+14%)&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Moderate Growth: <\/strong>Finance &amp; Accounts (+5%)&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Declining Roles: <a href=\"https:\/\/www.founditgulf.com\/search\/software-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Software\">Software<\/a><\/strong>, Hardware &amp; Telecom (-17%), Sales &amp; Business Development (-9%), Legal (-7%)&nbsp;<\/p><h3 class=\"wp-block-heading\"><strong>Countries in Focus: Saudi Arabia &amp; UAE<\/strong>&nbsp;<\/h3><p class=\"wp-block-paragraph\"><strong>Kingdom of Saudi Arabia<\/strong>&nbsp;<\/p><p class=\"wp-block-paragraph\">The Kingdom of Saudi Arabia experienced an impressive +14% YoY growth among all monitored industries.&nbsp;&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>High-Growth Industries: <\/strong>Advertising, MR, PR (+29%)&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Declining Industries: <\/strong>IT and Telecom\/ISP (-45%)&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>United Arab Emirates&nbsp;<\/strong>&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>High-Growth Occupations: <\/strong>Engineering and Production (+33%)&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Lowest Growth: <\/strong>Sales &amp; BD (-34%)&nbsp;<\/p><h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong>&nbsp;<\/h2><p class=\"wp-block-paragraph\">August 2023 has been a mixed bag in terms of hiring trends for the Middle East. While countries like Saudi Arabia and Oman have shown encouraging signs, others like UAE and Qatar face challenges.&nbsp;&nbsp;<\/p><p class=\"wp-block-paragraph\">Industries like Oil and Gas are showing promise, but sectors such as IT and Telecom are struggling.&nbsp;&nbsp;<\/p><p class=\"wp-block-paragraph\">The dynamic trends across countries and sectors indicate an intricate picture, with upskilling becoming increasingly crucial. Stay tuned for more comprehensive data in the coming months to keep a finger on the pulse of the job market.&nbsp;<\/p><div style=\"text-align: center;\">\n<a font-size: 18px;border-radius: 4px;font-weight: bold;\" href=\"https:\/\/media.foundit.in\/career-advice\/wp-content\/uploads\/2023\/10\/fit_Gulf_-Aug23.cleaned.pptx.pdf\" target=\"_blank\" rel=\"noopener\">Download August 2023 fit Report (Gulf) PDF<\/a>\n<\/div><h2 class=\"wp-block-heading\"><strong>About foundit Insights Tracker<\/strong>&nbsp;<\/h2><p class=\"wp-block-paragraph\">The foundit Insights Tracker provides monthly and annual data on hiring trends across multiple sectors and countries in the Middle East. Stay tuned for future updates.&nbsp;<\/p><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Hiring Overview&nbsp;&nbsp;August 2023 witnessed uneven hiring activity in the Middle East, according to foundit Insights Tracker. The region observed a modest annual decline of 2% in recruitment levels.&nbsp;Country-Specific Data (MoM)&nbsp;Qatar &amp; Egypt: Both registered a 1% MoM dip.&nbsp;Saudi Arabia: Experienced a 1% MoM and a striking 15% YoY surge&nbsp;Oman: Reported a notable 4% MoM increase&nbsp;Bahrain &hellip; <a href=\"https:\/\/www.founditgulf.com\/career-advice\/foundit-insights-tracker-gulf-aug-2023\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">August 2023 Hiring Overview: Key Findings from the foundit Insights Tracker\u00a0<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":17264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-20948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights-tracker"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/posts\/20948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/comments?post=20948"}],"version-history":[{"count":6,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/posts\/20948\/revisions"}],"predecessor-version":[{"id":22554,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/posts\/20948\/revisions\/22554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/media\/17264"}],"wp:attachment":[{"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/media?parent=20948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/categories?post=20948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/tags?post=20948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}