The survey aims to gauge employee satisfaction with their current salaries and the varying components that contribute to it, as well as explore the drivers of loyalty towards employers and the significance of salary in career satisfaction and general wellbeing.
Salaries and Benefits
In terms of salary,32% of Kuwait respondents state that their current salary package consists of basic salary and benefits, while52% state it consists of the basic salary only.15% said they receive a basic salary as well as a commission and benefits.
When it came to the preferred pay structure, more than half of all respondents (59%) prefer a100% fixed pay structure while only3 in10 prefer a partially fixed-pay structure with a variable pay for commissions and incentives.
Among the various benefits employees in Kuwait receive, personal medical insurance (31%), bonus (23%), housing allowance (20%), transportation allowance (17%) and annual air ticket (17%) are the most common.59% of respondents receive end of service gratuity.
Drivers of Loyalty
Interestingly,35% say that their loyalty to their company is not linked to the salary they receive. Yet,33% regard their loyalty linked to the salary in a large to full extent.
Apart from salary, the nature of daily responsibilities (37%), the line manager (33%), fun office environment (30%) and the colleagues (30%) also drive loyalty.
Ola Haddad, Director of Human Resources at Bayt.com said: “Our annual Salary Survey helps uncover extremely valuable insights for employers and employees alike. We have thousands of jobs available on Bayt.com on any given day, and with the knowledge gained from this survey and others like it, we are able to help facilitate the best matches between candidates and recruiters while making the process of finding jobs and filling vacancies smoother.”
Finances and Expenses
67% of respondents still manage to save a portion of their monthly income,53% remit up to50% of their savings to their home country, and23% make regular financial investments.
In terms of quality of life, more than6 in10 claim to be better off or about the same as other people of a similar generation in their country of residence. When asked about their career plans in the next twelve months, nearly half of the respondents (49%) stated that they will look for a better job in the same industry, and34% said they plan to look for a better job in a different industry.
Respondent Profile
Among those surveyed,42% have been working in their current industry for up to six years, with29% having worked in their industry for more than10 years. When it came to specific employers, more than7 in10 respondents have been working with their current employer for six years or less, with37% have been working for their employer for less than three years.
In their current role,33% of Kuwait professionals claim to be ‘midway in terms of seniority’ when asked about the level they have reached in their career path, with another31% claiming they are ‘fairly senior level but not at the top yet’,20% report being in the ‘early days of their career’, and16% being at the ‘most senior level’ they can achieve.
While about half of Kuwait respondents (47%) have up to10 people report directly and indirectly to them,25% have11 or more people reporting to them.
“Salaries are repeatedly one of the most important research topics for the MENA region,” said Zafar Shah, Research Director, Data Services at YouGov. “With the information we cover in our annual Salary Survey, we are able to gauge employee’s current income structure and levels, perception towards their cost of living and expense allocation. This provides many insights to employers and key decision makers on many elements relating to the job market, the economy, and the quality of life.”
Data for the2020 Middle East and North Africa Salary survey was collected online from8th March to18th May,2020. Results are based on a sample of3,497 respondents from the following countries: UAE, KSA, Kuwait, Oman, Bahrain, Lebanon, Jordan, Iraq, Palestine, Syria, Egypt, Morocco, Algeria, Tunisia, Libya, Sudan, and Pakistan.