Dubai, UAE,26 May2019: A research study conducted amongst professionals in Lebanon by Bayt.com in partnership with YouGov, revealed a variety of insights on employees’ perceptions of salaries and benefits. Almost half (46%) of employees expect to receive a raise in2019, with14% expecting a raise of up to10%.
The survey, administered by Bayt.com, the Middle East’s #1 job site, and YouGov, a global pioneer in online market research, 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.
“Salary is an integral part of an employee’s reward and the Bayt.com Middle East and North Africa Salary Survey2019 aims to define major factors driving the salary expectations and how they are evolving,” said Omar Tahboub, General Manager of Bayt.com. “We make this data available to our36 million members and our40,000 employers to ensure everyone is empowered with the right pieces of information to help them make educated career decisions.”
Salaries, Benefits, and Raises
In terms of salary,33% of Lebanon respondents claim that their current salary package consists of basic salary with benefits, while49% claim that it consists of basic salary only, and14% said they receive a basic salary as well as a commission and benefits.
When it came to the preferred pay structure,65% of respondents said they prefer a ‘100% fixed pay structure’,27% said they prefer a ‘partially-fixed pay structure with a variable pay for commissions and incentives, while8% prefer a ‘100% variable pay structure.
Among the various benefits employees receive, personal medical insurance (22%), transportation allowance (33%), bonus (22%) and family medical insurance (10%) are found to be the top benefits in Lebanon.
In addition,46% of respondents expect to receive a raise in2019, with the largest proportion of these respondents (16%) expecting a raise of1 to5%.
53% of respondents in Lebanon manage to save a portion of their monthly income, and11% make regular financial investments.
When asked about their career plans in the next twelve months,37% of respondents said they will look for a better job in the same industry, and36% said they plan to look for a better job in a different industry.
Respondent Profile
Among those surveyed, almost half (45%) of all Lebanon respondents have been working in their current industry for up to six years, with over a quarter (29%) having worked in their industry for more than10 years. When it came to specific employers, a majority (69%) of respondents have been working with their current employer for six years or less, with41% having worked for their employer for less than three years.
In their current role,25% of professionals claim to be ‘midway in terms of seniority’ when asked about the level they have reached in their career path, with another40% claiming they are ‘fairly senior level but not at the top yet’,16% report being in the ‘early days of their career’, and19% being at the ‘most senior level’ they can achieve.
Kerry McLaren, Head of Omnibus MENA at YouGov said: “The Middle East and North Africa Salary Survey2019 illustrates the job market from employees’ perspective, helping candidates understand their worth in the current job market, and provides professionals with evidence when deciding whether to invest time and money in further qualifications. It also helps you determine if your current remuneration is fair when compared to industry standards.”
Data for the Middle East and North Africa Salary Survey2019 was collected online from21st March2019 to9th April2019. Results are based on a sample of3,788 respondents from the following countries: UAE, KSA, Kuwait, Oman, Bahrain, Lebanon, Jordan, Iraq, Palestine, Syria, Egypt, Morocco, Algeria, Tunisia, Libya, Sudan, and others.