Bayt.com’s leading professionals were given a chance to answer various salaryqueries as well as disclose helpful current insights on the MENA region’s current incomes at the ‘Salary Trends2011’roundtable discussion event held at the3rd Annual Saudi HR. This gathering comes as the seventh in a series of roundtable events thatBayt.com has conducted across the Middle East region in the past quarter, in order to promote salary transparency and best practice sharing in HR sourcing and retention practices – specifically as it pertains to compensation, benefits measurement and measurement polices. Experts from Bayt.com, the Middle East number one job site, focused on an on-going debatable issue“Where do we stand today when it comes to salaries?” at the informative event held at Marriott Hotelin Riyadh, Saudi Arabia.
“Bayt.com has a long tradition of hosting employer roundtable events to promote useful dialogues about the very latest in pan-regional MENA-wide as well as very local HR trends and developments. These distinctive initiatives use our skill to benefit KSA companies and HR practices more proactively. At Bayt.com, we are dedicated to the Kingdom’s growth and development as much as we are to our KSA employers and job seekers,” stated Amer Zureikat, VP Sales, Bayt.com
Bayt.com Middle East Salary Survey this year focusedon the participants’ level of satisfaction regarding their income raise, in addition to judging and evaluating salary and increment levels. Essentially, a sizeable38% of the survey’s partakers missed out on a pay rise, while9% of professionals in KSA said they were very unhappy with their salary increase, andjust3% were very content. Similarly,4% felt their pay rise was fair given the economic circumstances, whereas13% seemed dissatisfied. “These informative ‘roundtables’ hosted by Bayt.com are informative, insightful and firmly locally oriented; looking beyond the obvious. This new salary survey is an apparent indication as to why HR experts and professionals need firm methods and targets, such as those provided by the annual Bayt.com ‘Salary Survey’ analysis and Bayt.com’s new online ‘Salary Tool’, in order for them to gauge market levels and trends before setting internal salary levels,” Zureikat added.
Carried forth in three parts, the event first concentrated on the topic‘Salaries: Are they the only retention factor?’ which was conducted by Suhail Masri, General Manager, Bayt.com – Saudi Arabia. The topic on hand focused on whether salaries today were considered a key path to employee loyalty, in addition to other top employee reasons in the Middle East– including the importance of good working conditions. Following that,Amer Zureikat discussed the satisfaction of the MENA region’s professionals with their2011 salaries, competitive raises and lucrative packages as per most recent Bayt.com Middle East Salary Survey.Thereafter, to conclude the significant session, Mohamad Haj Hassan, Senior Relationship-Enterprise, Bayt.com– KSA, gave an informative talk on the best Middle Eastern salaries earned today and comparisons on the pay structure 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.
“I’d like to thank Bayt.com for their participation in the Saudi HR Week June2011. The significant information they have shared with us, regarding Recruitment Solutions & Salaries Benchmarking, was extremely valuable. We at Arab National Bank consider Bayt.com as a main source for finding top talent in the Saudi Market,” said roundtable participant Khalid Al Somali, Head of Recruitment, Human Resources Group.
At the end of the Employers Roundtable discussion, with the support of Bayt.com’s professionals, guests were encouraged to start productive discussions. Bayt.com highlighted its latest improvements in HR research, tools techniques and technologies including its widely acclaimed and highly anticipated2011 Bayt.com Middle East Salary Survey, as well as its polls on workplace motivation and employee engagement and satisfaction.
“We, as the Middle East’s leading online business and recruitment intelligence platform, have received a very positive response from top KSA employers at this event and plan to hold many more. We welcome the opportunity to associate ourselves with new and existing KSA employers who highlight how our expertise in the human resources industry and Middle Eastern market can best assist them,” concluded Zureikat.
Bayt.com is the largest and most relevant community of professionals interested in the MENA region with over5,750,000 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 at every career level, in every industry.