Bayt.com, the MENA region’s number one job site, held its “Salary Trends2011” event at the Holiday Inn in Al Khobar, Saudi Arabia. The second in the series of round table discussions in The Kingdom of Saudi Arabia – was attended by prominent HR professionals from Saudi’s leading businesses such as Eastern Cement, Red sear Refinery, Rashed AL Rashed, Al Yaum, Royal Commision, Zonik, Marafiq. The event hosted by Bayt.com’s top professionals helped answer the question “Where do we stand today when it comes to salaries?” revealing up-to-date insights, statistics and best practices on the MENA region’s current salaries and their evolution.
“Given the tremendous response from participants and the industry at large, Bayt.com will host the third in the series of round table discussion in Riyadh on June5th,2011. At Bayt.com, we are constantly striving to value add and contribute to the betterment of the Human Resource ecosystem in the Middle East region. We are committed to sharing valuable insights and best practices that would be beneficial to the growth and development of job seekers and employers. This recent initiative is a step in this direction. We are present here today to share with our fellow peers in the industry our “Salary Trend2011”. The intent is to present an overview of what the market sentiments are and importantly promote useful dialogues that provide perspectives about the very latest in pan-regional; MENA wide as well as very local HR trends and developments, using our regional HR and business expertise to proactively benefit Saudi Arabia, ” said, Amer Zureikat, VP Sales at Bayt.com.
In addition to gauging and analyzing salary and raise levels, this year’s Bayt.com Middle East Salary Survey also looked at the respondents’ level of satisfaction with the pay rise they received. For the most part, the region’s respondents did not receive a pay rise, with a sizeable38% missing out on a pay rise. In KSA, just3% of professionals said they were very happy with their salary increase,9% were very unhappy,13% consider themselves as unhappy, and4% agreed that their pay rise was fair given the economic circumstances. “This is a clear indication as to why HR practitioners and professionals alike need firm measures and benchmarks such as those provided by the annual Bayt.com Salary Survey analysis and Bayt.com’s new online Salary tool to gauge market levels and trends before setting internal salary levels. These roundtables hosted by Bayt.com – lend themselves to being deep, informative, firmly locally oriented and to look beyond the obvious” added Zureikat.
Fadi Dalileh - HR & Admin Manager - Electric-House said: “The Bayt.com employer roundtable was very useful and all participants shared interesting ideas about the salary trends in the market and I hope we can meet again and discuss other related issues. I would like to thank you Bayt.com for taking this step forward and for being the1st to hold an enlightening salary trends round table. This reiterates the fact that Bayt.com is as always the leader in the Middle Eastern Recruitment Market”.
The event was organized in three parts. The first, Salaries: Are they the only retention factor?, was run by Suhail Masri, General Manager, Bayt.com – Saudi Arabia and discussed whether salaries are still a key path to employee loyalty in addition to other top employee motivators in the Middle East today including the importance of good working conditions. Next, Amer Zureikat, Sales VP, Bayt.com, discussed the satisfaction of the MENA region’s professionals with their2011 income, competitive packages and raises as per most recent Bayt.com Middle East Salary Research Survey which has just been released. Finally, Sinan Jaber, Unit Manager, Bayt.com Al Khobar Saudi Arabia, gave an informative session on the best Middle Eastern salaries earned today and pay structure comparisons 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.
The final part of the event featured an Employers Round Table Discussion where guests were encouraged to initiate fruitful dialogues with the support of Bayt.com’s professionals. Bayt.com highlighted its latest innovations in HR research, tools techniques and technologies including its highly anticipated and widely acclaimed2011 Bayt.com MENA Salary Survey as well as its polls on workplace motivation and employee engagement and satisfaction.
“In fact, as usual and as expected from Bayt, we have been invited to a very beneficial brain-storming session on Salary trends in GCC region with special focus on Saudi Arabia. Personally, I have benefited a lot from participants’ ideas and how they see Saudi market in terms of salary benchmarking and its importance on employee retention. On professional level, event was organized with neat atmosphere that enabled all of us to focus, concentrate and come up with ideas on how to co-operate and support each other as HR Professional. It would definitely be a pleasure to attend other HR related seminar conducted by Bayt.com” Fareed Elsherbeny, Assistant Recruitment Manager, Sunbulah Group Co.
“As the Middle East’s leading online business and recruitment intelligence platform, we welcome the opportunity to network with leading KSA employers highlighting how our expertise in the human resources industry and Middle Eastern market in general can best benefit them. We received a very positive response from top KSA employers at this event and plan to hold many more best-practice sharing regional forums in the near future,” added Zureikat, Bayt.com.
Bayt.com is the largest and most relevant community of professionals interested in the MENA region with over5.5 million 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 in every industry and at every career level.