Bayt.com, the MENA region’s number one job site, held today its “Salary Trends2011” event at the Hilton in Jeddah, Saudi Arabia. The event featured Bayt.com’s top professionals who answered the question “Where do we stand today when it comes to salaries?” and revealed informative up-to-date insights on the MENA region’s current salaries.
“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. As such, 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 unique initiatives use our expertise to proactively benefit the Saudi Arabia’s companies and HR practices,” said Amer Zureikat, VP Sales, 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.
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, Adham Turjuman, Unit Manager, Bayt.com – Jeddah 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.
“As the Middle East’s leading online business and recruitment intelligence platform, we welcome the opportunity to network with new and existing 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,” 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.