With economic recovery in the West, many expatriates are staying at or returning to their home countries, forcing GCC employers to think long-term plans to counter the talent crush, according to an expert.

Sabine Vinck, associate dean, Executive Education, London Business School, said GCC companies have for years enjoyed a rich pool of expatriate talent to choose from, a trend that has contributed significantly to the region’s strong growth.

As hiring returns to pre-recession levels in the Gulf, regional companies are experiencing a widening talent crunch.

Individual life and work decisions often come down to a set of trade-offs that must be balanced. Talented, sought-after professionals look for appropriate compensation but also career advancement, professional development opportunities and a chance to be part of a rewarding journey or experience.

Firms will retain talent most effectively by taking a holistic approach to talent management which addresses all these factors.

Employers need to create a long-term culture, focusing on professionals looking to establish their careers here rather than expatriates who stop by in the Gulf to avail themselves of tax benefits. - TradeArabia News Service