A majority of recruiters in the Gulf expect to expect new jobs creation in the region in the coming six months, while employers are likely to enjoy lower attrition as market signals a more stable workforce, a report said.

A high 84 per cent of the employers say that they are enjoying low attrition rates of less than 15 per cent in their organizations, in the recent NaukriGulf Hiring Outlook Survey.

On being asked about the attrition rates, 84 per cent report attrition under 15 per cent in Sep 2015 compared to 73 per cent reporting the same in Mar 2015. Also, 76 per cent employers expect attrition to either remain stable or reduce further over the next 6 months, compared to 68 per cent sharing this sentiment in Mar 2015.

Sixty per cent of employers say that talent crunch has improved in the last six months.

The second half of year 2015 heralded good news with employers expressing an improvement in talent availability. Also, a majority 52 per cent employers are confident of not facing any talent crunch in the next six months as well, compared to only 39 per cent in Mar 2015. The survey has also indicated that the maximum talent crunch is felt in the middle management roles (experience bracket of 3-8 years) and among nationalities of Asian origin.

Tarun Aggarwal, business head – Naukrigulf.com said, “As far as job creation and hiring scenario are concerned, 2015 looks to be a better year than 2014. With the recent decline in oil prices, Oil & Gas and related sectors are expected to see a dip in the creation of new jobs.”

“However, construction and allied sectors continue to grow, given the build-up towards Expo 2020 in UAE, the FIFA World Cup 2022 in Qatar and increased focus on infrastructure development. The overall economic outlook, hence, remains largely positive,” he added.

Thirty-five per cent of recruitment consultants expect construction sector to see the bulk of new job creation construction and its allied sectors are the favourites among consultants in their prediction regarding which sectors are expected to witness maximum job creation. Banking & Finance, Hospitality and Retail also are strong contenders for new job creation over the next six months.

Most new jobs are expected to be created for professionals in the middle management roles (3-8 years of work experience).

About 44 per cent of employers expect new jobs being created for middle management roles (3-8 yrs experience); while 25 per cent expect new jobs to be created at senior management and CXO levels.

Naukrigulf.com is among the fastest growing job site in the Gulf. It simplifies the job search process for jobseekers and provides innovative hiring solutions to help recruiters hire quality talent. – TradeArabia News Service