JOB MARKET REVIEW – MIDDLE EAST (FEBRUARY 2016)
- IT and Telecom/ISP followed closely, charting a 15 percent growth in hiring activity from the year-ago while the pace of growth eased over the past months beginning November 2015.Health Care (up 16 percent) led all monitored industry sectors by the way of long-term growth. Recruitment activity in the sector nevertheless is still less than the three-month ago level.
- Online recruitment activity in Production/Manufacturing, Automotive and Ancillary (up six percent) appears to have rebounded as the sector registered the second successive year-on-year growth. At the same time, the related Oil and Gas (down 11 percent) sector continued to exhibit negative growth on the year but at a visibly controlled pace vis-à-vis Q3 and Q4 of 2015.
- BFSI and Hospitality sector recorded fewer opportunities on the year yet again. It is notable that the rate of decline in both these sectors has increased vis-a-vis the past months. Online recruitment activity in each of these sectors was 19 percent below the corresponding period a year-ago in February 2016.
- Advertising, Market Research, Public Relations, Media and Entertainment (down 28 percent) exhibited the steepest decline in e-recruitment activity on a year-on-year basis even in February.
Year-on-year, Health Care professionals (up 47 percent) recorded the most notable growth in online demand. Health Care is one of the most consistently growing job roles among all others monitored and has been recording double-digit annual growth rates since August 2015. Occupation Year-over-Year Trends: Four of the 11 occupation groups monitored by the Index exhibited increased demand levels.
- Customer Servicefollowed, exhibiting a 35 percent growth, year-on-year. The Index reading for the series at 73, however, continues to hover below the baseline of 100. At the same time, online demand for the group is 32 percent lower than November 2015 (i.e. the three-month ago level).
- Software, Hardware, Telecom continue to chart robust growth in demand but at an eased-up pace. The long-term rate of growth moderated from 46 percent in January to 28 percent in February 2016.
Online demand for HR & Admin.(down six percent); and Sales and BD (down five percent) slipped below the year-ago for the first time since January 2015.
- Hospitality and Travel (down 32 percent) recorded the most notable annual decline in demand.
UAE (up 45 percent) registered the steepest growth, year-on-year, among all monitored countries even this month. The rate of growth was the same as that recorded in January 2016. Kuwait (up 21 percent), on the other hand, saw annual growth momentum eased from 33 percent in January 2016.Geographic Year-over-year Trends: Online hiring surpassed the year-ago level in two countries out of the seven monitored by the Index
- Online recruitment activity in KSA slipped three percent below the year-ago level. Month-on-month, there has been no growth in demand.
- Egypt (down 18 percent) exhibited the steepest decline year-on-year.