Survey Results – Will job seekers drop their salary?

We are seeing a regional trend of jobs being offered to market at lower salaries than ever before and overall packages being squeezed. We recently ran a survey asking our vast LinkedIn network whether they would take a salary cut.

***A quick note here about Inspire Selection’s Linked In network, it should be mentioned that our followers are overwhelmingly professionals, the majority are based in the region and are degree level or professionally qualified, highly networked with an interest in the recruitment market, be that as a job seeker, recent new hire or hiring manager.***


We have observed that some companies seeking to hire highly skilled and educated employees, are offering reduced salaries and benefits compared to the past. Is this a good way of flattening previously inflated salaries or is it taking advantage of the current climate? Keen to know your views.


Our research shows that 65% of respondents would drop their salary expectations if required. Looking into the results we noticed some surprising elements:

  • We were surprised at the seniority of the respondents who said that they would be prepared to drop their salary, of those that said that they would drop their salary for the right role many were senior professionals.
  • Almost all the respondents who had already dropped their salary are working at a manager level.
  • 10% of those who say that they would if they were unemployed have already marked themselves as available for work.
  • Interestingly many those who said that they would not drop their salary currently work in technology in some form or another. In fact, we did not notice anyone who works in technology being open to dropping their salary.

So, what does this show us?

First, we must acknowledge that we have had a tough 12 months and many businesses have not performed to their expectations and therefore unfortunately have had to lay off staff and just do not have the budget to pay salaries like before. However, global pandemic aside, we see some other trends emerging here.

A picture containing outdoor, building, city, several

Description automatically generated As many of our commentators on the post remarked, the UAE is no longer seen as a ‘hardship post’ and those working in the region find it harder to command large salaries and the traditional packages which once were synonymous with a posting in the Middle East. The demographic of those working in the region is changing, and employers know that they do not have to pay the large salaries anymore – there are high calibre people in the market who will work for less than before.

We also noted from the comments that people believe companies are cutting their costs by dropping salaries. Whilst this may be a necessity for some, it is acknowledged that this way of managing costs is short-sighted. One of our respondents noted, recruiting under these circumstances, paying people less because they are desperate, can lead to future problems “As soon as an opportunity for fairness is presented to your new staff they will be gone like a shot and then you will be back to zero. More recruitment costs, more training etc, all of which you could have put into the salary you under offered in the first place.”


What will happen next?

Some industries will continue to offer higher salaries, and we are fortunate that the economy in the UAE is bouncing back and there are many growth industries that are actively hiring and salaries will continue to eb attractive within the region and to entice new expats – https://www.khaleejtimes.com/news/uae-jobs-alert-top-15-sectors-that-are-hiring

As for those industries and organisations that are cost cutting, both candidates and employers need to seriously consider the impact of replacing staff, or funding growth by offering lower packages. Recruitment is costly and getting it wrong can damage morale and output, as well as the bottom line https://inspireselection.com/hiring-advice/the-true-cost-of-a-bad-hire/

The market is tough at the moment, but if you are job hunting, we are pleased to say that we see many companies who are now cautiously optimistic and this region continues to be seen as a leading force in innovation and growth. If you are job hunting – follow our tips and advice on how to land that perfect job https://inspireselection.com/candidate-support/

Finally – if you are looking to personally upskill, our partners in the region are offering an exclusive program to help candidates take control and develop their careers https://inspireselection.com/learning-development/career-development-training/

 

Recent Posts

Sustainability

In April 2021 Inspire Selection launch of our Sustainability desk to support companies to recruit and build their Sustainability teams. Here we investigate what Sustainability means for organisations and why it is so important. We talk to Damian Regan Assurance Leader...

Invisible Jobs: Stay-at-Home Parents and Career Break

What an uplifting conversation with Dina Butti, Najat Abdelhadi and Louise Vine! If you missed the chat on working and parenting, and how the world of recruitment has changed since the pandemic, check it out here: https://www.youtube.com/watch?v=c3iXAQsAAgY

The One-Click Job Search….. it doesn’t work

We recently joined The University of Manachester for their MBA careers event where we were selected to be part of an expert panel and Q&A session. The common thread was that many job seekers find a job online, hit ‘quick apply’ and expect to get the job. The...

News from the Digital and Technical Team

Inspire Selection is delighted to welcome Kiren Gill to the team. With over 7 years’ recruitment experience in Sales, Marketing and Tech roles gained in Dubai and Singapore, and a background in Media, Kiren joins the Technical and Digital recruitment team. “I have a...

Stand out in a competitive marketplace with personal PR

Six seconds is the average time employers spend reading a CV. And during these competitive times, ticking all the boxes your previous job required is far from enough. People are seeking more value - whether it’s from brands on social media or from an employee in the...

Inspire Selection launches a Sustainability Division

Inspire Selection is delighted to welcome Alexandra Scholes who will be setting up a new business line looking at roles within Sustainability. “The world is fast acknowledging its responsibility for the environment and preserving the ecosystem we live in. With the...

Ten Top Tips for a Successful Video Job Interview

CONGRATULATIONS! You have an interview! We understand that interviews can be stressful at the best of times, but the switch away from face-to-face interviews to those conducted by applications such as Zoom and Microsoft Teams throws up more challenges (for generic...

Why relaxing your requirements can help you find the perfect hire

You have been trying to fill a role for a long time, but no one is quite hitting the mark, could it be that you are being too narrow with your requirements? We find it is very much a Middle Eastern issue, as brand new candidates from overseas coming into the region...

Career Development Training

You’ve decided that you want to start a new career, or perhaps you’ve been looking for a while but that perfect opportunity hasn’t arisen yet.  Perhaps you are between jobs and you now have time to improve and develop on your career/life skills. Now is the ideal time...

News from the Digital Recruitment Team at Inspire Selection

Inspire Selection is delighted to announce that Carolyn Ross has joined the agency to head up the Digital Recruitment Team. Carolyn has been recruiting in the Middle East since 2008 and therefore has a substantial understanding of the recruitment market specialising...