According to data from US-based job portal Monster.com there has been a 35% decline in UAE jobs posted online.
The latest Monster Employment Index reveals that Purchase/ Logistics/ Supply Chain occupations were the only segment to register growth at 19 percent, while the Education industry registered the least decline in online hiring at -1 percent.
“With the uncertainty surrounding the new oil production cuts by OPEC and the strengthened US dollar, it appears that UAE businesses are taking a cautious approach to growing their workforce, however this is likely to change in 2017 as confidence is restored with more stable market conditions,” said Sanjay Modi, Managing Director, Monster.com, APAC & Middle East in a statement.
“While online hiring activity in the UAE currently remains very low, the movement of employees and employee talent gaps will create more opportunities but higher competition for job seekers, making it important for job seekers to find ways to stand out.”
Finance and Accounting occupations demonstrated the steepest decline among industries surveyed with a -49 percent fall from the same period last year while Banking, Financial services and the Insurance industry showed the lowest year-on-year growth in online recruitment at -39 percent.
