Salary, Compensation and Benefit Surveys
Salary Guide for the Gulf
What are Salary Surveys?
Salary Surveys are tools used to determine the median or average salary paid to employees in one or more jobs. Salary data collected from several employers, is analyzed to develop an understanding of the amount of compensation paid. Surveys may focus on one or more job titles, countries of residence, employer size and turnover, and or industries.
Survey data is often time-sensitive and may become out-of-date quickly. Because of the time-sensitive information, salary surveys are often identified within the year or quarter in which the data was collected.
Covid-19 has had a tremendously negative impact on the employment market in the Gulf, resulting in a decrease in salaries for almost all industries and companies. Being ignorant of this impact could result in you overpaying your employees and hence affecting your bottom line.
Salary Surveys can be
Average Market Market Salary
Specific Competition Salary
General industry salaries
Why are salary surveys important?
Salary surveys ensure that a company does not overpay their employees which would damage their profitability while at the same time it ensures that employees are not underpaid for fear of losing them to competition or other employers.
Genesis Executive Search provides executive compensation structures for the UAE and GCC markets and has over two decades of expertise in undertaking salary surveys in the Gulf. Our methodology to carry out the survey at a very specific time ensures very accurate results. We do not rely on salary data available from sources including our own database, but we carry out the salary survey assignment on the date of the requirement adhering to the below methodology.
Compensation and Benefits Survey
Understanding Compensation and Benefits
Our recruitment consultant understands the client's business, candidate profile, the required job description, and candidate culture to get an understanding of the profile to target. It is important since the salary comparison of an Indian with 5 years UAE experience will be very different from an American with 3 years of Bahrain experience.
Industry Based Candidate Profiling
A candidate's profile may vary depending on qualification, skill set, culture, years of work experience, company, and industry. This understanding is extremely important to find the closest competitors, businesses, and final candidates. Language and regional expertise make a 30%-60% difference to the final report if not carefully evaluated.
Salary Data Collection
Once target companies are identified, our resource consultant then gathers 13-15 different parameters on which the comparison will be made and proceeds with speaking, meeting, and verifying details.
The final survey result may be shared with the target candidate.
Salary Report Generation
All the data is collated and tabulated in a project report. Each report contains 3 targeted companies, each with a profile very similar and closest to the client requirement.
The report contains basic salary, housing allowance, travel allowance, a company maintained car, commissions, bonus, working hours, medical insurance, Annual tickets, reimbursements, phone and call allowance, laptop, any fixed cash allowance, family visa expenses, appraisal.
The report is finally presented to the client with a brief explanation of each parameter in line with local laws and regulations.
Salary and Compensation Parameters
The different compensation parameters for structured profile analysis and Review and as per UAE law are
House Rent Allowance (HRA)
Annual Return Airfare
Variable Expenses depending on the structure and company policy
Vehicle and its maintenance
Education Allowance for children
Recreation Allowance (Gym membership etc)
Commissions (monthly/quarterly or yearly)
We can help you with a salary guide for the UAE.
Genesis Executive Search is one of the best recruitment agencies in the UAE and a leading executive search firm in Dubai. We provide retained and contingent human resource solutions to the world's best multinationals.
Office 1312, 13th Floor,
Burjuman Business Tower, Dubai
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