'Rising inflation in Gulf forces employees to look elsewhere'
The disparity was most pronounced in Qatar, with a perceived average cost of living spike of 38%, 22% higher than salary increases. Dial relatives abroad for funds
By PTI |
DUBAI: Unable to meet the challenges from the rising cost of living in the Gulf, many expatriates which includes a large number of Indians, are now contemplating moving abroad, says a new survey.
The online study, conducted by job site Bayt.com and market research specialist YouGovSiraj, showed that 37 per cent of the respondents are considering leaving the UAE to work elsewhere and improve their finances.
"The disparity was most pronounced in Qatar, with a perceived average cost of living spike of 38 per cent, 22 per cent higher than salary increases. In Dubai, living expenses were alleged to have risen by 37 per cent, representing a gap of 20 per cent," the study claimed.
Nassim Ghrayeb, chief executive officer of YouGovSiraj, said these results reveal just how much of a headache the rising cost of living and weak dollar is having on employers, who also need to consider their margins.
The online study, conducted by job site Bayt.com and market research specialist YouGovSiraj, showed that 37 per cent of the respondents are considering leaving the UAE to work elsewhere and improve their finances.
"The disparity was most pronounced in Qatar, with a perceived average cost of living spike of 38 per cent, 22 per cent higher than salary increases. In Dubai, living expenses were alleged to have risen by 37 per cent, representing a gap of 20 per cent," the study claimed.
Nassim Ghrayeb, chief executive officer of YouGovSiraj, said these results reveal just how much of a headache the rising cost of living and weak dollar is having on employers, who also need to consider their margins.
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According to the study, about 40 per cent of the UAE workers said rising expenses might force them to resign and look for a better job in the same industry while 24 per cent thought of switching to another industry.
Dissatisfaction was the highest in Qatar, where 50 per cent said they considered relocating to another country or returning home.
Oman came second with 47 per cent, while Kuwait saw the lowest number of professionals planning to relocate abroad, at 32 per cent.
Bayt.com chief executive officer Rabea Ataya said around 70 per cent of the respondents said they have held two or more jobs in the past five years.
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