The SSR Personnel & Executive Profiles global salary survey, supported by ASIS International, reviews more than 12,000 security professionals (nationals and expatriate) with data gathered from multiple sectors, including; the finance sector, manufacturing, hospitality, extractives, FMCG and logistics.
Key responses from the survey were; 69% of respondents had a regional responsibility, the average salary increase year on year was 4%. In most countries this was higher than consumer inflation leading to more disposable income. For most management roles the anticipated 2020 salary increases are predicted to be in the region of 5.4%, whilst non-management salary increases will average around 2.7%. For this year over 33% of respondents cited changing their job as the reason for their salary increase, this indicates that for security professionals in both the physical and information sectors job opportunities are increasing, part of that is in the cyber security sector, but the conscious decisions of regional governments to expand tourism and sponsor clean energy generation has also been a significant factor. 25% of respondents had been awarded an annual increase, but 32% had through increasing their responsibilities or job re-evaluation been awarded an above average pay increase. Over half of employees were part of a bonus scheme with 2019 levels around that of the previous year, but 2020 bonuses are expected to increase by 15%, and share bonus schemes by a similar amount. 55% of respondents were dissatisfied with their current terms of working, marginally higher than the findings of the SSR 2019 European annual salary survey.
For job benefits; car/driver/travel allowance were top, followed by healthcare and 51% of respondents benefited from a company contributory pension, with housing or inner-city payments concluding the list. Schooling payments are still being paid, but the qualifying period is up to 12 months. Company staff layoffs are at the lowest levels in the region since 2010.
The 2018 VAT rises of 5% have now worked out of the consumer inflation of the UAE, Kingdom of Saudi Arabia and Bahrain.
In 2020 major events, including Expo Dubai commencing on the October 20 and the G20 summit in Riyadh on November 21-22, 2020, will highlight economic development, diversity and potential to attract investments. Being a geopolitically sensitive region means the GCC region is often in the news for the wrong reasons, but these events will possibly attract IMF, WDF events and in-depth analysis by key audiences. Dubai hosted 15.9m tourists in 2018, making it the fourth most-visited city globally according to Mastercard’s Destination Cities Index.
The PWC regional report predicts 11m tourists will visit Expo, that should result in it advancing to become the second most-visited city during 2020-21, reaching 23m visitors in 2021. The Expo in Dubai will be the first time that the Middle East region has hosted a World Expo. This has been providing a boost to the construction sector, about 80% of the work has been completed.
Qatar moves quietly towards the 2022 World Cup. The country has suffered from extraordinary virtual attacks but is well advanced in their preparations, the final fit out for life safety systems is required, which, as with other stadiums (and they are building 7), will require a level of ingenuity that may not be satisfied from the immediate APAC region and SSR will find staff from the west with a broader construction experience.
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