The Ministry of Human Resources and Emiratization (MOHRE) has launched a Voluntary Savings Scheme aimed at replacing the traditional end-of-service gratuity system. This initiative invites private sector companies to participate, allowing them to invest employee end-of-service benefits in four approved investment funds. The four funds approved for the scheme include the FAB Fund from First...
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14.01.202514.01.2025Workforce
UAE Employees Push for Higher Allowances Amid Rising Costs
Employees across the UAE are increasingly asking for higher housing, transportation, and school allowances as living expenses continue to climb. Recruitment consultants say the rising costs of rent and transportation, especially in Dubai, are driving these demands. Mayank Patel, Senior Vice President at Adecco, explained that many workers are now requesting adjustments to their salary...
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UAE Salaries in 2025: Modest Increases and Rising Competition
Salaries in the UAE are projected to see minimal growth in 2025, with increases expected to remain in the low single digits or stagnant, according to recruitment consultants. Experts attribute this trend to the continued influx of skilled expatriates and already high salary levels in the region. Trefor Murphy, CEO of recruitment firm Cooper Fitch,...