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Please contact us to discuss the hiring and
salary trends for your specific hiring needs.
CONTENTS
Key trends affecting hiring
3
Message from
the Associate Director
2
Accounting and finance
Hiring climate
7
Remuneration trends
6
The Salary Guide is solely for noncommercial use, and the copyright is the exclusive property of Robert Half International Inc. This guide cannot be reproduced or
disseminated in any part without Robert Half’s written permission. © 2019 Robert Half International Inc.
Human resources and
administration
Hiring climate
24
Additional remuneration
trends
31
Legal
Hiring climate
28
Legal
Salaries (national averages)
30
Human resources and
administration
Salaries (national averages)
27
Where we are located
33
About Robert Half
34
Financial services
Hiring climate
13
Technology
Hiring climate
19
Financial services
Salaries (national averages)
16
Accounting and finance
Salaries (national averages)
10
Technology
Salaries (national averages)
22
ROBERT HALF
2O2O SALARY GUIDE | 1
The future of work is within sight. New technology, geopolitical changes
and the ongoing skills shortage are affecting organisations across the
globe, and emerging markets such as the UAE will need to adapt to be
successful in the new working world.
Automation and AI (artificial intelligence) have become key in supporting
businesses as they strive to improve operations, speed and insights.
Quality candidates with in-demand digital skills often receive multiple
job offers, prompting businesses to adopt far more competitive
strategies to attract them. Our 2020 Salary Guide gives you insights
into emerging hiring trends and salary benchmarks, to help you gain
a competitive edge, and includes guidance on retaining and upskilling
existing workforces.
Our salary forecasts are based on the significant number of job
placements we make every year. Combined with our knowledge of
labour market conditions, this means we can give you a head start as
you plan headcount and hiring budgets in the year ahead.
For more information regarding recruitment trends and salaries in
your region, please contact us on +971 4 382 6700.
Gareth El Mettouri
Associate Director, Robert Half UAE
MESSAGE FROM
THE ASSOCIATE DIRECTOR
ROBERT HALF
2O2O SALARY GUIDE | 2
many, this will include the modernisation of internal processes to
feature automation and more sophisticated platforms that could
significantly reduce task times.
AI, automation and the future of work
The impact of technology on the future of work will be significant
for both employers and workers alike. As new technology begins to
infiltrate business processes, the roles of tomorrow begin to evolve.
Approaches to hiring have shifted, with employers now putting
more emphasis on the soft skills needed for digital work
environments. Our research found that communication, strategic
thinking and adaptability will rise to prominence in the next few
years as workforces change to meet the new challenges that
technology presents.
Optimism returns to the GCC
The future is looking bright for the Gulf Cooperation Council
(GCC) region, as oil prices, retail and infrastructure investments
bolster optimism in business leaders. UAE consumers have
absorbed the impact of the VAT introduction and are beginning
to spend more freely, and confidence levels are up by 54%.1
The World Expo 2020 remains a main driver of confidence,
reputation and economic growth for Dubai.2
Tourism to the region
will provide a healthy boost in revenue for the leisure, retail and
hospitality sectors, as well as additional operational spending
and the job creation connected to it. The event provides further
support for economic diversification away from oil and into other
more sustainable sectors.
Although confidence is high and good growth is predicted, business
leaders could struggle to hit targets amid the global skills shortage.
The majority of chief executive officers (CEOs) in the Middle East
are struggling to find qualified talent to fill open roles. At the
risk of falling behind, two-thirds (68%) of CEOs are expected to
prioritise operational efficiencies over the next 12 months.3
For
KEY TRENDS
AFFECTING HIRING
	 Business leaders we speak to are
confident they will achieve revenue
growth over the next three years.
— Darren, Senior Manager, Dubai
1
More UAE consumers upbeat about finances, economy; confidence levels up 54%: Gulf News, January 2019
2
UAE economy to grow 3 per cent in 2020: Gulf News, May 2019
3
PwC Annual Global CEO Survey ROBERT HALF
2O2O SALARY GUIDE | 3
Workplace digitalisation will also require a change in leadership
tactics. According to UAE business leaders, good leadership is
the most sought-after soft skill for the digital workplace. The most
in-demand executives will be those who can foster resilience
in workers and can support and maintain a forward-looking
company culture.
Our survey results show that 46% of UAE business leaders feel
the introduction of technology into the workplace has helped
employees expand their skills. It has also helped facilitate better
work–life balance and has increased productivity.
Despite a positive outlook overall, business leaders believe resistance
to change and a lack of access to digital skills training could
prevent progress. To launch planned initiatives via technology,
organisations will need to focus on fostering a company culture
that encourages resilience and supports learning to facilitate change.
of CEOs struggle to find
qualified professionals
83%
Top three skills for a digital future
1.	 Technological understanding (63%)
2.	 Communication skills (52%)
3.	 Technical know-how (51%)
ROBERT HALF
2O2O SALARY GUIDE | 4
Increased ease of doing business for foreigners
A series of new UAE government initiatives has been announced
with the aim of increasing the appeal of the UAE for foreign
investment and expats. These include initiatives such as offering
100% foreign ownership across 13 sectors.4
And in Abu Dhabi,
foreigners5
are now entitled to own the freehold of land and
properties purchased in investment zones. Expats are enjoying a
more settled and long-term outlook regarding their careers in the
UAE, and investors and entrepreneurs have the option to apply
for a 10-year residency. These initiatives are being offered in an
attempt to attract more expat talent to the region.
Entrepreneurial boom
The UAE region is in the middle of an entrepreneurial boom that
has seen significant growth in FinTech and e-commerce start-ups.
The Middle East and North Africa (MENA) e-commerce market
is expected to triple in value by 20206
, and the FinTech market is
predicted to reach $125 million (£97 million) in growth by 2022.7
Entrepreneurial confidence has been bolstered by Uber’s
acquisition of Careem, the deal between Souq and Amazon
and by the new incentive allowing 100% ownership by foreign
companies. Dubai Expo 2020 is another driver of entrepreneurial
success, prompting a hiring boost in events, hospitality and
service/supplies businesses.
As the start-up culture in the UAE continues to thrive, qualified
accounting and finance candidates have become scarce as new
FinTech businesses rush to hire experienced professionals to help
guide them. Because of this, 32% of small businesses in the UAE
are struggling to hire the accounting talent they need.
4
Khaleej Times, July 2019
5
Arabian Business, July 2019
6
Google Report: E-Commerce in Middle East Set for Strong Growth, FinTech Middle East, March 2019
7
MENA: Fintech Makes Its Mark, Global Finance, February 2019
Top concerns for UAE managers in 2020
Cash flow management
52%
Talent attraction and retention
47 %
Delivering growth
44 %
Regulatory issues
41%
Access to investment financing
33 %
Source: Independent Robert Half survey of more than 75 CFOs across the UAE.
ROBERT HALF
2O2O SALARY GUIDE | 5
Please contact us to discuss the hiring and
salary trends for your specific hiring needs.
Although passive candidates are usually content to stay within
their current roles, many have said they would consider another
offer if there were a considerable salary increase or the
opportunity for career progression. The offer of a promotion is
a particularly powerful retention tool, as 67% of senior business
leaders claim they have denied an employee promotion in the
past three years. The power of a competitive salary also hasn’t
gone unnoticed by employers, 32% of whom have stated they
increased their base offering to help fill a vacant role.
Training and development remain a key consideration for
candidates in the current hiring market, as professionals strive to
keep skill sets up to date and advantageous. In response, 52% of
UAE business leaders are planning in-person training sessions for
new technologies, and 50% plan to facilitate knowledge transfer
from subject-matter experts. Over a third of employers (34%) have
used the offer of training to entice a new hire to their ranks.
As in previous years, one of the most requested benefits is
flexible working. This can take the form of work-from-home days,
condensed working hours or negotiable schedules. Candidates at
all experience levels, from junior to senior, are requesting flexible
working during the interview process. The option to spend more
time with family is also an attractive prospect for expats, and the
offer of flexible working could help organisations attract top talent
from overseas.
REMUNERATION TRENDS
2O2O SALARY GUIDE | 6
ROBERT HALF
ACCOUNTING
AND FINANCE
Hiring climate
The UAE has established itself as a haven for start-ups. Many of
these are seeking qualified finance and accounting professionals
with experience in establishing and developing finance processes,
who are also comfortable sitting within advisory roles regarding
growth and investment. Demand for financial planning and
analysis roles has risen in response, with 39% of business leaders
struggling to find qualified talent, making it the most challenging
accounting and finance role to hire for.
Within multinational corporations, businesses are still focused on
filling vacancies rather than creating new roles. As capital expenditure
returns to budgets in 2020, headcount is expected to increase to
bring additional resources into alignment with investment.
Market regulation and consumer protection have become
a point of focus as the UAE strives for global best practice.
This shift has increased hiring for internal audit and risk/
compliance roles, which businesses are struggling to hire for.
ROBERT HALF
2O2O SALARY GUIDE | 7
The telecommunications, aviation and technology industries
are showing the highest signs of demand overall. They are
expected to continue on this trajectory until 2020. Because
the talent shortage threatens hiring plans across the accounting
and finance sector, some organisations are opting to hire
newly qualified professionals, who can add value via a fierce
determination to succeed and the application of fresh training.
Salary trends
Although salary increases are being awarded in some large
organisations, many employers are struggling to move beyond
their existing salary bandings. Despite this, employers can
expect to continue seeing an influx of new expat candidates,
who continue to move to the region.
Hiring managers who aren’t able to offer a higher salary are
attracting top talent by flexing the benefits and perks offered
as part of the remuneration package. The most popular benefit
offered is flexible working in the form of flexible schedules,
compressed working hours and the option to work from home.
Training is also an attractive benefit and is being offered by
41% of chief financial officers (CFOs).
of CFOs offer training as part
of the remuneration package
41%
2O2O SALARY GUIDE | 8
ROBERT HALF
TECHNICAL SKILLS IN DEMAND
•	 ACCA/CIMA/ACA newly qualified (≤5 years’
experience)
•	 ACCA/CIMA/ACA 3–5 years part-qualified
•	 Bilingual language skills – Arabic and English
•	 Financial modelling
•	 Private equity experience
SOFT SKILLS IN DEMAND
•	 Analytical ability
•	 Business partnering
•	 Change management
•	 Effective communication skills
•	 Influence
•	 Chief financial officers
•	 Financial analysts
•	 Finance directors
•	 Management accountants
•	 Financial planning and
analysis managers
ROLES IN DEMAND
2O2O SALARY GUIDE | 9
ROBERT HALF
ACCOUNTING AND
FINANCE SALARIES
TITLE COMPANY SIZE US$ MIN US$ MAX
Chief Financial Officer (CFO)
SME 196,100 438,900
Large Company 228,900 450,450
Finance Director
SME 163,500 228,800
Large Company 178,000 312,900
Financial Controller
SME 81,700 164,500
Large Company 125,900 212,400
Chief Accountant
SME 75,000 135,000
Large Company 110,000 140,000
Financial Planning and Analysis Director
SME 137,100 176,800
Large Company 154,500 217,800
Financial Planning and Analysis Manager
SME 82,200 123,500
Large Company 98,000 147,300
Treasurer Director
SME 163,500 245,200
Large Company 196,200 261,600
Treasurer
SME 129,300 173,300
Large Company 147,100 222,300
© 2019 Robert Half International Inc.
ROBERT HALF
2O2O SALARY GUIDE | 10
ACCOUNTING
AND FINANCE
SALARIES
© 2019 Robert Half International Inc.
TITLE COMPANY SIZE US$ MIN US$ MAX
Finance Manager
SME 103,000 165,000
Large Company 98,100 194,500
Tax Director
SME 115,500 265,100
Large Company 137,500 294,300
Tax Manager
SME 81,200 101,500
Large Company 83,100 139,200
Senior Tax Associate
SME 60,900 71,200
Large Company 61,200 84,500
Financial Analyst
SME 42,600 87,300
Large Company 59,300 92,100
Compliance Director
SME 105,900 137,200
Large Company 121,000 184,200
Compliance Manager
SME 80,400 102,300
Large Company 101,800 116,200
Audit Manager
SME 124,600 199,300
Large Company 135,900 241,000
Senior Internal Auditor
SME 78,300 121,400
Large Company 80,400 136,300
Internal Auditor
SME 54,300 72,100
Large Company 62,300 70,400
ROBERT HALF
2O2O SALARY GUIDE | 11
ACCOUNTING
AND FINANCE
SALARIES
© 2019 Robert Half International Inc.
TITLE COMPANY SIZE US$ MIN US$ MAX
Management Accountant ≥5 years’ experience
SME 79,300 113,000
Large Company 75,300 121,900
Management Accountant ≤5 years’ experience
SME 61,400 99,400
Large Company 71,900 91,300
Payroll Manager
SME 74,200 99,300
Large Company 79,400 109,300
Credit Manager
SME 69,300 101,900
Large Company 81,200 108,400
Credit Controller
SME 47,800 59,800
Large Company 53,400 63,000
General Ledger Accountant ≥5 years’ experience
SME 69,400 112,000
Large Company 81,500 119,000
General Ledger Accountant ≤5 years’ experience
SME 64,900 89,300
Large Company 64,200 99,900
Accounts Payable/Accounts Receivable Manager
SME 68,000 107,400
Large Company 76,400 117,700
Accounts Payable/Accounts Receivable Accountant
SME 29,500 69,300
Large Company 35,000 72,100
ROBERT HALF
2O2O SALARY GUIDE | 12
FINANCIAL
SERVICES
Hiring climate
Hiring in the financial services sector is trending upwards.
Stable oil prices have increased confidence and investments from
sovereign and government institutions continue to roll in, to the
benefit of all markets – especially banking. Although many larger
organisations still have hiring freezes in place, there are plenty
of opportunities in the growing start-up community, most notably
among FinTech companies.
Regional buy-side firms – private equity, family offices, sovereign
wealth and so on – are attempting to navigate portfolios through
a challenging market at present. This has prompted them to seek
finance candidates with strong strategic and commercial skills.
Demand for trade licences in the UAE’s offshore financial
jurisdictions has led to a hiring push for compliance professionals.
Businesses are particularly interested in candidates with
experience operating as the authorised individual for firms
regulated by the Financial Services Regulatory Authority (FSRA)
or the Dubai Financial Services Authority (DFSA).
ROBERT HALF
2O2O SALARY GUIDE | 13
A number of new roles have emerged in finance due to technological
advancements in business processes. Business analysts, enterprise
resource planning (ERP) systems specialists, risk managers and
financial advisers are some of the emerging roles that businesses
plan to start hiring for in the coming year. The current economic
and political climate in the UAE may dampen overseas job seekers’
enthusiasm for relocation, but new government incentives (such as
the offer of long-term visas) have removed emigration roadblocks
and have made it easier and more affordable for businesses to
access and retain qualified professionals.
Salary trends
The highest salaries are being offered to mid- to senior-level candidates
due to the lack of qualified talent in the current hiring market.
When hiring for compliance roles, employers are typically looking
for candidates with 4–7 years’ experience. This is a strategic move,
as these candidates will have enough experience to hold authorised
individual status, without commanding the higher salaries of a
more experienced or senior professional.
Many businesses are choosing to promote existing staff to senior
finance positions, such as deputy CFO or corporate controller.
This allows businesses to retain good talent while avoiding the
higher salary an experienced CFO might expect.
When hiring for senior finance roles, businesses are looking
for candidates with commercial skills in finance leadership and
experience in developed markets. There is also pressure to find
qualified professionals for relations, business development and
fundraising roles.
New finance roles expected to arise from
technological advancements:
Business analysts
37%
ERP systems specialists
37 %
Risk managers
29 %
Financial advisers
28%
Tax specialists
25 %
Source: Independent Robert Half survey of more than 75 CFOs across the UAE.
ROBERT HALF
2O2O SALARY GUIDE | 14
TECHNICAL SKILLS IN DEMAND
•	 Financial analysis
•	 Finance business partnering
•	 Regulatory compliance
•	 Knowledge of the FinTech market
SOFT SKILLS IN DEMAND
•	 Strategic thinking
•	 Critical thinking
•	 Problem solving
•	 Multilingual
•	 FSRA/DFSA-authorised
compliance officers
•	 CFOs/heads of finance
•	 Risk managers
•	 Commercial accountants
•	 Investor relations
professionals
ROLES IN DEMAND
2O2O SALARY GUIDE | 15
ROBERT HALF
FINANCIAL SERVICES
SALARIES
© 2019 Robert Half International Inc.
JOB TITLE US$ MIN US$ MAX
Private equity and
asset management
Director 245,200 310,600
Vice President 196,200 245,200
Senior Associate 114,400 179,800
Associate 98,100 114,400
Analyst 58,900 81,700
M&A and investment
banking advisory
Managing Director 271,400 400,100
Director 238,700 322,100
Vice President 160,200 235,900
Associate 114,600 192,100
Analyst 58,900 106,800
Governance, risk,
and compliance
Head of Compliance 153,700 327,000
Compliance Manager 114,400 189,600
Compliance Officer (Onshore) 58,900 94,800
Compliance Officer (Offshore) 91,600 127,500
Anti-Money Laundering Specialist 71,900 122,600
KYC/CDD Manager 71,900 98,100
ROBERT HALF
2O2O SALARY GUIDE | 16
© 2019 Robert Half International Inc.
JOB TITLE US$ MIN US$ MAX
Governance, risk,
and compliance
(continued)
KYC/CDD Officer 45,800 62,100
Chief Risk Officer 294,300 490,500
Head of Risk Management 163,500 261,600
Credit Risk Manager 81,700 179,800
Market Risk Manager 98,100 189,600
Operational Risk Manager 98,100 156,900
Risk Analyst 58,800 91,600
Finance and accounting*
*For additional finance and accounting
roles, please see page 10.
Chief Financial Officer (CFO) 277,900 457,800
Finance Director 147,100 245,200
Financial Planning and Analysis 145,200 228,900
Financial Controller 147,100 238,700
Transaction and
wholesale banking
Head of Corporate/FI Banking 295,000 515,000
Senior Corporate/FI Relationship Manager 145,000 180,000
Corporate/FI Relationship Manager 99,000 153,000
Global markets
(FX, equities, and FICC)
Head of Trading/Portfolio Management 228,800 376,000
Senior Portfolio Manager 147,100 212,500
Portfolio Manager 98,100 147,100
Analyst 58,900 107,900
Head of FX Sales 140,600 196,200
FX Sales Manager 98,000 124,300
FX Sales 58,800 91,600
FINANCIAL
SERVICES
SALARIES
ROBERT HALF
2O2O SALARY GUIDE | 17
© 2019 Robert Half International Inc.
JOB TITLE US$ MIN US$ MAX
Insurance and reinsurance
underwriting
Underwriting Assistant 39,200 55,600
Assistant Underwriter 49,000 65,400
Business Development Manager 49,000 98,000
Underwriter 49,000 196,200
Head of Underwriting 130,800 294,300
Insurance and reinsurance
broking
Broker Technician 32,700 49,000
Business Development Manager 65,400 130,800
Head of Broking 130,800 294,300
Insurance and reinsurance
claims
Claims Assistant 32,700 49,000
Claims Handler 49,000 65,400
Claims Manager 65,400 130,800
Insurance and reinsurance
operations
Customer Services 32,700 49,000
Operations Assistant 39,200 55,600
Operations Team Leader 58,900 65,400
Business Analyst 65,400 81,700
Actuary 98,100 228,900
FINANCIAL
SERVICES
SALARIES
ROBERT HALF
2O2O SALARY GUIDE | 18
TECHNOLOGY
Hiring climate
The UAE technology hiring market is one of the most competitive,
due to the digitisation of services and the expansion of the
start-up ecosystem. Enterprise software and IT services are also
contributing factors, both of which have shown impressive growth
in recent months.8
Venture funding in UAE start-ups is also impacting the demand
for qualified technology talent. Total start-up funding in the MENA
region reached 31% in 2018 as more international investors
flooded to the UAE market, encouraged by government support.9
The result has been increased demand for software developers,
as businesses attempt to meet product development needs.
Data, digital transformation and modernisation are top priorities
for 2020, as businesses focus on growing revenue and market
share through technology adoption. To use gathered data and
prepare for digitisation, employers will be looking to increase
hiring into data and digital transformation roles.
The acceleration of digital transformation programmes has
caused an increase in demand for medium-to senior-level
8
Gartner Says Middle East and North Africa IT Spending to Reach $160 Billion in 2019, Gartner, 4 March 2019
9
2018 MENA Venture Investment Report, MAGNiTT, January 2019
candidates. This is a strategic choice that aims to bypass the
lengthy training that may be needed for junior IT professionals.
Technical knowledge won’t be limited to the tech team – sales
execs will also be expected to have a firm understanding of new
technology so they can successfully sell in the region. Payment
processes are now being affected by the rise of cryptocurrency
payments, causing many businesses to begin hiring for payment
experts with technical skills.
Salary trends
The global technology skills shortage is depleting Middle Eastern
firms of the high-quality talent they need. To help combat the
issue, employers can look to strengthen their appeal to overseas
talent by offering relocation assistance and cost-of-living support.
The war for technology talent can also be mitigated with regular
salary benchmarks. Technology roles are continually undergoing
rapid change, and salaries should reflect the responsibility, risk
and skill needed for each iteration.
ROBERT HALF
2O2O SALARY GUIDE | 19
2020 will be the year of data,
artificial intelligence, cyber security,
and continuous adoption of the latest
technologies to grow revenues.
— Kevin, Senior Manager, Dubai
ROBERT HALF
2O2O SALARY GUIDE | 20
TECHNICAL SKILLS IN DEMAND
•	 Full stack development
•	 AWS/Azure certifications
•	 Computer science MSc
•	 Project/programme management
SOFT SKILLS IN DEMAND
•	 Collaboration
•	 Problem-solving
•	 Adaptability
•	 Interpersonal skills
•	 Analytical skills
•	 Cyber security analysts
•	 Systems integrators
•	 Digital transformation
project managers
•	 Artificial intelligence
developers
•	 Heads of digital/digital
transformation
ROLES IN DEMAND
2O2O SALARY GUIDE | 21
ROBERT HALF
TECHNOLOGY SALARIES
© 2019 Robert Half International Inc.
JOB TITLE US$ MIN US$ MAX
Leadership Chief Information Officer (CIO) 196,200 343,300
Chief Technology Officer (CTO) 165,900 320,200
Chief Information Security Officer (CISO) 155,300 277,900
Chief Architect 160,200 228,900
Information Technology Manager >10 years’ experience 105,000 163,500
Information Technology Manager <10 years’ experience 71,900 130,800
Chief Digital Officer 170,800 261,600
IT security Security Engineer 82,000 130,200
Security Analyst 55,600 114,400
Applications Development Manager 98,100 162,900
Applications Developer 52,300 125,100
Techno Functional Consultant 75,200 117,700
Data Manager 130,800 212,500
Data Analyst 52,300 91,600
ROBERT HALF
2O2O SALARY GUIDE | 22
© 2019 Robert Half International Inc.
TECHNOLOGY
SALARIES
JOB TITLE US$ MIN US$ MAX
Business analysis and
project management
Business Systems Manager 114,400 157,900
Business Systems Analyst 55,600 135,700
Business Intelligence Manager 114,400 164,500
Business Intelligence Specialist 77,700 114,400
Project Management Officer (PMO) Head 130,800 179,800
Project/Programme Manager 91,600 138,100
IT Business Partner 111,200 163,900
Systems administration Systems Analyst 46,600 108,800
Systems Administrator 46,600 78,500
Technical Support Specialist 52,700 90,000
Database Administrator 46,600 94,800
Architecture Enterprise Architect 130,800 196,200
Networking Network Architect 130,800 169,600
Network Manager 81,700 147,000
Network Engineer 62,200 104,600
Network Administrator 59,100 91,600
ROBERT HALF
2O2O SALARY GUIDE | 23
HUMAN RESOURCES
AND ADMINISTRATION
Hiring climate
HR and administrative roles can expect a healthy surge in
hiring as new labour laws take hold in the UAE and digital
transformation projects require a personnel shift. As the number
of start-ups continues to grow within the UAE, executive assistants
and office managers find themselves in increasingly high demand.
Hiring for these positions is particularly challenging for businesses
in the public sector, in which 33% of CEOs said they struggled to
find skilled job candidates.
The same is true for talent management and acquisition roles,
which have increased within large multinational organisations as
they compete more aggressively for top talent. According to 51%
of large businesses, senior HR business partner’s and HR analysts
are a challenge to hire – this is compared with just 16% of small
businesses. HR professionals who specialise in compensation and
benefits packages are also in high demand.
HR teams are relied on to help businesses transition towards
digitalisation and will be expected to offer support as employees
ROBERT HALF
2O2O SALARY GUIDE | 24
ready themselves for the future of work. It is the HR team that will
bear part of the responsibility for identifying skills gaps and how
best to upskill employees.
Because HR teams are considered integral to the process of digital
transformation, businesses are looking for HR and administration
professionals with soft skills in change management. This is a
quality that 25% of CFOs believe will rise in demand within the
next three years.
Industries showing the strongest demand in the coming year
are legal, insurance, banking and management consultancies.
Because HR roles are both essential and hard to hire for,
experienced senior professionals can enjoy competitive salary
offers and better job perks.
	 Compensation and benefits
professionals continue to be a key
hire for many UAE businesses; many
employers are increasing salaries to
ensure retention of top talent.
— Gill, Division Manager, Dubai
ROBERT HALF
2O2O SALARY GUIDE | 25
TECHNICAL SKILLS IN DEMAND
•	 UAE labour law experience
•	 Western degree/education
•	 Bilingual (English and Arabic)
•	 CIPD qualified
SOFT SKILLS IN DEMAND
•	 Change management
•	 Emotional intelligence
•	 Leadership
•	 Critical observation
•	 Executive assistants/
personal assistants
•	 Legal secretaries
•	 Talent acquisition
specialists
•	 Office managers
•	 HR business partners
POSITIONS IN DEMAND
2O2O SALARY GUIDE | 26
ROBERT HALF
HUMAN RESOURCES AND
ADMINISTRATION SALARIES
© 2019 Robert Half International Inc.
* Please note: salaries vary
based on sector and coverage,
with banking, financial services,
government, established
family businesses and global
coverage roles paying slightly
higher than market rate.
JOB TITLE US$ MIN US$ MAX
Human resources HR Director 163,500 255,000
Head of HR 114,400 147,100
Regional HR Manager 81,700 114,600
HR Manager/HR Business Partner 65,400 98,000
Senior HR Officer/Junior HR Business Partner 45,300 65,400
Chief Digital Officer 30,700 49,000
Recruitment Head of Recruitment 126,500 147,100
Recruitment Manager 65,300 98,100
Recruitment Specialist 39,200 58,900
Learning and development Head of Learning and Development 130,500 147,100
Talent/Organisational Development Manager 124,200 130,800
Learning and Development Manager 76,800 81,700
Compensation and benefits
human resources
Head of Compensation and Benefits 147,100 163,500
Compensation and Benefits Manager 81,700 98,100
HR Analytics/Rewards Analyst 42,500 49,000
Administration Executive Assistant 65,400 98,000
Personal Assistant 49,000 65,400
Office Manager 65,400 81,700
ROBERT HALF
2O2O SALARY GUIDE | 27
LEGAL
Hiring climate
The legal landscape is changing for businesses in the wake of new
developments within financial regulations, FinTech and dispute
resolution. The UAE is steadily modernising legal approaches,
staying the course for global best practice. The burgeoning retail
market has seen a rise in commercial disputes, which has also
served to increase hiring within legal.
Legal professionals with 5–8 years’ post-qualification experience
can expect good mid-level job opportunities, as can bilingual
candidates, who are needed to support Arabic contract reviews
and drafting. Many firms are openly seeking magic circle-trained
lawyers but will need to review salary benchmarks if they’re to
attract top international candidates to their firms.
The industries showing the strongest demand for qualified legal
professionals are semi-government/government entities and
family conglomerates, which are expected to continue showing
robust hiring for these roles until 2020.
	 Head of Legal is one of the most
sought-after roles in the current
market, following on from last years
increase in the number of companies
seeking to bring lawyers in-house.
— Charlie, Division Manager, Dubai
ROBERT HALF
2O2O SALARY GUIDE | 28
TECHNICAL SKILLS IN DEMAND
•	 LLB/LLM degree qualified
•	 Arabic speaking
•	 Drafting in local language
•	 Knowledge of local laws and procedures
SOFT SKILLS IN DEMAND
•	 Effective communication
•	 High personal integrity
•	 Confidence and persistence
•	 Analytical and logical reasoning
•	 Associates
•	 Senior associates
•	 Legal counsel
•	 Senior legal counsel
•	 Heads of legal
POSITIONS IN DEMAND
2O2O SALARY GUIDE | 29
ROBERT HALF
LEGAL SALARIES
© 2019 Robert Half International Inc.
JOB TITLE US$ MIN US$ MAX
Private practice Managing Partner/Senior Partner 275,000 400,000
Partner 210,500 300,000
Senior Associate 160,000 250,000
Associate 80,500 175,000
Junior Associate 55,000 100,000
Knowledge Manager 63,000 120,000
Paralegal 40,000 100,000
In-house Chief Legal Officer/Head of Legal/General Counsel 260,000 425,000
Regional Legal Counsel 212,500 229,000
Legal Manager 150,500 204,500
Legal Counsel 6-9 years’ experience 163,500 220,500
Legal Counsel 3-5 years’ experience 89,000 155,500
Legal Counsel 0-2 years’ experience 65,500 98,000
Paralegal 64,000 91,500
Legal Assistant 46,000 65,000
ROBERT HALF
2O2O SALARY GUIDE | 30
For 13% of employers, salary is a barrier to securing the top
professionals. To ensure they can still compete, many have begun
to offer career progression opportunities to attract talent. This is
an appealing benefit for junior-and mid-level candidates, but may
not be as effective when trying to secure highly skilled talent.
Flexible working options have become a staple remuneration
offering in today’s hiring market. Almost every candidate is
requesting this as a benefit or expecting it as part of an existing
package – this is true of entry-level positions as well as more
experienced workers.
Some businesses are opting to make the most of unique perks
and benefits, such as enhanced paternity pay and extended
annual leave for top performers, in a bid to compete for talent
when larger salaries can’t be offered. Our research found 19%
of businesses don’t think they offer enough unique perks and
benefits compared with competitors, which these businesses
believe is putting them at a disadvantage.
ADDITIONAL
REMUNERATION TRENDS
ROBERT HALF
2O2O SALARY GUIDE | 31
Wellness packages are also a desirable benefit. More than four
in five (81%) employees said the offer of a workplace wellness
initiative would help them choose between two employers – a
figure that spiked to 85% among the millennial workforce.10
Unique benefits are key
For 20% of large businesses, a lack of exciting benefits is
one of the biggest barriers to filling open roles. Medium-
sized businesses are more likely to include unique perks
and benefits to gain advantage in the hiring market.
Small businesses
Medium businesses
Large businesses
10%
9%
20%
10
What matters to employees – more money or better perks? Arabian Business, October 2018
Hiring managers planning
to offer training to new
employees as an incentive
CEOs planning to
enhance benefits to
attract top talent
36% 28%
ROBERT HALF
2O2O SALARY GUIDE | 32
Brazil
Austria
Belgium
France
Germany
Luxembourg
Netherlands
Switzerland
United Kingdom
Australia
Canada
United States of America
Chile
Japan
China
Hong Kong
New Zealand
United
Arab
Emirates Singapore
WHERE WE ARE LOCATED
Robert Half has
more than 300 office
locations worldwide.
ROBERT HALF
2O2O SALARY GUIDE | 33
Robert Half is the world’s first and largest specialised recruitment
consultancy and a member of the S&P 500. Founded in 1948, the
company has over 300 offices worldwide providing permanent
recruitment solutions for accounting and finance, financial services,
technology, legal, human resources and office support professionals.
Robert Half is also the parent company of Protiviti, a global
business-consulting firm that helps companies solve problems in
finance, technology, operations, governance, risk and internal audit.
Research methodology
The starting salary figures are based on a number of sources,
most notably the thousands of placements our recruiting
professionals make each year. Our experts interact with hiring
managers and candidates daily, which gives us unique, real-world
insights into the latest salary and benefits trends.
ABOUT ROBERT HALF
The figures shown are representative of the national average.
Robert Half recommends that employers complete their
remuneration package offering by factoring in other benefits
and incentives.
This report is based on annual studies developed by Robert
Half UAE and conducted by an independent research firm.
The study is based on more than 75 interviews with CFOs and
200 responses from hiring managers from across the UAE. The
results are segmented by size, sector and geographic location.
Please contact us to discuss the hiring and
salary trends for your specific hiring needs.
ROBERT HALF
2O2O SALARY GUIDE | 34
FIND THE RIGHT FIT
You don’t need just any candidate.
You need one who matches your unique
job requirements and corporate culture.
Let Robert Half help you find the right fit.
START HIRING
© 2019 Robert Half. RH-0919-UAE-ENG
Disclaimer: To the best of our knowledge, the information contained herein is accurate and reliable as of the date of publication.
roberthalf.ae
Robert Half®
Finance & Accounting
Robert Half®
Financial Services
Robert Half®
Technology
Robert Half®
Human Resources
Robert Half®
Legal
Dubai
Dubai International Financial Centre (DIFC)
Gate Village 1, Level 1, Office Unit 104
P.O. Box 482100
Dubai
United Arab Emirates
Abu Dhabi
Sky Tower, Floor 23
Al Reem Island
P.O. Box 5101036
Abu Dhabi
United Arab Emirates
+971 4 382 6700

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Robert half-uae 2020-salary-guide

  • 1. FPO Need to extend for the iapdf format
  • 2. Please contact us to discuss the hiring and salary trends for your specific hiring needs.
  • 3. CONTENTS Key trends affecting hiring 3 Message from the Associate Director 2 Accounting and finance Hiring climate 7 Remuneration trends 6 The Salary Guide is solely for noncommercial use, and the copyright is the exclusive property of Robert Half International Inc. This guide cannot be reproduced or disseminated in any part without Robert Half’s written permission. © 2019 Robert Half International Inc. Human resources and administration Hiring climate 24 Additional remuneration trends 31 Legal Hiring climate 28 Legal Salaries (national averages) 30 Human resources and administration Salaries (national averages) 27 Where we are located 33 About Robert Half 34 Financial services Hiring climate 13 Technology Hiring climate 19 Financial services Salaries (national averages) 16 Accounting and finance Salaries (national averages) 10 Technology Salaries (national averages) 22 ROBERT HALF 2O2O SALARY GUIDE | 1
  • 4. The future of work is within sight. New technology, geopolitical changes and the ongoing skills shortage are affecting organisations across the globe, and emerging markets such as the UAE will need to adapt to be successful in the new working world. Automation and AI (artificial intelligence) have become key in supporting businesses as they strive to improve operations, speed and insights. Quality candidates with in-demand digital skills often receive multiple job offers, prompting businesses to adopt far more competitive strategies to attract them. Our 2020 Salary Guide gives you insights into emerging hiring trends and salary benchmarks, to help you gain a competitive edge, and includes guidance on retaining and upskilling existing workforces. Our salary forecasts are based on the significant number of job placements we make every year. Combined with our knowledge of labour market conditions, this means we can give you a head start as you plan headcount and hiring budgets in the year ahead. For more information regarding recruitment trends and salaries in your region, please contact us on +971 4 382 6700. Gareth El Mettouri Associate Director, Robert Half UAE MESSAGE FROM THE ASSOCIATE DIRECTOR ROBERT HALF 2O2O SALARY GUIDE | 2
  • 5. many, this will include the modernisation of internal processes to feature automation and more sophisticated platforms that could significantly reduce task times. AI, automation and the future of work The impact of technology on the future of work will be significant for both employers and workers alike. As new technology begins to infiltrate business processes, the roles of tomorrow begin to evolve. Approaches to hiring have shifted, with employers now putting more emphasis on the soft skills needed for digital work environments. Our research found that communication, strategic thinking and adaptability will rise to prominence in the next few years as workforces change to meet the new challenges that technology presents. Optimism returns to the GCC The future is looking bright for the Gulf Cooperation Council (GCC) region, as oil prices, retail and infrastructure investments bolster optimism in business leaders. UAE consumers have absorbed the impact of the VAT introduction and are beginning to spend more freely, and confidence levels are up by 54%.1 The World Expo 2020 remains a main driver of confidence, reputation and economic growth for Dubai.2 Tourism to the region will provide a healthy boost in revenue for the leisure, retail and hospitality sectors, as well as additional operational spending and the job creation connected to it. The event provides further support for economic diversification away from oil and into other more sustainable sectors. Although confidence is high and good growth is predicted, business leaders could struggle to hit targets amid the global skills shortage. The majority of chief executive officers (CEOs) in the Middle East are struggling to find qualified talent to fill open roles. At the risk of falling behind, two-thirds (68%) of CEOs are expected to prioritise operational efficiencies over the next 12 months.3 For KEY TRENDS AFFECTING HIRING Business leaders we speak to are confident they will achieve revenue growth over the next three years. — Darren, Senior Manager, Dubai 1 More UAE consumers upbeat about finances, economy; confidence levels up 54%: Gulf News, January 2019 2 UAE economy to grow 3 per cent in 2020: Gulf News, May 2019 3 PwC Annual Global CEO Survey ROBERT HALF 2O2O SALARY GUIDE | 3
  • 6. Workplace digitalisation will also require a change in leadership tactics. According to UAE business leaders, good leadership is the most sought-after soft skill for the digital workplace. The most in-demand executives will be those who can foster resilience in workers and can support and maintain a forward-looking company culture. Our survey results show that 46% of UAE business leaders feel the introduction of technology into the workplace has helped employees expand their skills. It has also helped facilitate better work–life balance and has increased productivity. Despite a positive outlook overall, business leaders believe resistance to change and a lack of access to digital skills training could prevent progress. To launch planned initiatives via technology, organisations will need to focus on fostering a company culture that encourages resilience and supports learning to facilitate change. of CEOs struggle to find qualified professionals 83% Top three skills for a digital future 1. Technological understanding (63%) 2. Communication skills (52%) 3. Technical know-how (51%) ROBERT HALF 2O2O SALARY GUIDE | 4
  • 7. Increased ease of doing business for foreigners A series of new UAE government initiatives has been announced with the aim of increasing the appeal of the UAE for foreign investment and expats. These include initiatives such as offering 100% foreign ownership across 13 sectors.4 And in Abu Dhabi, foreigners5 are now entitled to own the freehold of land and properties purchased in investment zones. Expats are enjoying a more settled and long-term outlook regarding their careers in the UAE, and investors and entrepreneurs have the option to apply for a 10-year residency. These initiatives are being offered in an attempt to attract more expat talent to the region. Entrepreneurial boom The UAE region is in the middle of an entrepreneurial boom that has seen significant growth in FinTech and e-commerce start-ups. The Middle East and North Africa (MENA) e-commerce market is expected to triple in value by 20206 , and the FinTech market is predicted to reach $125 million (£97 million) in growth by 2022.7 Entrepreneurial confidence has been bolstered by Uber’s acquisition of Careem, the deal between Souq and Amazon and by the new incentive allowing 100% ownership by foreign companies. Dubai Expo 2020 is another driver of entrepreneurial success, prompting a hiring boost in events, hospitality and service/supplies businesses. As the start-up culture in the UAE continues to thrive, qualified accounting and finance candidates have become scarce as new FinTech businesses rush to hire experienced professionals to help guide them. Because of this, 32% of small businesses in the UAE are struggling to hire the accounting talent they need. 4 Khaleej Times, July 2019 5 Arabian Business, July 2019 6 Google Report: E-Commerce in Middle East Set for Strong Growth, FinTech Middle East, March 2019 7 MENA: Fintech Makes Its Mark, Global Finance, February 2019 Top concerns for UAE managers in 2020 Cash flow management 52% Talent attraction and retention 47 % Delivering growth 44 % Regulatory issues 41% Access to investment financing 33 % Source: Independent Robert Half survey of more than 75 CFOs across the UAE. ROBERT HALF 2O2O SALARY GUIDE | 5
  • 8. Please contact us to discuss the hiring and salary trends for your specific hiring needs. Although passive candidates are usually content to stay within their current roles, many have said they would consider another offer if there were a considerable salary increase or the opportunity for career progression. The offer of a promotion is a particularly powerful retention tool, as 67% of senior business leaders claim they have denied an employee promotion in the past three years. The power of a competitive salary also hasn’t gone unnoticed by employers, 32% of whom have stated they increased their base offering to help fill a vacant role. Training and development remain a key consideration for candidates in the current hiring market, as professionals strive to keep skill sets up to date and advantageous. In response, 52% of UAE business leaders are planning in-person training sessions for new technologies, and 50% plan to facilitate knowledge transfer from subject-matter experts. Over a third of employers (34%) have used the offer of training to entice a new hire to their ranks. As in previous years, one of the most requested benefits is flexible working. This can take the form of work-from-home days, condensed working hours or negotiable schedules. Candidates at all experience levels, from junior to senior, are requesting flexible working during the interview process. The option to spend more time with family is also an attractive prospect for expats, and the offer of flexible working could help organisations attract top talent from overseas. REMUNERATION TRENDS 2O2O SALARY GUIDE | 6 ROBERT HALF
  • 9. ACCOUNTING AND FINANCE Hiring climate The UAE has established itself as a haven for start-ups. Many of these are seeking qualified finance and accounting professionals with experience in establishing and developing finance processes, who are also comfortable sitting within advisory roles regarding growth and investment. Demand for financial planning and analysis roles has risen in response, with 39% of business leaders struggling to find qualified talent, making it the most challenging accounting and finance role to hire for. Within multinational corporations, businesses are still focused on filling vacancies rather than creating new roles. As capital expenditure returns to budgets in 2020, headcount is expected to increase to bring additional resources into alignment with investment. Market regulation and consumer protection have become a point of focus as the UAE strives for global best practice. This shift has increased hiring for internal audit and risk/ compliance roles, which businesses are struggling to hire for. ROBERT HALF 2O2O SALARY GUIDE | 7
  • 10. The telecommunications, aviation and technology industries are showing the highest signs of demand overall. They are expected to continue on this trajectory until 2020. Because the talent shortage threatens hiring plans across the accounting and finance sector, some organisations are opting to hire newly qualified professionals, who can add value via a fierce determination to succeed and the application of fresh training. Salary trends Although salary increases are being awarded in some large organisations, many employers are struggling to move beyond their existing salary bandings. Despite this, employers can expect to continue seeing an influx of new expat candidates, who continue to move to the region. Hiring managers who aren’t able to offer a higher salary are attracting top talent by flexing the benefits and perks offered as part of the remuneration package. The most popular benefit offered is flexible working in the form of flexible schedules, compressed working hours and the option to work from home. Training is also an attractive benefit and is being offered by 41% of chief financial officers (CFOs). of CFOs offer training as part of the remuneration package 41% 2O2O SALARY GUIDE | 8 ROBERT HALF
  • 11. TECHNICAL SKILLS IN DEMAND • ACCA/CIMA/ACA newly qualified (≤5 years’ experience) • ACCA/CIMA/ACA 3–5 years part-qualified • Bilingual language skills – Arabic and English • Financial modelling • Private equity experience SOFT SKILLS IN DEMAND • Analytical ability • Business partnering • Change management • Effective communication skills • Influence • Chief financial officers • Financial analysts • Finance directors • Management accountants • Financial planning and analysis managers ROLES IN DEMAND 2O2O SALARY GUIDE | 9 ROBERT HALF
  • 12. ACCOUNTING AND FINANCE SALARIES TITLE COMPANY SIZE US$ MIN US$ MAX Chief Financial Officer (CFO) SME 196,100 438,900 Large Company 228,900 450,450 Finance Director SME 163,500 228,800 Large Company 178,000 312,900 Financial Controller SME 81,700 164,500 Large Company 125,900 212,400 Chief Accountant SME 75,000 135,000 Large Company 110,000 140,000 Financial Planning and Analysis Director SME 137,100 176,800 Large Company 154,500 217,800 Financial Planning and Analysis Manager SME 82,200 123,500 Large Company 98,000 147,300 Treasurer Director SME 163,500 245,200 Large Company 196,200 261,600 Treasurer SME 129,300 173,300 Large Company 147,100 222,300 © 2019 Robert Half International Inc. ROBERT HALF 2O2O SALARY GUIDE | 10
  • 13. ACCOUNTING AND FINANCE SALARIES © 2019 Robert Half International Inc. TITLE COMPANY SIZE US$ MIN US$ MAX Finance Manager SME 103,000 165,000 Large Company 98,100 194,500 Tax Director SME 115,500 265,100 Large Company 137,500 294,300 Tax Manager SME 81,200 101,500 Large Company 83,100 139,200 Senior Tax Associate SME 60,900 71,200 Large Company 61,200 84,500 Financial Analyst SME 42,600 87,300 Large Company 59,300 92,100 Compliance Director SME 105,900 137,200 Large Company 121,000 184,200 Compliance Manager SME 80,400 102,300 Large Company 101,800 116,200 Audit Manager SME 124,600 199,300 Large Company 135,900 241,000 Senior Internal Auditor SME 78,300 121,400 Large Company 80,400 136,300 Internal Auditor SME 54,300 72,100 Large Company 62,300 70,400 ROBERT HALF 2O2O SALARY GUIDE | 11
  • 14. ACCOUNTING AND FINANCE SALARIES © 2019 Robert Half International Inc. TITLE COMPANY SIZE US$ MIN US$ MAX Management Accountant ≥5 years’ experience SME 79,300 113,000 Large Company 75,300 121,900 Management Accountant ≤5 years’ experience SME 61,400 99,400 Large Company 71,900 91,300 Payroll Manager SME 74,200 99,300 Large Company 79,400 109,300 Credit Manager SME 69,300 101,900 Large Company 81,200 108,400 Credit Controller SME 47,800 59,800 Large Company 53,400 63,000 General Ledger Accountant ≥5 years’ experience SME 69,400 112,000 Large Company 81,500 119,000 General Ledger Accountant ≤5 years’ experience SME 64,900 89,300 Large Company 64,200 99,900 Accounts Payable/Accounts Receivable Manager SME 68,000 107,400 Large Company 76,400 117,700 Accounts Payable/Accounts Receivable Accountant SME 29,500 69,300 Large Company 35,000 72,100 ROBERT HALF 2O2O SALARY GUIDE | 12
  • 15. FINANCIAL SERVICES Hiring climate Hiring in the financial services sector is trending upwards. Stable oil prices have increased confidence and investments from sovereign and government institutions continue to roll in, to the benefit of all markets – especially banking. Although many larger organisations still have hiring freezes in place, there are plenty of opportunities in the growing start-up community, most notably among FinTech companies. Regional buy-side firms – private equity, family offices, sovereign wealth and so on – are attempting to navigate portfolios through a challenging market at present. This has prompted them to seek finance candidates with strong strategic and commercial skills. Demand for trade licences in the UAE’s offshore financial jurisdictions has led to a hiring push for compliance professionals. Businesses are particularly interested in candidates with experience operating as the authorised individual for firms regulated by the Financial Services Regulatory Authority (FSRA) or the Dubai Financial Services Authority (DFSA). ROBERT HALF 2O2O SALARY GUIDE | 13
  • 16. A number of new roles have emerged in finance due to technological advancements in business processes. Business analysts, enterprise resource planning (ERP) systems specialists, risk managers and financial advisers are some of the emerging roles that businesses plan to start hiring for in the coming year. The current economic and political climate in the UAE may dampen overseas job seekers’ enthusiasm for relocation, but new government incentives (such as the offer of long-term visas) have removed emigration roadblocks and have made it easier and more affordable for businesses to access and retain qualified professionals. Salary trends The highest salaries are being offered to mid- to senior-level candidates due to the lack of qualified talent in the current hiring market. When hiring for compliance roles, employers are typically looking for candidates with 4–7 years’ experience. This is a strategic move, as these candidates will have enough experience to hold authorised individual status, without commanding the higher salaries of a more experienced or senior professional. Many businesses are choosing to promote existing staff to senior finance positions, such as deputy CFO or corporate controller. This allows businesses to retain good talent while avoiding the higher salary an experienced CFO might expect. When hiring for senior finance roles, businesses are looking for candidates with commercial skills in finance leadership and experience in developed markets. There is also pressure to find qualified professionals for relations, business development and fundraising roles. New finance roles expected to arise from technological advancements: Business analysts 37% ERP systems specialists 37 % Risk managers 29 % Financial advisers 28% Tax specialists 25 % Source: Independent Robert Half survey of more than 75 CFOs across the UAE. ROBERT HALF 2O2O SALARY GUIDE | 14
  • 17. TECHNICAL SKILLS IN DEMAND • Financial analysis • Finance business partnering • Regulatory compliance • Knowledge of the FinTech market SOFT SKILLS IN DEMAND • Strategic thinking • Critical thinking • Problem solving • Multilingual • FSRA/DFSA-authorised compliance officers • CFOs/heads of finance • Risk managers • Commercial accountants • Investor relations professionals ROLES IN DEMAND 2O2O SALARY GUIDE | 15 ROBERT HALF
  • 18. FINANCIAL SERVICES SALARIES © 2019 Robert Half International Inc. JOB TITLE US$ MIN US$ MAX Private equity and asset management Director 245,200 310,600 Vice President 196,200 245,200 Senior Associate 114,400 179,800 Associate 98,100 114,400 Analyst 58,900 81,700 M&A and investment banking advisory Managing Director 271,400 400,100 Director 238,700 322,100 Vice President 160,200 235,900 Associate 114,600 192,100 Analyst 58,900 106,800 Governance, risk, and compliance Head of Compliance 153,700 327,000 Compliance Manager 114,400 189,600 Compliance Officer (Onshore) 58,900 94,800 Compliance Officer (Offshore) 91,600 127,500 Anti-Money Laundering Specialist 71,900 122,600 KYC/CDD Manager 71,900 98,100 ROBERT HALF 2O2O SALARY GUIDE | 16
  • 19. © 2019 Robert Half International Inc. JOB TITLE US$ MIN US$ MAX Governance, risk, and compliance (continued) KYC/CDD Officer 45,800 62,100 Chief Risk Officer 294,300 490,500 Head of Risk Management 163,500 261,600 Credit Risk Manager 81,700 179,800 Market Risk Manager 98,100 189,600 Operational Risk Manager 98,100 156,900 Risk Analyst 58,800 91,600 Finance and accounting* *For additional finance and accounting roles, please see page 10. Chief Financial Officer (CFO) 277,900 457,800 Finance Director 147,100 245,200 Financial Planning and Analysis 145,200 228,900 Financial Controller 147,100 238,700 Transaction and wholesale banking Head of Corporate/FI Banking 295,000 515,000 Senior Corporate/FI Relationship Manager 145,000 180,000 Corporate/FI Relationship Manager 99,000 153,000 Global markets (FX, equities, and FICC) Head of Trading/Portfolio Management 228,800 376,000 Senior Portfolio Manager 147,100 212,500 Portfolio Manager 98,100 147,100 Analyst 58,900 107,900 Head of FX Sales 140,600 196,200 FX Sales Manager 98,000 124,300 FX Sales 58,800 91,600 FINANCIAL SERVICES SALARIES ROBERT HALF 2O2O SALARY GUIDE | 17
  • 20. © 2019 Robert Half International Inc. JOB TITLE US$ MIN US$ MAX Insurance and reinsurance underwriting Underwriting Assistant 39,200 55,600 Assistant Underwriter 49,000 65,400 Business Development Manager 49,000 98,000 Underwriter 49,000 196,200 Head of Underwriting 130,800 294,300 Insurance and reinsurance broking Broker Technician 32,700 49,000 Business Development Manager 65,400 130,800 Head of Broking 130,800 294,300 Insurance and reinsurance claims Claims Assistant 32,700 49,000 Claims Handler 49,000 65,400 Claims Manager 65,400 130,800 Insurance and reinsurance operations Customer Services 32,700 49,000 Operations Assistant 39,200 55,600 Operations Team Leader 58,900 65,400 Business Analyst 65,400 81,700 Actuary 98,100 228,900 FINANCIAL SERVICES SALARIES ROBERT HALF 2O2O SALARY GUIDE | 18
  • 21. TECHNOLOGY Hiring climate The UAE technology hiring market is one of the most competitive, due to the digitisation of services and the expansion of the start-up ecosystem. Enterprise software and IT services are also contributing factors, both of which have shown impressive growth in recent months.8 Venture funding in UAE start-ups is also impacting the demand for qualified technology talent. Total start-up funding in the MENA region reached 31% in 2018 as more international investors flooded to the UAE market, encouraged by government support.9 The result has been increased demand for software developers, as businesses attempt to meet product development needs. Data, digital transformation and modernisation are top priorities for 2020, as businesses focus on growing revenue and market share through technology adoption. To use gathered data and prepare for digitisation, employers will be looking to increase hiring into data and digital transformation roles. The acceleration of digital transformation programmes has caused an increase in demand for medium-to senior-level 8 Gartner Says Middle East and North Africa IT Spending to Reach $160 Billion in 2019, Gartner, 4 March 2019 9 2018 MENA Venture Investment Report, MAGNiTT, January 2019 candidates. This is a strategic choice that aims to bypass the lengthy training that may be needed for junior IT professionals. Technical knowledge won’t be limited to the tech team – sales execs will also be expected to have a firm understanding of new technology so they can successfully sell in the region. Payment processes are now being affected by the rise of cryptocurrency payments, causing many businesses to begin hiring for payment experts with technical skills. Salary trends The global technology skills shortage is depleting Middle Eastern firms of the high-quality talent they need. To help combat the issue, employers can look to strengthen their appeal to overseas talent by offering relocation assistance and cost-of-living support. The war for technology talent can also be mitigated with regular salary benchmarks. Technology roles are continually undergoing rapid change, and salaries should reflect the responsibility, risk and skill needed for each iteration. ROBERT HALF 2O2O SALARY GUIDE | 19
  • 22. 2020 will be the year of data, artificial intelligence, cyber security, and continuous adoption of the latest technologies to grow revenues. — Kevin, Senior Manager, Dubai ROBERT HALF 2O2O SALARY GUIDE | 20
  • 23. TECHNICAL SKILLS IN DEMAND • Full stack development • AWS/Azure certifications • Computer science MSc • Project/programme management SOFT SKILLS IN DEMAND • Collaboration • Problem-solving • Adaptability • Interpersonal skills • Analytical skills • Cyber security analysts • Systems integrators • Digital transformation project managers • Artificial intelligence developers • Heads of digital/digital transformation ROLES IN DEMAND 2O2O SALARY GUIDE | 21 ROBERT HALF
  • 24. TECHNOLOGY SALARIES © 2019 Robert Half International Inc. JOB TITLE US$ MIN US$ MAX Leadership Chief Information Officer (CIO) 196,200 343,300 Chief Technology Officer (CTO) 165,900 320,200 Chief Information Security Officer (CISO) 155,300 277,900 Chief Architect 160,200 228,900 Information Technology Manager >10 years’ experience 105,000 163,500 Information Technology Manager <10 years’ experience 71,900 130,800 Chief Digital Officer 170,800 261,600 IT security Security Engineer 82,000 130,200 Security Analyst 55,600 114,400 Applications Development Manager 98,100 162,900 Applications Developer 52,300 125,100 Techno Functional Consultant 75,200 117,700 Data Manager 130,800 212,500 Data Analyst 52,300 91,600 ROBERT HALF 2O2O SALARY GUIDE | 22
  • 25. © 2019 Robert Half International Inc. TECHNOLOGY SALARIES JOB TITLE US$ MIN US$ MAX Business analysis and project management Business Systems Manager 114,400 157,900 Business Systems Analyst 55,600 135,700 Business Intelligence Manager 114,400 164,500 Business Intelligence Specialist 77,700 114,400 Project Management Officer (PMO) Head 130,800 179,800 Project/Programme Manager 91,600 138,100 IT Business Partner 111,200 163,900 Systems administration Systems Analyst 46,600 108,800 Systems Administrator 46,600 78,500 Technical Support Specialist 52,700 90,000 Database Administrator 46,600 94,800 Architecture Enterprise Architect 130,800 196,200 Networking Network Architect 130,800 169,600 Network Manager 81,700 147,000 Network Engineer 62,200 104,600 Network Administrator 59,100 91,600 ROBERT HALF 2O2O SALARY GUIDE | 23
  • 26. HUMAN RESOURCES AND ADMINISTRATION Hiring climate HR and administrative roles can expect a healthy surge in hiring as new labour laws take hold in the UAE and digital transformation projects require a personnel shift. As the number of start-ups continues to grow within the UAE, executive assistants and office managers find themselves in increasingly high demand. Hiring for these positions is particularly challenging for businesses in the public sector, in which 33% of CEOs said they struggled to find skilled job candidates. The same is true for talent management and acquisition roles, which have increased within large multinational organisations as they compete more aggressively for top talent. According to 51% of large businesses, senior HR business partner’s and HR analysts are a challenge to hire – this is compared with just 16% of small businesses. HR professionals who specialise in compensation and benefits packages are also in high demand. HR teams are relied on to help businesses transition towards digitalisation and will be expected to offer support as employees ROBERT HALF 2O2O SALARY GUIDE | 24
  • 27. ready themselves for the future of work. It is the HR team that will bear part of the responsibility for identifying skills gaps and how best to upskill employees. Because HR teams are considered integral to the process of digital transformation, businesses are looking for HR and administration professionals with soft skills in change management. This is a quality that 25% of CFOs believe will rise in demand within the next three years. Industries showing the strongest demand in the coming year are legal, insurance, banking and management consultancies. Because HR roles are both essential and hard to hire for, experienced senior professionals can enjoy competitive salary offers and better job perks. Compensation and benefits professionals continue to be a key hire for many UAE businesses; many employers are increasing salaries to ensure retention of top talent. — Gill, Division Manager, Dubai ROBERT HALF 2O2O SALARY GUIDE | 25
  • 28. TECHNICAL SKILLS IN DEMAND • UAE labour law experience • Western degree/education • Bilingual (English and Arabic) • CIPD qualified SOFT SKILLS IN DEMAND • Change management • Emotional intelligence • Leadership • Critical observation • Executive assistants/ personal assistants • Legal secretaries • Talent acquisition specialists • Office managers • HR business partners POSITIONS IN DEMAND 2O2O SALARY GUIDE | 26 ROBERT HALF
  • 29. HUMAN RESOURCES AND ADMINISTRATION SALARIES © 2019 Robert Half International Inc. * Please note: salaries vary based on sector and coverage, with banking, financial services, government, established family businesses and global coverage roles paying slightly higher than market rate. JOB TITLE US$ MIN US$ MAX Human resources HR Director 163,500 255,000 Head of HR 114,400 147,100 Regional HR Manager 81,700 114,600 HR Manager/HR Business Partner 65,400 98,000 Senior HR Officer/Junior HR Business Partner 45,300 65,400 Chief Digital Officer 30,700 49,000 Recruitment Head of Recruitment 126,500 147,100 Recruitment Manager 65,300 98,100 Recruitment Specialist 39,200 58,900 Learning and development Head of Learning and Development 130,500 147,100 Talent/Organisational Development Manager 124,200 130,800 Learning and Development Manager 76,800 81,700 Compensation and benefits human resources Head of Compensation and Benefits 147,100 163,500 Compensation and Benefits Manager 81,700 98,100 HR Analytics/Rewards Analyst 42,500 49,000 Administration Executive Assistant 65,400 98,000 Personal Assistant 49,000 65,400 Office Manager 65,400 81,700 ROBERT HALF 2O2O SALARY GUIDE | 27
  • 30. LEGAL Hiring climate The legal landscape is changing for businesses in the wake of new developments within financial regulations, FinTech and dispute resolution. The UAE is steadily modernising legal approaches, staying the course for global best practice. The burgeoning retail market has seen a rise in commercial disputes, which has also served to increase hiring within legal. Legal professionals with 5–8 years’ post-qualification experience can expect good mid-level job opportunities, as can bilingual candidates, who are needed to support Arabic contract reviews and drafting. Many firms are openly seeking magic circle-trained lawyers but will need to review salary benchmarks if they’re to attract top international candidates to their firms. The industries showing the strongest demand for qualified legal professionals are semi-government/government entities and family conglomerates, which are expected to continue showing robust hiring for these roles until 2020. Head of Legal is one of the most sought-after roles in the current market, following on from last years increase in the number of companies seeking to bring lawyers in-house. — Charlie, Division Manager, Dubai ROBERT HALF 2O2O SALARY GUIDE | 28
  • 31. TECHNICAL SKILLS IN DEMAND • LLB/LLM degree qualified • Arabic speaking • Drafting in local language • Knowledge of local laws and procedures SOFT SKILLS IN DEMAND • Effective communication • High personal integrity • Confidence and persistence • Analytical and logical reasoning • Associates • Senior associates • Legal counsel • Senior legal counsel • Heads of legal POSITIONS IN DEMAND 2O2O SALARY GUIDE | 29 ROBERT HALF
  • 32. LEGAL SALARIES © 2019 Robert Half International Inc. JOB TITLE US$ MIN US$ MAX Private practice Managing Partner/Senior Partner 275,000 400,000 Partner 210,500 300,000 Senior Associate 160,000 250,000 Associate 80,500 175,000 Junior Associate 55,000 100,000 Knowledge Manager 63,000 120,000 Paralegal 40,000 100,000 In-house Chief Legal Officer/Head of Legal/General Counsel 260,000 425,000 Regional Legal Counsel 212,500 229,000 Legal Manager 150,500 204,500 Legal Counsel 6-9 years’ experience 163,500 220,500 Legal Counsel 3-5 years’ experience 89,000 155,500 Legal Counsel 0-2 years’ experience 65,500 98,000 Paralegal 64,000 91,500 Legal Assistant 46,000 65,000 ROBERT HALF 2O2O SALARY GUIDE | 30
  • 33. For 13% of employers, salary is a barrier to securing the top professionals. To ensure they can still compete, many have begun to offer career progression opportunities to attract talent. This is an appealing benefit for junior-and mid-level candidates, but may not be as effective when trying to secure highly skilled talent. Flexible working options have become a staple remuneration offering in today’s hiring market. Almost every candidate is requesting this as a benefit or expecting it as part of an existing package – this is true of entry-level positions as well as more experienced workers. Some businesses are opting to make the most of unique perks and benefits, such as enhanced paternity pay and extended annual leave for top performers, in a bid to compete for talent when larger salaries can’t be offered. Our research found 19% of businesses don’t think they offer enough unique perks and benefits compared with competitors, which these businesses believe is putting them at a disadvantage. ADDITIONAL REMUNERATION TRENDS ROBERT HALF 2O2O SALARY GUIDE | 31
  • 34. Wellness packages are also a desirable benefit. More than four in five (81%) employees said the offer of a workplace wellness initiative would help them choose between two employers – a figure that spiked to 85% among the millennial workforce.10 Unique benefits are key For 20% of large businesses, a lack of exciting benefits is one of the biggest barriers to filling open roles. Medium- sized businesses are more likely to include unique perks and benefits to gain advantage in the hiring market. Small businesses Medium businesses Large businesses 10% 9% 20% 10 What matters to employees – more money or better perks? Arabian Business, October 2018 Hiring managers planning to offer training to new employees as an incentive CEOs planning to enhance benefits to attract top talent 36% 28% ROBERT HALF 2O2O SALARY GUIDE | 32
  • 35. Brazil Austria Belgium France Germany Luxembourg Netherlands Switzerland United Kingdom Australia Canada United States of America Chile Japan China Hong Kong New Zealand United Arab Emirates Singapore WHERE WE ARE LOCATED Robert Half has more than 300 office locations worldwide. ROBERT HALF 2O2O SALARY GUIDE | 33
  • 36. Robert Half is the world’s first and largest specialised recruitment consultancy and a member of the S&P 500. Founded in 1948, the company has over 300 offices worldwide providing permanent recruitment solutions for accounting and finance, financial services, technology, legal, human resources and office support professionals. Robert Half is also the parent company of Protiviti, a global business-consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit. Research methodology The starting salary figures are based on a number of sources, most notably the thousands of placements our recruiting professionals make each year. Our experts interact with hiring managers and candidates daily, which gives us unique, real-world insights into the latest salary and benefits trends. ABOUT ROBERT HALF The figures shown are representative of the national average. Robert Half recommends that employers complete their remuneration package offering by factoring in other benefits and incentives. This report is based on annual studies developed by Robert Half UAE and conducted by an independent research firm. The study is based on more than 75 interviews with CFOs and 200 responses from hiring managers from across the UAE. The results are segmented by size, sector and geographic location. Please contact us to discuss the hiring and salary trends for your specific hiring needs. ROBERT HALF 2O2O SALARY GUIDE | 34
  • 37. FIND THE RIGHT FIT You don’t need just any candidate. You need one who matches your unique job requirements and corporate culture. Let Robert Half help you find the right fit. START HIRING
  • 38. © 2019 Robert Half. RH-0919-UAE-ENG Disclaimer: To the best of our knowledge, the information contained herein is accurate and reliable as of the date of publication. roberthalf.ae Robert Half® Finance & Accounting Robert Half® Financial Services Robert Half® Technology Robert Half® Human Resources Robert Half® Legal Dubai Dubai International Financial Centre (DIFC) Gate Village 1, Level 1, Office Unit 104 P.O. Box 482100 Dubai United Arab Emirates Abu Dhabi Sky Tower, Floor 23 Al Reem Island P.O. Box 5101036 Abu Dhabi United Arab Emirates +971 4 382 6700