DOHA: A new Mena Labour Market Confidence Index has revealed that the majority of business leaders in the region have expressed stability and optimism for 2015. Half of the respondents (51 percent) believe 2015 will be as good as this year for employment, while 42 percent have expressed optimism for their organisations.
The flagship study was conceptualised by Informa, organisers of the upcoming HR Summit & Expo, running from October 20 to October 22 at the Dubai International Exhibition Centre.
The research was exclusively designed and led by The Talent Enterprise, the region’s premier human capital think-and-do tank. It focuses on understanding the labour market growth outlook from experts throughout the region on employment, wages, youth employability and nationalisation.
“We hope that the Labour Market Confidence Index helps inform and shape the overall policy and HR direction in our nations and organisations. The region currently faces some extraordinary opportunities and challenges with regards to its talent,” said Ramy Bayyour, Show Director of the HR Summit and Expo.
“With its projected levels of economic growth, an unprecedented increase in its youth population, some of the fastest rates of increase among female participation in the workplace in the world, and dramatically changing patterns of immigration, we are witnessing a laboratory for labour market reform.”
On announcing the results in Dubai, David Jones, Managing Director of The Talent Enterprise and labour market economist, said, “We are absolutely delighted with the overwhelming participation and interest in this study from leaders across the region. This is the single largest effort of its kind, unprecedented in scope and scale.”
Jones further added that the research, “Clearly highlights the role that HR professionals need to play in shaping the future of the region in terms of human capital development, especially in the UAE in preparation for Expo 2020. We need to build a resilient, skilled and diversified workforce contributing to all sectors of the economy.”The Peninsula
