This UAE industry is hiring the most this year
The consumer goods industry in the UAE recorded the highest growth on the Monster Employment Index (MEI) at an average year-on-year rise of 14 per cent in the first quarter of 2017, reaching a peak of 33 per cent growth in March compared March 2016.
The growth in consumer goods – including FMCG, food and packaged food, home appliances, garments, textiles, leather, gems and jewellery – comes amid an overall slowdown in online hiring across the nation with an average of 43 per cent year-on-year decline.
Workers in purchase/ logistics/ supply chain occupations saw the least decline over the same period with an average year-on-year decline of approximately one per cent.
Still doing well
Sanjay Modi, Managing Director, Monster.com – APAC & Middle East, said: “The results of the MEI in the first quarter of this year demonstrate that the consumer goods industry and procurement/ logistics/supply chain occupations are continuing to do well in the UAE.”
He added: “These are complementary findings as purchase/ logistics/ supply chain professionals are needed to help make consumer goods available to consumers, therefore, the results of online hiring in both these sectors suggest that consumer confidence remains positive and the appetite for consumer goods is still high.”
Among the industries to record the most decline were banking and financial services, insurance (BFSI) and retail, trade and logistics, with average declines of roughly 27 per cent and 25 per cent in online postings, respectively.
Finance and accounting were among the occupations to register the most decline, dropping approximately 48 per cent throughout Q1 2017.
Modi added: “The blatant difference in online hiring activity in the purchase/ logistics/ supply chain occupations and the retail/ trade /logistics industry suggests a trend towards in-house recruitment of professionals from these sectors.”
“That is, companies from different industries are looking to recruit staff to fulfill purchase/ logistics/ supply chain requirements and are becoming less reliant on retail/ trade /logistics companies,” he explained.
From the countries monitored by the MEI, based on a real-time review of job opportunities from a large representative selection of career web sites and online job listings, Oman registered the least decline with an average of about five per cent year-on-year decline.
At a regional level, online hiring rates in the consumer goods industry were the highest with an average of 17 per cent year-on-year growth during Q1, while the banking, financial services and insurance (BFSI) industry registered the highest decline of 40 per cent followed by hospitality at 36 per cent decline.
Across occupations in the region, purchase/ logistics/ supply chain registered the least decline at an average of three per cent throughout Q1 2017, closely followed by customer service at six per cent average year-on-year decline.
The lowest performing occupations in the MEI throughout Q1 2017 were finance/ accounting and HR/ admin at 54 and 48 per cent average year-on-year declines, respectively.