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Oil, gas, petrochemicals top industry in UAE

Oil, gas, petrochemicals top industry in UAE
Arecent Bayt.com "Top Industries in the Middle East and North Africa" survey conducted by Bayt.com, the Middle East’s number one job site, and YouGov, a research and consulting organization, has shown that respondents in the UAE consider the oil, gas and petrochemicals industry to be the most preferable for employment. Government careers are also thought of highly and attract more than half of the local talent, while women are predominantly interested in banking and finance, Gulf News reported.

In the UAE, 44 per cent of employed respondents are satisfied with the salary package in their current industry, while 47 per cent are satisfied with their ability to maintain a good work-life balance. They are also generally content with the potential for career growth (with 37 per cent being satisfied); job security (46 per cent); working hours (56 per cent); and training and development opportunities (40 per cent). 50 per cent are happy with their current work culture, which shows that UAE work environment is a happy one.

The best salary packages in the UAE are perceived to be in the oil, gas and petrochemicals industry (56 per cent); though government, civil services and utilities careers are also seen to pay well, according to 30 per cent. Government jobs are also seen as being the best for maintaining a good work-life balance (43 per cent), followed by oil, gas and petrochemicals (33 per cent) and banking and finance (24 per cent).

Oil, gas and petrochemicals offers the best potential for career growth according to the majority of respondents (44 per cent), with banking and finance coming second (26 per cent). The highest levels of job security are seen to be in government positions (42 per cent), though there is also a perceived high degree of security in oil, gas and petrochemicals (40 per cent) and military, defense, police and security services (20 per cent).

Respondents believe that the most stressful industries are construction (30 per cent), banking and finance (23 per cent), advertising, media, PR, market research and publishing (16 per cent), and oil, gas and petrochemicals (16 per cent). Construction is also considered to have the longest working hours, by a third of respondents (32 per cent).

Women in the UAE are most attracted to banking and finance according to 34 per cent of respondents, followed by education and academia (34 per cent), and healthcare, medical services and pharmaceuticals (28 per cent). Local talent is seem to be drawn predominantly to government, civil service and utilities jobs (55 per cent), military, defense, police or security services (35 per cent), and oil, gas and petrochemicals (29 per cent).

In the past year, respondents believe that the oil, gas and petrochemicals industry has seen the strongest growth (34 per cent), followed by real estate (22 per cent), and banking and finance (21 per cent).

According to 68 per cent of UAE respondents, the government is a favorable employer.

A fifth of UAE respondents (19 per cent) have changed the industry they work in in the last 24 months, with 57 per cent considering an industry change in the next few years. Oil, gas and petrochemicals is the industry of choice for 22 per cent, though government (12 per cent) and banking and finance (9 per cent) jobs are also popular. The top reasons for career changes are perceived better salaries (71 per cent), career growth opportunities (56 per cent), and better benefits (40 per cent).

Sundip Chahal, CEO, YouGov, said: “Within the UAE, it is very clear which industry is the most preferable, though interestingly the majority of regional respondents are keen to find employment in the IT, electronics and telecommunications industry rather than in oil, gas and petrochemicals..”

Data for the Bayt.com “Top Industries in the Middle East and North Africa” survey was collected online from November 18-25, 2013, with 7,370 respondents aged 18+, representing Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Pakistan, Qatar, KSA, Syria, Tunisia, and the UAE.