Identifier
Created
Classification
Origin
09MUSCAT1071
2009-12-09 13:05:00
UNCLASSIFIED
Embassy Muscat
Cable title:
OMANI SALARY INCREASES HIGHEST IN GCC
how-toVZCZCXRO1366 RR RUEHDE DE RUEHMS #1071 3431305 ZNR UUUUU ZZH R 091305Z DEC 09 FM AMEMBASSY MUSCAT TO RUEHC/SECSTATE WASHDC 1029 INFO GULF COOPERATION COUNCIL COLLECTIVE RUCPDOC/DEPT OF COMMERCE WASHINGTON DC
UNCLAS MUSCAT 001071
SIPDIS
HR/OE PLEASE PASS TO SHEMBY AND KHARRISON.
NEA/EX PLEASE PASS TO ECARY
E.O. 12958: N/A
TAGS: ECON ELAB AMGT AFSN MU
SUBJECT: OMANI SALARY INCREASES HIGHEST IN GCC
UNCLAS MUSCAT 001071
SIPDIS
HR/OE PLEASE PASS TO SHEMBY AND KHARRISON.
NEA/EX PLEASE PASS TO ECARY
E.O. 12958: N/A
TAGS: ECON ELAB AMGT AFSN MU
SUBJECT: OMANI SALARY INCREASES HIGHEST IN GCC
1. (U) This week Middle East online and recruiting portal,
GulfTalent.com, released its annual Employment and Salary Trends in
the Gulf report for 2009-2010. According to the Report, Oman's
average pay raise of 8.4% was the highest in the Gulf for 2009. The
Report also projects that Oman will have an average salary increase
of 9.7% compared to the regional average of 6.3% in 2010. This is
also the highest projected increase of the six GCC states.
2. (U) Oman's employment sector performed relatively well in the
recent global recession. Contrasted with the Gulf region, Oman had
the lowest amount of job cuts at 6%. In the English-daily "Times of
Oman," a leading Omani businessman, Jawad Sultan, attributes the
low joblessness rate to the economic meltdown having a minimal
impact on Oman. The Gulf region as a whole posted a ten percent
increase in the unemployment rate. Predictably, sectors with
stagnant salaries and job cuts were real estate and human resources
(i.e., recruitment professionals).
3. (U) COMMENT. The GulfTalent.com report is yet another indication
that Oman's economy was largely unaffected by the global recession
and that it is poised to be one of the first Gulf states to fully
recover. Post notes, however, that salary increases for Omanis
continue to negatively effect its ability to recruit qualified
individuals for its LES positions. END COMMENT.
Schmierer
SIPDIS
HR/OE PLEASE PASS TO SHEMBY AND KHARRISON.
NEA/EX PLEASE PASS TO ECARY
E.O. 12958: N/A
TAGS: ECON ELAB AMGT AFSN MU
SUBJECT: OMANI SALARY INCREASES HIGHEST IN GCC
1. (U) This week Middle East online and recruiting portal,
GulfTalent.com, released its annual Employment and Salary Trends in
the Gulf report for 2009-2010. According to the Report, Oman's
average pay raise of 8.4% was the highest in the Gulf for 2009. The
Report also projects that Oman will have an average salary increase
of 9.7% compared to the regional average of 6.3% in 2010. This is
also the highest projected increase of the six GCC states.
2. (U) Oman's employment sector performed relatively well in the
recent global recession. Contrasted with the Gulf region, Oman had
the lowest amount of job cuts at 6%. In the English-daily "Times of
Oman," a leading Omani businessman, Jawad Sultan, attributes the
low joblessness rate to the economic meltdown having a minimal
impact on Oman. The Gulf region as a whole posted a ten percent
increase in the unemployment rate. Predictably, sectors with
stagnant salaries and job cuts were real estate and human resources
(i.e., recruitment professionals).
3. (U) COMMENT. The GulfTalent.com report is yet another indication
that Oman's economy was largely unaffected by the global recession
and that it is poised to be one of the first Gulf states to fully
recover. Post notes, however, that salary increases for Omanis
continue to negatively effect its ability to recruit qualified
individuals for its LES positions. END COMMENT.
Schmierer