Link February 2017 | Page 36

Research News

GCC jobs set to recover in 2017, led by manufacturing and healthcare – GulfTalent

we are committed to provide our customers with systems and solutions that best meet their operational objectives,” expressed Mr Xavier Perello Pairada, Managing Director, South and South East Asia.

Held in Singapore, the awards ceremony is organized by Supply Chain Asia, a not-forprofit professional body that aims to bring professionals from within the logistics and supply chain industry together to share knowledge, learn from one another and create opportunities for collaborations. More than 400 top level professionals from the logistics industry attended the event.

• More companies eyeing expansion this year, with fewer firms planning job cuts

• Construction and oil & gas sectors still downsizing, but at a slower pace

Following a year of massive redundancies caused by the collapse in oil prices, the Gulf region is finally set to witness a stabilisation in job cuts and a moderate rate of new job creation in 2017, according to a survey of over 800 employers across the GCC by online recruitment firm GulfTalent.

GulfTalent’ s survey received participation from senior management of GCC-based companies and was designed to mine insights into employment trends and prospects for the year.

According to the survey findings, the number of companies cutting headcount is set to drop drastically, from 40 % of survey respondents in 2016 to just 23 % planning cuts this year. At the same time, more firms plan to expand their workforce, increasing from 41 % in the past year to 47 % in 2017.

Saudi Arabia is a notable exception to the overall positive trend, due to its higher dependence on

36 February 2017