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