The Monster Employment Index has revealed that hiring activity is on the rise in the Middle East’s hospitality industry, with a 54% increase in job listings in April 2015.
The banking and financial sector continues to perform best, and this is followed closely by the hospitality industry, while oil and gas recruitment has declined steeply.
“We are happy to see a bounce back in hiring activity in the hospitality industry, which was the second best performer in the region, with a 54% increase in job listings in April 2015, as compared to the same period last year,” said Sanjay Modi, managing director, Monster.com (India, Middle East, South East Asia and Hong Kong).
“This is not surprising and according to a recent PwC report, growth in the hotel industry is here to stay, with growth fundamentals for the regions’ hotel industry remaining strong. According to the report, the cities best placed for growth in the hotel industry in 2015 are Jeddah and Abu Dhabi.
Modi caveated his comments however by saying that demand for jobs in the hospitality and travel industry continues to remain low.
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“A closer analysis of the data shows that demand for hospitality and travel professional is one of the lowest among occupations, with a an increase of 17% for the region and only 5% for the UAE,” he said.
“Therefore, we believe the hospitality industry will be hiring a variety of professionals such as IT, marketing, legal, accountants, etc. and not only specialised hospitality consultants.”
Geographically, the countries that are leading in terms of recruitment activity when compared to the same period in 2014 are Egypt (+38%) and Saudi Arabia (+ 32%), while UAE job market activity has increased 16% year over year across industries.
Bahrain is also one of the top performers for the month of April 2015, with an increase in online job postings of 27% year on year, making it the third best performing country in the region, according to Modi.
“Once again, the banking and finance industry remains strong, taking the lead in online recruitment activity, showing a 79% increase for the region, and a 30% increase for the UAE, as compared to the same period last year,” he added.
The Monster Employment Index is a monthly gauge of online job posting activity in Middle-East based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career Web sites and online job listings.
The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.
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