In 2024, almost 72% of UAE companies gave their workers incentives that ranged from one month’s salary to more than six months. Due to the influx of professionals seeking better opportunities in the UAE during the last four years, the job market has been extremely competitive. The UAE’s population and employment have grown as a result of the establishment of new businesses and the relocation of numerous international corporations.
Nearly 72% of UAE businesses offered incentives to their employees in 2024 that lasted anywhere from one month’s wages to more than six months. The job market has been fiercely competitive over the past four years due to the surge of professionals looking for better possibilities in the UAE. The population of the United Arab Emirates and employment have grown as a result of the establishment of new businesses and the relocation of numerous international corporations.
In the banking and consulting industries, where total remuneration mostly depends on performance-based incentives to align rewards with individual and company success, 5% of UAE companies gave their staff bonuses longer than six months in 2024. However, due to financial constraints, shifting priorities, and market uncertainty, more than one-fourth (28%) of UAE-based firms did not give bonuses to their staff in sectors like retail, government, media, and aviation.
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