Salary Survey - MacDonald and Company_2013

7/28/2019 Salary Survey - MacDonald and Company_2013

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The RICS and Macdonald & Company

Middle East Rewards & Attitudes Survey 2013

Executive Summary and Key Findings


2/142

2013 EXECUTIVE SUMMA RY


3/14The RICS and Macdonald & Company Middle East Rewards & Attitudes Survey 2013 Results 3

ForewordDuba i is back! seems to be the overwhelming

theme at the moment with ambitious new

projects being announced by private sec tor and

government developers alike. Sheikh Mohammed

bin Rashid is again driving these initiatives rom

the very top with his visionary leadership. There is

a prevailing sense o optimism around the city as

inrastructure projects are completed, new hotels

are opened and visitor numbers escalate. The

memories o late 2008/early 2009 are receding.

Condence is the key going orward and there

is a genuine expectation rom long term Dubai

residents and those that have relocated here more

recently that 2013 is going to be a very good year.

We are noticing an increasing appetite rom

employers that wish to source senior candidates

and hire individuals or both replacement and

expansion purposes. The AldarSorouh merger is

on track which is positive or the Abu Dhabi market.

Government spending wil l remain a driving

orce behind the economies here i the oil price is

sustained above the expected level o $100/barrel.

The US economy is improving according to recent

employment statistics but the eect o the $85bn

worth o government spendi ng cuts may have a

slowing eect on growth. Europe and the UK seemto have avoided complete disaster with the euro

intact and global equities markets have refected

this in a very bullish Q1 this year.

There still remains a great enthusiasm rom

indiv iduals rom the UK and Europe to relocate

and work here in the region, with Dubai being the

choice destination, although strong Emiratisation

policies wi ll continue as there are many UAE

nationals still seeking employment.

The situation in the wider MENA region remains

challenging, with political instability, violence and

uncertainty driv ing many job seekers and their

amilies towards the sae havens o Dubai and A buDhabi. This uncertainty is also driving signicant

levels o cash into the banking system and direct

investments.

The most signicant nding o the sur vey is clear:

Condence has returned, coupled with the realistic

optimism rom lessons learnt over the past seven

years. Salaries have remained broadly in line with

2011 and average at AED36,293/month but more

people are receiving bonuses and base salary

increases, suggesting those that perorm well are

being rewarded or their achievements.

Ben Waddilove MRICS, Director, Macdonald &

Company (in association with Unlimited Resources

Recruitment Supply), March 2013

IntroductionNow in its sixth edition, the annual Macdonald

&Company Middle East Rewards and Attitudes

Survey is stil l the most comprehensive survey o

its type undertaken or the property sector in the

Middle East. The survey encompasses a broad

variety o par ticipants across the GCC, Levant

and North A rica. The new timing o the Survey,

which will now be run in January/February/March

every year, coincides with the other Surveys that

we conduct in the UK, Europe, and Asia so that

intelligent comparison and analysis can be made

between all Surveys.

We would like to thank all o the part icipantswho completed the Survey this year. There are

comprehensive statistics on current salaries,

bonuses and employment benets in addit ion to

inormation on broader employment issues and

attitudes which are very relevant to employers and

employees alike. The Executive Summary sets out

the key ndings. Further ana lysis and inormation

on this and the other global Surveys is available

rom Macdonald &Company.

For urther inormation or analysis please contact:

[email protected]

A comprehensive salary benchmarking service

tailor made to individual client s needs is also

available.

An on line statistics package or the 2013 survey

is available at a cost o USD $999. In addit ion to the

MENA region, Macdonald & Company undertake

salary surveys or UK, Asia Pacic, sub Saharan

Arica and Europe. Al l reports are

available at www.macdonaldandcompany.com

For the second year, the results have been collated

and analysed by BluSky Research (a research

trading name o BluSky Marketing Limited

www.bluskymarketing.com).


4/1444

KEY FINDINGS

Are anticipating an improvement in economic

activity (+17%*)

o respondents received a base salary increase

(+5%*)

is the average monthly salary or a Real Estate

proessional in the Middle East (-AED 1,672*)

Negative business sentiment has dropped by

7% to 5%. This is the most signicant movement

in positive business sentiment since 2010

secured on average a 11.6% increase in base

salary (-1.2%*)

49% (versus 41%*) o all respondents secured

an annual bonus o AED 68,831 (also -AED

7,600*)

4 *Versus 2011 survey4



Those working in development, consultancy or

contractor provide the majority o responses

The majority (39%) o respondents presently

work in Dubai (+2%*)

Better salary continues to be the most important

job aspect

o respondents consider the GCC region

to be a preerred location or employment

opportunities and career progression (+7%*)

only 11% o repondents are seriously

considering returning to their country o origin

are airly or very satised with their current

employment

4The RICS and Macdonald & Company Middle East Rewards & Attitudes Survey 2013 Results 55


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0%

10%

20%

30%

40%

50%

60%

70%

80%

5 yrs +3-4 yrs2-3 yrs1-2 yrs0-1 year

RESEARCH SAMPLE PROFILE

Response Rate Total

In its sixth year with 1,058 respondents,

the survey is stil l the most robust and

respected survey o its kind in the Middle

East.

Years Experience

How many years experience

do you have in your discipline?

The general level o experience o the

sample has reversed this year with less

senior respondents (44% with 16 years

plus experience, down rom 47% in 2011

and consistent with 2010).

Middle East Regional Experience

How long have you worked in the Middle

East Region?73% o the survey respondents have 5

or more years experience working in

the Middle East versus 65% last year.

While those with between 2 to 4 years

experience working in the Middle East

has dropped rom 24% to 15% in 2013.

2,083

9%

6%

8%

25%

24%

24%

23%

19%

18%

14%

17%

15% 1

7%

22%

29%

2010 2011 2012/13

1,033 1,041

1,439

1,058

0%

5%

10%

15%

20%

25%

30%

Over 21yrs16-20yrs11-15yrs5-10yrsUp to 4yrs

23%

23%

30%

29%

5%

6%

6% 1

0%

4% 5

%

14%

14%

15%

10%

73%

2010 2011 2012/13

5%

9%

65

%

56%

0

5,00

1,000

1,500

2,000

2,500

2012/132011201020092008



Ethnicity

From which o these regions do you

originate (Ethn icity)?

Respondents who originate rom the

Middle East (Non GCC) now account or

22% o the total respondents (up rom 19%

last year), while those rom UK/Europe

remain one o the largest groups with 32%

(up rom 30%). Those who originated rom

Asia/ Far East have dropped rom 31% in

2011 to 27% this year.

Normal Place o Work

Where is your normal place o work?

Those who presently work in Dubai (39%,

up rom 37% in 2011) still represent the

majority o respondents to the survey.

Numbers working in Abu Dhabi have

declined down rom 28% in 2011 to 21%

this year. However those in Qatar (12%)

and Saudi Arabia (9%) are increasing in

number.

Employer Type

What is the main activ ity o the

organisation?Those working in development (31%,

up rom 23%), consultancy (30%, down

rom 38%) or contractor (18%, down rom

21%) continue to provide the majority

o responses (73% in total, down rom

82% in 2011) to this years salary survey.

Respondents rom the Government sector

have increased slight ly, up rom 6% in

2011 to 8% this year.

2010 2011 2012/13

0% 10% 20% 30% 40% 50%

Other

Other Emirates

Kuwait

Egypt

Bahrain

Oman

Saudi Arabia

Qatar

Abu Dhabi

Dubai

2010 2011 2012/13

0%

5%

10%

15%

20%

25%

30%

35%

40%

2010 2011 2012/13

39%

38%

30%

22%

21%

18%

24%

23%

31%

3%

3%3%

5%5%

5% 6

%8%

4%

1%2%

1%1% 1

%1%

6%7%7%

4%6%

5%

27%31%31%

4%4%

6%

3%3%3%

22%19%

15%

32%30%

31%


Consultancy Contractor Development Financial

Institution

FM Service

Provider

Government Occupier Education Non-prot

39%37%

43%

21%28%

25%

12%7%7%

9%6%

7%

3%2%2%

2%2%2%

2%2%

1%

2%2%2%

2%2%2%

7%8%

7%

0% 5% 10% 15% 20% 25% 30% 35%

UK/Europe

Middle East (Non GCC)

GCC

Australasia

Asia/Far East

Americas

Africa/South Africa


8/148

2011 NO. 2011 % 2012/13 NO. 2012/13 %

Academic 13 1% 6 1%

Ana lyst/ Research 23 2% 10 1%

Architect/Design 103 7% 79 8%

Business Development Management 65 5% 40 4%

CEO/MD/Head 77 5% 57 5%

CFO/Financial Director/Controller 39 3% 47 5%

Claims & Dispute Resolution 25 2% 15 1%

Construction Management 79 6% 66 6%

Corporate Property Consultancy 14 1% 8 1%

Development Management 43 3% 39 4%

Energy 23 2% 15 1%

Engineering Services Management 80 6% 45 4%

Environmental 14 1% 7 1%Facilities Management Consultant 21 1% 11 1%

Facilities Management In-house 20 1% 26 3%

Facilities Management Service Provider 30 2% 23 2%

Financial/Real Estate Analyst 33 2% 37 4%

Fund Management 7 0% 8 1%

General Practice 8 1% 11 1%

Health and Saety 38 3% 18 2%

Interior Design 14 1% 11 1%

Investment Brokerage/Agency 11 1% 3 0%

Landlord & Tenant 4 0% 7 1%

Landscape Architect 11 1% 7 1%

Oce Agent 4 0% 11 1%

Planner 27 2% 15 1%

Property Asset Management 23 2% 29 3%

Project Management 145 10% 112 11%Quantity Surveying 208 15% 78 8%

Residential Agent/Sales/Leasing 9 1% 15 1%

Residential Development 9 1% 11 1%

Retail Agent/Leasing 8 1% 14 1%

Urban Designer 13 1% 5 0%

Valuation 24 2% 20 2%

Other 123 9% 96 9%


Average Middle East Rea l Estate Salar y

(AED)

What is your current monthly basesalary? (excluding all benets such as

bonuses, car etc).

The average base salary o a Real Estate

proessional in the Middle East is AED

36,293 per month or marginally down

versus 2011 by AED 1,673 or 4.4%. The

slight decline in average monthly salar y

could be attributed to the 3% decline in

respondents with over 16 years industry

experience.AED 0

AED 5,000

AED 10,000

AED 15,000

AED 20,000

AED 25,000

AED 30,000

AED 35,000

AED 40,000

2012/1320112010

AED 38,352 AED 37,965 AED 36,293

AVERAGE MIDDLE EAST REAL ESTATE SALA RY & BONUSES



AED 0

AED 10,000

AED 20,000

AED 30,000

AED 40,000

AED 50,000

AED 60,000

Over 21yrs16-20yrs11-15yrs5-10yrsUp to 4yrs

AED22,558

AED17,695

AED13,508

2010 2011 2012/13

AED28,326

AED24,976

AED23,928

AED35,560

AED33,582

AED33,364

AED44,625

AED40,839

AED40,526

AED50,463

AED57,049

AED51,400

Years Experience Average Salary (AED)

Salary at last review by years experience

within discipline

Those respondents with over 21 years

experience continue to earn the highest

average base monthly salary at AED

51.4K. However this is down rom AED

57.0K in 2011. Those respondents with up

to 4 years experience, have seen a drop

in average salary rom AED 17,695 to AED

13,508 in 2013.

Change to Salary at last review

What change i any was made to your

Monthly Base Salary at your last pay

review?

There has been an uplit in those

receiving an increase in their base salary

this year, with 35% receiving an increase

(versus 30% last year). 3% received a

salar y reduction (versus 5% last year),

while 46% experienced no change in

salar y (versus 50% last year).

Average Proper ty Salary Increase

I your salary was increased, please

indicate % increase?The average salary increase has declined

since 2011, down rom 12.8% to 11.6% in

2013. However, the % o respondents who

have secured an annual salary increase

has grown to 35% and is the highest level

in the last 3 years.


2%

Up not disclosed (+1%)

12%

Up by 15% + (+5%)

9%

Up by 11-15% (+5%)

4%

Up by 6-10% (-4%)

8%

Up by


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Average Proper ty Salary Increase:

Region

I your salary was increased, please

indicate % increase?

An nual Bonuses Received (AED)

What was the approximate value o your

annual bonus (or bonuses) over the last 12

months?

49% o the survey respondents received

a bonus (up rom 41% in 2011), whi le 51%

received no bonus whatsoever (down

rom 59% last year).

Important Job Aspects

How important are each o the ollowing to

you in your job?Salary and responsibility continue to

be the most important actors when

it comes to job satisaction, ollowed

closely by career progression, job

security and management style within the

organisation.

3%

AED 200K Plus (=)

7%

AED 90K - AED 199.9K (+1%)

14%

AED 35K - AED 89.9K (+4%)

10%

AED 20K - AED 34.9K (+1%)

14%

Up to AED 19.9K (+2%)

51%

Nil (-8%)

81%82%

81%

77%

75%78%

75%73%74%

74%73%74%74%

71%73%

70%70%

68%

68%66%

64%61%

59%56%

42%38%

41%

39%38%38%

34%37%

33%23%

27%25%

2010 2011 2012/13

0% 20% 40% 60% 80 00%

Travel Opportuni ties

Latest Technology

Range o Clients

Location

Training/Personal Development

Range o Interesting Work

Working Environment

Management Style

Job Security

Career Progression

Responsibility

Salary


80% 1

AVERAGE SA LA RY INCR EASE

Total 11.6

Dubai 11.8

Abu Dhabi 11.0

Qatar 10.5

Saudi Arabia 11.8

Oman 12.7

Bahrain 8.2

Egypt 8.4

Kuwait 20.0

Other 15.6



Job Satisact ion

How satised overall are you with your

current job?

The majority o survey participants (75%,

down rom 76% in 2011) are airly or very

satised with their current employment.

19% say that they are not very satised

(down 18% rom last year).

Relocating to Abu Dhabi

I living in Du bai and commuting to Abu

Dhabi, how likely are you to consider

relocating there permanently now?

O those respondents who live and

commute to Abu Dhabi, 28% would

consider relocating there on a permanent

basis, up 2% rom 2011. However, 14%

stated they were unl ikely to permanently

move up rom 12% in 2011.

Relocating to India or Far East

Are you considering relocating to India or

the Far East due to increased economicactivity there?

55% o the survey respondents would at

least consider relocating to India or the

Far East due to the increased economic

activity there (up rom 53% last year).

6%

Not at all (-1%)

19%

Not very (+1%)

52%

Fairly (-1%)

23%

Very (=)

MARKET SENTIMENT

45%

Unlikely (-2%)

45%

Possible (+5%)

10%

Very likely (-3%)

7%

No due to increased

housing cost (-2%)

14%

Unlikely (+2%)

15%

Possible (-1%)

13%

Very likely (+1%)

51%

Not Applicable (=)


12/1412

Returning Home

Are you considering returning home

to the UK, Europe, US, Arica, Asia or

Austra lasia?

Only 11% o the survey respondents,

(down rom 15% in 2011) who are in a

posit ion to return to home, are serious ly

considering returning to their country o

origin.

GCC Preerred Location

Do you still consider the GCC region to

be a preerred location or?

48% o the survey respondents consider

the GCC region to be a preerred location

or nancia l reasons (down by 6% rom

last year).

Economic Activity ChangeIn your chosen proessional activ ity, do

you anticipate economic activity in the

next 12 months to increase, decrease or

remain unchanged?

Business sentiment or condence has

improved signicantly by 17%, with 57%

anticipating an improvement in economic

activity during 2013, versus 40% in 2011.

While negative business sentiment has

dropped by 7% to 5%. This is the most

signicant movement in positive business

sentiment since 2010

MARKET SENTIMENT

19%

Not Applicable (=)

34%

Unlikely (+4%)

36%

Possible (=)

11%

Very likely (-4%)

11%

Family reasons (-1%)

48%

Financial reasons (-6%)

41%

Employment opportunities

and career progression

(+7%)

0%

10%

20%

30%

40%

50%

60%

Remain unchangedDecreaseIncrease

44%

40%

57

%

12%

12%

5%

44% 4

8%

38%

2010 2011 2012/13



People make the difference.

We connect you to that difference.macdonaldandcompany.com

NOTES


14/14

P i P l PLC

London2 Harewood Place, Hanover Square,

London W1S 1BX

T +44 (0) 20 7629 7220

F: +44 (0) 20 7629 3990

E: [email protected]

Manchester

York House, 20 York Street,

Manchester M2 3BB

T: +44 (0) 161 605 0500


Dubai

Oce 403, Level 4,

Code Business TowerAl Barsha 1, PO Box 282196,

Dubai, UAE

T: +971 4 378 5600


Hong Kong

16th Floor, 1 Duddell Street,

Central, Hong Kong

T: +852 2248 3000


Singapore

30 Rafes Place,

Level 17, Chevron HouseSingapore, 048622

T: +65 6809 6176


South Arica

Design Quarter, Nicol Grove Oce Park,

The Business Centre, Leslie Roads, Fourways, 2055,

Johannesburg, South A rica

T: +27 11 513 4200


www.macdonaldandcompany.com

Macdonald & Company is the leading proessional recruitment consultancy

or the real estate, built envi ronment, energy and environmental sectors.

Establ ished in 1994 and headquartered in the UK, we apply local knowledge

with true global connection through our oces in Asia-Pacic, the Middle

East and Arica. Our specialist teams act or every class o organisation

owning, occupying, nancing or advising on property, construction and

engineering developers, investors, institutions, unds, banks, consultancies

and contractors. We are the preerred recruitment partner o RICS the Royal

Institution o Chartered Surveyors. The Companys Energy & Environmental

division acts or clients across oil and gas, maritime, utilities, natural

resources, power generation, renewable energy and sustainability sectors.

Macdonald & Company is a subsidiary o the London Stock Exchange quoted

Prime People Plc.

People make the dierence.

We connect you to that di erence.

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