UAE consumer goods industry records highest growth in online recruitment
The consumer goods industry continues to lead growth in online recruitment across the UAE at 14 per cent from Q2 2017 and an impressive 44 per cent from the same period last year, according to the Q3 Monster Employment Index (MEI).
The growth in consumer goods, including FMCG, food and packaged food, home appliances, garments, textiles, leather, gems and jewellery, comes amid an eight per cent decline in overall online recruitment from Q2 2017. The industry has continued a pattern of strong growth since the beginning of the year with the highest growth amongst industries from Q3 2016.
The results are in line with a recent report by the Dubai Chamber which revealed that consumer expenditure in the UAE is set to steadily increase at rate of 7.5 per cent per annum over the next five years. The report also stated that the UAE had the highest consumer spend per household in the Gulf region last year with the average household spend reaching over $100,000.
“The UAE has always been driven by an active consumer culture catalysed by a fast-growing population armed with a high disposable income. The recent report released by The Dubai Chamber reaffirms the healthy relationship between the consumer goods sector and consumption habits in the UAE. This notion is reflected by the consistent performance of the consumer goods industry throughout the year on the MEI,” said Sanjay Modi, Managing Director, Monster.com, APAC & Middle East.
From the occupations evaluated by the MEI, an impressive surge in marketing, including communications, was recorded in the UAE at 28 per cent growth from a mediocre performance in Q2 2017; the highest growth reported amongst the occupations. The occupation was also the only to record growth from Q3 2016 at five per cent.
“An increase in consumer spending unsurprisingly feeds into the need to understand the nature of demand; what are people buying? What are their shopping habits? The marketing industry is therefore beginning to benefit from the continued growth of the consumer goods sector,” said Modi.
Other industries to show growth in online recruitment from Q2 2017 in the UAE include production and manufacturing recording a 14 per cent growth from last quarter while chemicals–plastic, rubber, paints, fertiliser, and pesticides–benefited from an eight per cent rise. Telecom and education also saw increases of five and three per cent respectively while retail, both trade and logistics, showed six per cent growth.
UAE occupations that have grown from Q2 2017, other than marketing communications, include software, hardware and telecom, which demonstrated a 16 per cent increase while engineering and production appears to have stabilised recording no change. Sales and business development and human resources and administration recorded two of the steepest declines at 28 and 22 per cent respectively.