Hiring in the creative and media industry in Saudi Arabia is booming, while the oil sector registers a negative growth in job listings year on year, says Monster Gulf
Saudi Arabia registers the highest long term growth in employment among all other GCC countries, according to data compiled by Monster Employment Index KSA
The creative industry (Advertising, Market Research, Public Relations, Media and Entertainment) maintains its top position with a 55% growth in job listings year on year
Oil sector registers a negative growth
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.
“Monster Employment Index KSA continues to highlight a positive trend in employment growth, which indicates a healthy and strong economy. As compared to last year, overall online job listings in the Kingdom have increase by 30%, led by a 55% increase in the Advertising, Market Research, Public Relations, Media and Entertainment Industry. As the country is preparing to open up to foreign investment, local and international firms operating in Saudi Arabia are excited at the prospect of promoting their products and services, which has led to a significant increase in demand for creative talent,” said Sanjay Modi, Managing Director, Monster.com (India, Middle East, South East Asia and Hong Kong).
“Impacted by the drop in oil prices, the KSA oil sector has been the worst performer last month and the only one registering a negative growth of 3% year on year. Companies operating in the oil sectors are keeping a tight grip on their budgets and our data suggests hiring in this sector has slowed down considerably, ” added Modi.
KSA Top Growth Industries
KSA Lowest Growth Industries
% Growth Y-o-Y
Advertising, Market Research, Public Relations, Media and Entertainment
MENA Year-over-year Trends: Six out of seven countries monitored by the Index indicated increase in availability of online jobs year-on-year.
KSA (up 30 percent) supplanted Egypt (up 28 percent) to lead all monitored countries by the way of long-term growth.
UAE (up 17 percent) registered a positive annual growth this month. Year-on-year, recruitment activity eased 10 percent in January 2015 and matched that of February 2014 the following month before picking up again this month
Kuwait (down seven percent) is the only country to exhibit negative annual growth rate even this month. The rate of growth has however improved slightly.
% Growth Y-o-Y
Posted by : Kuwait PR Network Editorial Team Viewed 161260 times PR Category :Others Posted on : Thursday, April 9, 2015 5:13:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of KuwaitPR.com.
Previous Story : Honeywell commits to greater female leadership in the Middle...