Report cites job stability, higher wages for Saudi workers
Published on 15 Sep, 2016
In a time when the Saudi economy is struggling with lower oil prices while taking on ambitious energy and economic projects, there is some glimmer of light for Saudi workers, particularly native citizens.
A study by the Korn Ferry Hay Group shows big increases across the board for salaries in some industries, such as high technology and transportation and logistics.
Commenting on the labor report, Rhea Sthalekar, an investment research analyst at Aranca, said it’s important to distinguish between work outlooks for Saudi nationals and those of foreign or migrant workers. “Saudi Arabia’s labor laws are based on the Shariah law and cover all aspects of employer-employee relationship including wages, contracts and termination.” Sthalekar told the Gulf News Journal. “However, these laws do not apply to expatriates in Saudi Arabia on business visas, temporary contract workers and domestic servants. There is a vast difference in the minimum wages paid to Saudi nationals in the private sector, and migrant laborers on contract basis, and this gap is taken advantage of by industrial giants in the country.”