Saudi salaries to jump 4.5% in 2019 as jobless rate falls

Saudi salaries are expected to rise next year in tandem with employment levels. (Reuters)
Updated 28 November 2018

Saudi salaries to jump 4.5% in 2019 as jobless rate falls

  • Saudi Arabia’s GDP is expected to grow to 3.6 percent in 2019, compared to 1.3 pecent in 2018
  • Annual base salaries have witnessed a year-on-year growth on executive, managerial and professional levels

LONDON: Saudi salaries are expected to rise by 4.5 percent next year as the overall unemployment rates hits its lowest level in years, according to a report from Mercer.
The Total Remuneration Survey 2018 questioned 450 local and multinational organizations operating within the Saudi market.
Saudi Arabia’s GDP is expected to grow to 3.6 percent in 2019, compared to 1.3 pecent in 2018, Mercer said. This is expected to have positive results on creating additional jobs in the near future, slightly enhancing salaries for Saudi nationals and decreasing the overall national unemployment rate
Additionally, annual base salaries have witnessed a year-on-year growth on executive, managerial and professional levels and are expected to increase by an average of 5 percent in 2019, Mercer said.
However, blue-collar level salaries have declined by an average of 1 percent this year.
“The KSA market is currently thriving and is expected to continue to do so over the coming years,” said Abdulaziz Alajlan, Saudi career products leader at Mercer. “There have been major changes that are positively impacting the way corporations operate, such as strengthening female labor force participation. Sectors are continuing to evolve and progress as we move toward fulfilling the Saudi 2030 Vision, which is increasing employment opportunities for nationals and highly skilled expats.”
Mercer’s survey also revealed that the overall unemployment rate for Saudi women in KSA has decreased gradually due to a rise in female participation in the labor market in 2018.
Mercer expects the overall unemployment rate to reach its lowest level in five years in 2019.


Key to success is passion: PepsiCo official

“I always think success is married with passion,” Simon Lowden said, adding that he likes to get involved with ideas that excite him
Updated 32 min 56 sec ago

Key to success is passion: PepsiCo official

  • Lowden was speaking at a session titled “100 years is a long time: Preparing for multiple shifts.”

RIYADH: The key to success is being passionate about what you do, Simon Lowden, chief sustainability officer at PepsiCo, told a brainstorming session at the Misk Global Forum in Riyadh on Wednesday.

“I always think success is married with passion,” he said, adding that he likes to get involved with ideas that excite him.

“I started my life in a small farming village, went to London to attend university, joined PepsiCo … and now I run our sustainability agenda,” he said. “This made me rich as a person, and I did things I really enjoyed.”

Lowden was speaking at a session titled “100 years is a long time: Preparing for multiple shifts.”

Other panelists included Dave Brooke, vice president of client solutions at Dell Technologies; Kevin Gaskell, an international speaker on leadership and business performance; Deloitte CEO David Sproul; and Nancy Yammout, general director of the NGO Rescue Me. The session was moderated by Lebanese journalist and politician Naufal Daou.