The Saudi workforce is showing signs of confidence in the market despite the ongoing global economic uncertainty, new research from LinkedIn showed.
The findings, which were released on Tuesday, noted that 68 percent of the Saudi workforce is confident in securing new jobs despite the slowing hiring levels across Europe and the Middle East in 2022 compared to 2021.
LinkedIn noted that that there are three main reasons behind these results: Employees are considering a higher salary, a flexible work-life balance and they believe that they can land better roles.
As for employees within their existing jobs, the research showed that around 73 percent of the Saudi workforce have shown increased confidence in seeking promotions and new opportunities with their current employers.
The LinkedIn survey also reflected the workforce status in the United Arab Emirates where it showed that “74 percent of UAE professionals are confident in securing a new role, with just 10 percent saying that they lack this confidence.”
The survey also said that the same 74 percent say they are confident in pushing for promotions within their existing jobs. This comes despite a hiring slowdown by 10.1 percent for the month of December 2022 compared to the same period in 2021.
Ali Matar, Head of LinkedIn MENA and EMEA growth hub, said that despite the challenges, the workforce in Saudi Arabia and the UAE knows its worth and is working accordingly.
Work flexibility is considered to be an important factor in the career path for many employees. The survey showed that despite the employees’ confidence in their career prospects, there are still concerns on job security as well as the preference for a remote working option.
In the UAE and Saudi Arabia, 72 percent and 64 percent, respectively, of the employees surveyed said “that, if offered a new job or promotion that requires them to be in the office full time, they would decline the opportunity in favor of a hybrid or remote work policy,” according to the survey.
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