Monday, March 17, 2008
[IWS] Mercer: UNITED ARAB EMIRATES (UAE)--EMPLOYEE BENEFITS EMERGE [7 March 2008]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Mercer
The emergence of employee benefits in the UAE [United Arab Emirates]
Last updated: 7 March 2008
http://www.mercer.com/referencecontent.jhtml?idContent=1295195
There is clear evidence that the ever-increasing expatriate population in the United Arab Emirates (UAE) is fueling demand for Western-style remuneration practices, reflecting the growing importance of benefits, long-term incentives and lifestyle products. The traditional focus in the UAE has been on basic salaries and cash allowances, but we are now experiencing an increased interest in other benefits, such as supplemental pension plans.
In response to this growing demand, Mercer undertook its second survey of benefits and HR practices in the Middle East, covering seven countries: Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia and the UAE. In total, 81 survey responses were received from 45 multinationals representing 15 industry sectors. The survey covers more than 500 benefit plans and 61,000 employees throughout the Middle East, and in some countries, this survey is the first of its kind.
This article focuses on the changing face of benefit provision in the UAE, particularly the emerging trend among multinational companies to provide supplemental pension and medical plans.
AND MUCH MORE....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Mercer
The emergence of employee benefits in the UAE [United Arab Emirates]
Last updated: 7 March 2008
http://www.mercer.com/referencecontent.jhtml?idContent=1295195
There is clear evidence that the ever-increasing expatriate population in the United Arab Emirates (UAE) is fueling demand for Western-style remuneration practices, reflecting the growing importance of benefits, long-term incentives and lifestyle products. The traditional focus in the UAE has been on basic salaries and cash allowances, but we are now experiencing an increased interest in other benefits, such as supplemental pension plans.
In response to this growing demand, Mercer undertook its second survey of benefits and HR practices in the Middle East, covering seven countries: Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia and the UAE. In total, 81 survey responses were received from 45 multinationals representing 15 industry sectors. The survey covers more than 500 benefit plans and 61,000 employees throughout the Middle East, and in some countries, this survey is the first of its kind.
This article focuses on the changing face of benefit provision in the UAE, particularly the emerging trend among multinational companies to provide supplemental pension and medical plans.
AND MUCH MORE....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 11:37 AM
