Wage stagnation increases among GCC construction workers
The results of <i>CW</i>’s 2017 Salary Survey suggest that wage stagnation among GCC construction professionals has increased for the third consecutive year
The results of Construction Week’s 2017 Salary Survey suggest that wage stagnation among GCC construction professionals has increased for the third consecutive year.
Construction Week’s 2015 Salary Survey found that the wages of 60% of respondents had either remained the same or fallen during the preceding 12-month period. Last year, this figure increased to 69% and, among this year’s respondents, it was 72%.
The proportion of participants who reported having received a pay cut during the previous 12 months witnessed a slight fall this year, with 3% seeing their wages reduced compared to 5.5% in 2016.
Approximately 14% of this year’s respondents have received a pay rise due to promotion during the past year, with the same proportion receiving a cost-of-living pay rise.
Of those who have received salary increases in the past 12 months, the most common percentage rise was less than 0.5% (27%). Around 4% of this year’s participants have had their salaries increased by more than 20% during the last year.
Of those whose salaries have fallen during the past 12 months, the most common percentage reduction was also less than 0.5%. Almost 5% of this sub-section have suffered pay cuts in excess of 20%.
Every year, Construction Week invites the GCC’s construction community to complete a brief questionnaire in a bid to find out how their wages compare with those of their peers. The survey also gauges factors such as salary-related expectations, the prevalence of disruption to pay, the most common benefits, and average working hours.
A record 688 regional construction professionals completed this year’s survey, the results of which will provide a valuable barometer for the sector.
For in-depth statistical analysis of all of this year’s findings, check out issue 679 of Construction Week, which will be published on 2 December, 2017.