International pensions specialists Carey Pensions and Benefits have received Dubai Financial Services Authority approval to operate as an Ancillary Service Provider in the Dubai International Financial Centre (DIFC).
Managing Director Jane Duchemin commented: “I see the GCC countries as being at a crossroads in their infrastructure development. The retention of skilled labour is becoming an important issue for employers in the region as specific skill shortages arise. Initiatives such as Dubai International Financial Centre are bringing in a new class of international financial institutions to the region, adding to the demand for finance professionals.
“The region’s employers will therefore need to find ways to provide medium to long-term benefit for their key employees. In the global market place, the world’s economies compete for the same intellectual capital and developments in the basic components of remuneration packages reflect the expectations of the skilled worker. The finance sector is already finding that due to increased competition there are not enough professionals in the market. The increased competition has brought about much movement in the labour market so employers will need some way of maintaining the loyalty of key personnel.” |
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