The economic boom in India and the magnificent pay packages offered to employees by the local Indian companies have changed the scenario of migration to the Middle East completely. Today, there are numerous Indian companies paying hefty packages and much more money to skilled workers than some of the companies of the Middle-East.
Today, UAE is no more a dream destination for expats as they have enough job opportunities back home in India. The incessant rise in the cost of living and a declining dirham has certainly resulted in UAE losing its earlier charm amongst jobseekers in India and Asia in general.
“The problem was more important than inflation in deterring workers coming to Dubai. Construction workers coming here don’t have any savings and just have to survive on their pay cheque,” said Samir Khosla, Vice-Chairman of Dynamic Staffing Services, speaking at MEED’s, Dubai Mega Projects conference. Mr. Khosla also commented that five years ago, an Indian construction worker coming to Dubai would expect four times more earning than in India and save up to 250% more.
Importantly, there has been a change in the hiring policies in various Indian construction companies, which means that the workers are appointed to company payrolls, which again makes them eligible to many allowances like sick pay.
“Indian employers are now providing them with Dubai-style accommodation and competitive holiday. As a result, it is increasingly becoming difficult for Middle East companies to hire. Workers are sending their families back because they can no longer afford to keep them in the country,” Mr. Khosla said.
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