More than half (55 per cent) of the respondents of a survey in Oman said they expect a salary increase in 2016, according to the 2016 Bayt.com Middle East and North Africa Salary Survey, conducted by job site Bayt.com, and YouGov, a market research agency.
However, some companies are not ready to give the hike given the economic condition and low oil prices.
Mohammed Shafiqul Islam Bhuiyan, general manager of a leading travel agency said: It’s impossible for most companies to give any hike this year as the business is not good. “Some small companies are even cutting down the perks,” he added.
“But if the oil prices go up, then we have a hope of more business, which can transform into more money for employees,” he said.
Shiv Gupta, chief executive officer of an IT company-based in Muscat, said, “The market has slowed down and they are currently experiencing a delay in receiving payments from the market. Taking everything into account, very few companies will even consider an increase.”
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