Wednesday, 23 July 2008

HR crunch: Gulf banking sector

 

   
   I'm seeing more and more about the talent crunch, at the same time as the economic one seems to be biting deeper.

Particularly in the usual places - China and the UAE.  This is from Monday's FT:

"While US and European banks are shedding tens of thousands to shore up earnings, Gulf banks face a crisis of a different sort - an acute lack of human resources.

Stories abound of entire trading desks in Dubai being lured away by competitors offering two-year guaranteed bonuses. According to one asset manager, the average time spent at a financial institution in the emirate is less than a year. "

I'm back in Dubai and Abu Dhabi towards the end of August, anyone who wants to meet me there, please do get in touch at:  info [at] strategic [dash] hcm [dot] com - or call me on +44 7904 185 134 / skype strategic-hcm.