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.
Technorati Tags: Dubai,UAE,Gulf banking sector,HR crunch,human resource crunch,Robbin Wigglesworth,FT
Hi Jon - I read with interest your comments on the situation in Dubai. My organization, RIT in New York is starting some educational initiatives there soon and I wonder if you have any contact with anyone from here.
ReplyDeleteBest, Steve Boese
Hi Steve, no sorry, not yet. I'd be very happy to do so.
ReplyDeleteNice paradox to have - scarcity of manpower
ReplyDeleteRegards
Ashish Ahuja
A Roaming Blogger and a CA