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Khaleej Times-14 June 2009
DUBAI — Most Gulf business leaders are not in favour of current policies and quotas for employing local citizens and would rather prefer aligning local hiring with their strategic growth objectives, a recent study says.
‘The Arab Human Capital Challenge — The Voice of CEOs’ report shows more than 70 per cent of Gulf chief executives think that local hiring plans will not help improve their company performance at present. They seem more positive, however, about the long term.
“The notion of labour quotas and the naturalisation policy is effecting negatively, for the simple reason that the supply of expertise does not match what the industry requires,” said the CEO of Salam International Investments, Qatar Hussam Abu Issa.
The managing director of Fortune Promoseven, Bahrain, Tariq Al Saffar said: “Nobody would want to bring in an expatriate, if they can find an equivalent national. That is a fact.”
The chief executive officer of National Trigeneration CHP Company, KSA, said naturalisation plan should be helping the economy by providing qualified labour of the right calibre.
The study was developed by the Mohammed bin Rashid Al Maktoum Foundation, or MRMF, in collaboration with PriceWaterhouseCoopers. It surveys a sample of 3752 CEOs across 12 industries from 18 Arab countries.... Read full story
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