Kingdom of Saudi Arabia Salary Guide 2022

Introduction

Welcome to the 2022 edition of the Cooper Fitch Salary Guide for the Kingdom of Saudi Arabia. Despite the challenges we faced on a global scale due to the Covid-19 pandemic, the Saudi economy and corresponding jobs market saw a significant recovery in 2021. An efficient vaccination programme was rolled out over the past year that has allowed restrictions to ease for both tourism, job seekers and businesses.

This year, at Cooper Fitch we based our salary guide around seven questions to improve the quality of data we are presenting to you. We spoke to over 600 organisations and asked them a range of questions about recruitment activity, salary trends and bonuses, to enable us to create the most accurate prediction for the year ahead.

Over the course of the pandemic, Saudi Arabia managed to continue with their giga and mega projects within development and tourism. We did see a dramatic reduction in employment activity with traditional employment sectors such as oil and gas, public sector, chemicals and real estate being disrupted due to border closures and restrictions as an effect of the pandemic. We have seen a gradual recovery in all of these sectors in Q3 this year, and in some cases we have seen record numbers of jobs being created with 19% growth in Q3 2021 vs Q2 2021 and 50% growth on Q3 2021 vs Q3 2021.

Headcount in KSA

From those surveyed across the Kingdom of Saudi Arabia 29% of organizations said they made reductions to headcount in 2021 and 71% either made no changes or increased headcount. For 2022, 68% of KSA businesses will be increasing headcount with 30% of those increasing headcount by 10% or more, however, what we found more surprising is that 19% will be making reductions to their headcount in 2022.

Overview

 

 

 

 

Research Methodology

Cooper Fitch surveyed over 600 business leaders responsible for key decision making who are based in the Kingdom of Saudi Arabia. The survey asked various confidential questions focused on the recovery from the Covid-19 pandemic, recruitment activity, salary and bonus payment decisions for 2021 and 2022.

The data represented in our salary guide represents the responses we received from our clients and professional network and is representative of those responses exclusively.

Size

research

About Cooper Fitch

Cooper Fitch provide professional services to organisations across the GCC on all matters talent-related. Driving business forward with top-tier talent, market and data insights and consulting services to better their employee attraction and retention rates.

We provide comprehensive compensation and benefits analysis designed to advance your competitive talent advantage, contact me for any specific requests or questions on this report.

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Trefor Murphy

Founder, CEO
tmurphy@cooperfitch.ae
+971 55 555 7283