Dirham fall deters Indians from pursuing jobs in UAE

Dirham fall deters Indians from pursuing jobs in UAE
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First Published: Fri, Mar 07 2008. 11 32 AM IST
Updated: Fri, Mar 07 2008. 11 32 AM IST
PTI
Dubai: Rising cost of living and a declining dirham have resulted in UAE losing its charm among Indian jobseekers, who no longer find the Gulf country an attractive destination.
“The problem was more important than inflation in deterring workers coming to Dubai,” said Samir Khosla, managing director of US-based Dynamic Staffing Services.
“Construction workers coming here don’t have any savings and just have to survive on pay cheque,” said Khosla, speaking at MEED’s Dubai Mega Projects conference.
Khosla said that five years ago, an Indian construction worker coming to Dubai would expect four times more earning than in India and save up to 250% more, MEED magazine quoted him as saying.
Based on a November 2007 case study, the currency change has reduced the pay differential to 40%.
There has been a shifting in hiring policies in the Indian construction industry, which means they are being appointed to company payrolls, which makes them entitled to sick pay.
“Indian employers are now providing them with Dubai-style accommodation and competitive holiday. As a result, it is becoming difficult for Middle East companies to hire. Workers are sending their families back because they can no longer afford to keep them in the country.”
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First Published: Fri, Mar 07 2008. 11 32 AM IST