Dubai: Rising inflation and weakening of Gulf currencies have taken a toll on the Middle East job market, with majority of Indian and Pakistani workers unhappy with their current jobs and willing to look for a change, a new survey says.
According to the ArabianBusiness.com salary survey, 69% of workers were more likely to quit their jobs this year.
Only 16% Indian and 13% Pakistani workers said they were less likely to switch jobs.
The attractiveness of the Gulf for expatriate workers has taken a beating over the last two years due to the rising cost of living and weakening of Gulf currencies linked to the declining dollar.
Inflation surged to record highs across the Gulf last year, rising 14% in Qatar, 7.6% in Oman, 6.2% in Kuwait, 6% in Saudi Arabia, 4.9% in Bahrain and 9.3% in the UAE.
The businesses in Gulf countries, where the number of Indian workers is estimated to between four and six million, face a tough year ahead in retaining staff with majority of the workers expressing willingness to quit their jobs this year, the survey said.
Data from the annual survey shows a sharp fall in job loyalty across the Gulf. In Saudi Arabia, 69% were planning a job change while in the UAE the figure stood at 68%.