UAE demand for financial officers outstrips supply

Sep 22, 2015

Financial bosses in the United Arab Emirates fear they are losing skilled employees to firms in the UK and USA, according to research by global recruitment consultancy Robert Half.

Recruiters are facing “fierce” competition when trying to recruit the best candidates for finance and accountancy roles, the company said.

Senior financial officers in the UAE said they feared their best performers would be lured away by the “attractiveness” of the overseas market.

According to the survey, more than a quarter of financial officers in the UAE were “very concerned” and 64 per cent were “somewhat concerned” about losing their staff next year.

The financiers surveyed also said that many prospective candidates were lacking the right technical and commercial skills to work in top-level finance and accountancy.

More than half said recruiting people was “somewhat challenging” and 48 per cent claimed a lack of niche technical expertise was the biggest issue.

A quarter said candidates did not have the right business and commercial skills.