How Placement Services Are Evolving in the Middle East
The employment market in the Middle East is highly active, and a number of recruitment activities are taking place. According to the National News, wages are expected to grow by 4% to 7% on average by the end of this year. As per the poll taken by Hays Middle East and featured in The Khaleej Times, around 69% of companies in the UAE plan to expand their workforce by 2024. The high employment outlook is driven by a generally positive economic expectation for the Middle East. In such times, where the demand for talent is soaring, placement services are playing a pivotal role.
Placement services, a complete revolution to the recruitment process, make the employment process faster and more efficient. They help organizations to source suitable talent. Additionally, they help job seekers find the right employment opportunities.
The use of placement services has gradually increased in the Middle East as the region has witnessed a new shift in hiring trends in the recruitment sector. Today’s post highlights how these services are evolving in the Middle East. Moreover, it also discusses the future of placement services. So, continue reading to find out.
Placement Services in the Middle East
The economy in the Middle East continues to grow, leading to a huge demand for a skilled workforce. As such, there has been an exponential rise in placement services. These agencies help create a link between employers and employees.
Employers find placement services vital. With their large networks and deep industry knowledge, they are able to search for and analyze extremely talented people. This, in turn, helps to fasten and simplify the employment process.
The placement services in the Middle East employ the latest technology for talent acquisition. Technological application in processes like matching candidates and jobs through artificial intelligence, big data, and better Applicant Tracking Systems (ATS) increases the speed of the hiring process. By employing data analytics, artificial intelligence and machine learning, they determine the qualified candidates for a particular job and match them accordingly. It also helps in the improvement of the process of hiring and gives an organization proper tools that it can use in arriving at the right decisions for the future. Employers today in Middle Eastern countries can search for the ideal candidate better, hence saving time and costs.
Placement services in the Middle Eastern region are transforming the approach that firms use to acquire talent. They help firms attract and maintain quality employees in their business flow. They help create opportunities that are key to innovation and development.
Future of Placement Services
Some of the latest trends in the Middle East and Africa that shape the future of placement services are highlighted below:
– Digital Transformation
Technological advancements are transforming the recruitment and placement industry. Advanced digital technologies, including AI, machine learning, and big data analytics, are enhancing the effectiveness and precision of placement services. These technologies improve an organization’s capacity to accurately match applicants with job openings, reducing the time and effort necessary in the hiring process. The use of digital technologies is becoming more common in technologically advanced markets. Saudi Arabia and Qatar are investing heavily in technical infrastructure, cementing digital transformation as a critical accelerator for the future of placement services.
– Specialized Talent
Specialized talent is highly welcomed in Middle Eastern countries nowadays. The technology, healthcare, finance, and renewable energy sectors are some of the sectors experiencing rapid growth and are thus creating market demand for highly proficient candidates. To satisfy this need, placement firms are gradually shifting their focus toward specialized talent. KSA’s Vision 2030 aims to diversify the economy, which means expanding many sectors and requiring relevant professionals. In addition, Qatar’s National Vision 2030 is fueling the demand for qualified candidates in the educational, health care and infrastructure sectors.
– Remote Work
The COVID-19 epidemic has accelerated the remote work. It will most likely continue in the future. Employers are now willing to hire employees from other parts of the globe, meaning the talent pool is much bigger. Placement services appear to have remote placement so that both the applicants and employers can meet this demand. For businesses operating in dynamic markets like Dubai and that are currently operating on a global level, access to talent from across the globe is a major plus. Likewise, Saudi Arabian and Qatari organizations employ remote work to source international talent and fill the most important jobs.
– Diversity and Inclusion
Diversity and inclusion are gaining more prominence. As per Forbes, an organization that embraces diversity is 1.7 times more innovative. The involvement of placement services is critical as far as issues related to diversity are concerned. It helps in sourcing people from different backgrounds and as well checks on the recruitment procedures to ensure that they are diverse.
Some human resource management policies include nationalization policies for Qatari and Saudi companies that aim to increase the representation of indigenous people in work establishments and improve gender diversity. With a diverse workforce being one of Dubai’s biggest assets, the city continues to champion diversity and inclusion as a way of fostering competitive innovation and business superiority.
Conclusion
With the help of advanced technology, placement services in the Middle East are revolutionizing the talent acquisition landscape. Considering the further development of the Middle East, placement services will play an essential role in enhancing corporate effectiveness and creativity since they find the top talent. Some of the trends that are likely to impact the future of placement services in the Middle East include technological enhancement, a focus on specialized talent, and inclusion and diversity.
The region has been experiencing positive changes in the recruiting industry that, therefore, present new opportunities and challenges for placement services. Thus, by identifying these trends and making specific proactive moves to embrace the emerging patterns of the workforce, organizations and placement service providers can ensure their capability to attract the best talent that would enable them to achieve various organizational objectives in such a dynamic business environment.
Arthur Lawrence steps in filling vital positions for organizations in the vibrant Middle East and African region. Our management and technology consultants help organizations of various sectors establish a strong workforce proficient for the new world economy. Contact us to learn more.