socialmedian: HR crunch: Gulf banking sector

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HR crunch: Gulf banking sector

Source: Jon Ingham's Strategic Human Capital Management (HCM) Blog

Jul 23, 2008

Summary

I'm seeing more and more about the talent crunch, at the same time as the economic one seems to be biting deeper.

Particularly in the usual places - China and the UAE. This is from Monday's FT:

"While US and European banks are shedding tens of thousands to shore up earnings, Gulf banks face a crisis of a different sort - an acute lack of human resources.

Stories abound of entire trading desks in Dubai being lured away by competitors offering two-year guaranteed bonuses. According to one asset manager, the average time spent at a financial institution in the emirate is less than a year. "

I'm back in Dubai and Abu Dhabi towards the end of August, anyone who wants to meet me there, please do get in touch at: info [at] strategic [dash] hcm [dot] com - or call me on +44 7904 185 134 / skype strategic-hcm.

Technorati Tags: Dubai,UAE,Gulf banking sector,HR crunch,human resource crunch,Robbin Wigglesworth,FT

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