A recent study carried out in the United Arab Emirates reports that 37 percent of UAE chief financial officers (CFOs) plan to expand their finance departments by hiring new talent over the next six months. Specifically, they reported high demand for specialists in accounting, business analysis, and financial management. This increase in job opportunities stems partially from companies accepting new projects or expanding product or service offerings. However, the majority of surveyed CFOs stated that finding well-qualified professionals can be challenging.
In addition to hiring new employees, many companies have developed more robust retention strategies. Presently, 87 percent of those surveyed are actively engaged in keeping existing talent on board. Furthermore, most participants expressed confidence in their businesses' financial outlooks and the future of the UAE economy more broadly.