Arabian Business: Middle East IT industry sees pay fall by up to 40%

By Joanna Hartley

Those working in the technology sector in the Middle East have seen their salaries drop by between 20 and 40 percent during the past year, it was reported on Wednesday.

Lower starting salaries, pay freezes and cut backs in perks and bonuses have had to be brought in as a result of the global crisis, according to HR managers and recruitment specialists.

A senior consultant from Dubai-based Lobo Management Services speaking to UAE daily Emirates Business reported that salaries and perks had declined up to 40 percent. (more)