Three per cent of Middle East residents are highly satisfied with their remuneration, 52 per cent are averagely satisfied and 45 per cent stated they have low satisfaction, according to a recent survey.

Leading job site Bayt.com revealed the results of its 2011 East Salary Survey conducted by in conjunction with regional research specialists YouGov Siraj at the “Salary Trends 2011” event it held yesterday (March 23) at the Dubai World Trade Centre (DWTC).

The event was organized in collaboration with DWTC as part of Careers UAE 2011, a major careers fair.

“Bayt.com has a long tradition of hosting similar employer roundtable events around the region to foster a dialogue about the very latest in pan-regional MENA-wide as well as very local HR trends and developments,” said Amer Zureikat, VP sales, Bayt.com.

“At Bayt.com, we are dedicated to the region’s development as much as we are to our job seekers and employers. Participating in such forums allows us to use our expertise to benefit the region’s companies while strengthening its HR resources and knowledge,” he added.

The event was organized in three parts. The first, Salaries: Are they the only retention factor?, discussed whether salaries are still a key path to employee loyalty in addition to other top employee motivators.

Next, Zureikat discussed the satisfaction of the Mena region’s professionals with their 2011 income, competitive packages and raises as per the Bayt.com Middle East salary research survey.

Muhammed Younas, product manager, Bayt.com, gave an informative session on the best Middle Eastern salaries earned today and pay structure comparisons using Bayt.com’s online salary calculator tool.

“As the Middle East’s leading online business and recruitment intelligence platform, we welcome the opportunity to network with new and existing employers highlighting how our expertise in the human resources industry and Middle Eastern market in general can best benefit them. We received a very positive response at this event and plan to hold many more,” added Zureikat.

Mubeena Mohammed, senior consultant, Great Place to Work Institute, said: “The insights and perspective shared today – will surely help a lot HR professional to rethink their employee retention programmes.”

“The illusion of salaries being a key motivational tool – no longer holds good, today employees are looking for purpose and belonging; a relationship at various levels with an organization. With Bayt.com providing such valuable insights – it surely provides an entirely new perspective on what motivates employee these days and what businesses should do to keep them engaged.”

Osama Hamza Al Rahma, general manager, Al Fardan Exchange, added: “Bayt.com’s HR roundtable provided the required insights on the latest trends in the industry and also fostered dialogue and discourse among the participants. The bayt.com Salary Trend 2011 – will prove to be an effective and handy course corrective measure for better employer, employee engagement.”

The final part of the event featured an Employers Round Table Discussion where guests were invited to ask their questions and give their feedback in the presence and with the support of Bayt.com’s professionals. – TradeArabia News Service