2023-05-14 02:44:01
ABU DHABI – The UAE ranks first in the world in 5 labor market rankings, including the Talent Attraction Index and lowest labor dispute rate. The UAE’s achievements were enumerated in the Global Prosperity Index released by UK’s Legatum Institute. The UAE’s excellence is also highlighted in the World Competitiveness Yearbook (2022) released by the International Institute for Management Development in Switzerland.
According to the Global Innovation Index released by the World Intellectual Property Organization, the level of compensation related to the breach of the employment contract, the reduction in the loss of working hours, and the accuracy in complying with the labor law.
According to the 2022 World Competitiveness Yearbook, the UAE ranked second in the world in 5 factors: availability of specialized senior managers, employment rate, low unemployment, percentage of expatriate workers and number of people employed per population. Noora Al Marzooqi, Assistant Undersecretary for Policy and Strategy at the Ministry of Manpower Repatriation, said that modernizing and ensuring compliance with legislation and the legal system has contributed to the UAE’s success in international indices.
Another advantage is the strong economic environment to attract global investment and talent to the UAE. The country’s policies have improved the quality of the working environment. Government and private sector collaboration in various sectors has boosted GDP. Another factor to highlight is the strong and stable economic situation in the world. Employment is also ensured by providing an opportunity to utilize the skills of indigenous talent in the private sector as well.
Golden and green visas have also made the UAE world-class by providing a paradise of opportunities for investment, employment and residence. The UAE has become a global model for working and living in the world. UAE is among the top 10 countries globally. Federal Competitiveness and Statistics Center MD Hanan Ahli said that the UAE ranks first among 505 indices in the Arab world.
It added that the UAE’s competitiveness in various sectors such as human resources, trade, industry, tourism, education and healthcare strengthens the national economy.
English Summary: UAE leads in five labour market rankings across the globe
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