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GCC Automotive Salary guide
Citation preview
2014 Salary Guide
aspiriti automotive recruitment
GCC AUTOMOTIVE INDUSTRY
www.aspiriti.comAspiriti Automotive Recruitment: 2014 Salary Guide
Contents
Welcome ....................................................................................The survey .................................................................................A positive outlook in 2014 ..........................................................The War for Talent Continues ....................................................Retention, Salary Pressure and Nationalisation ........................Influences on the GCC Auto Industry ........................................
Automotive Salaries ...................................................................
Aspiriti: the leading and largest specialist Automotive recruitment agency in the Middle East ......................................
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18
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ContentsWelcome to the first independent Middle Eastern Gulf Countries Automotive Dealership salary survey.
The job market in the Gulf for experienced automotive professionals is very positive and the general outlook for automotive dealerships across the entire Gulf countries is extremely buoyant.
Locating, attracting and retaining key automotive professionals is high on the list of concerns for most dealerships with all but a few citing these factors as the most pressing concerns for their business in 2014.
Your employment brand, how you attract potential high performance employees to your business, and offering competitive compensation is therefore vital for both attracting top talent to your organisation and encouraging your best people to stay.
Periodically benchmarking your salaries is key to making sure you are offering a market reflective package when fighting for this talent. Remember more often than not the high performing candidates will have more than 1 job offer to consider!
I hope you find the guide helpful as you continue building your team capable of meeting your most important business strategies. Thank you to all those companies that invested valuable time in completing this survey. With your help we are able to proactively contribute to the Automotive Industry’s development in the Gulf Countries!
Regards,
Michael LeonardManaging Partner
Welcome
www.aspiriti.comAspiriti Automotive Recruitment: 2014 Salary Guide 3
The true competitive advantage for any organisation is it's human capital
Ensuring you get the best talent for your business is a must
OTHERWISE YOU WILL LOSE OUT TO YOUR COMPETITORS
www.aspiriti.comAspiriti Automotive Recruitment: 2014 Salary Guide
The Aspiriti Automotive Industry Salary Guide is a comprehensive survey of salaries for specialists working within automotive dealerships throughout Middle Eastern Gulf Countries.
The guide includes salary ranges for around 70 positions within the automotive industry and key executives in each participating organisation were asked to provide salary ranges for each position. Organisations were classified according to country of operation.
The salary range listed reflects monthly base salary in US Dollars. Other package details, such as housing and transport allowance, bonus, medical, education, flights etc have not been included in these results.
We have attempted to include as many positions as possible. Some may be relevant to you, some not, some may be called one thing in your organistion and something else in another and we may also have missed some positions that you feel are important positions in your organisation. Please feel free to contact us so we can include them in next years survey. With your help we will quickly create a near perfect tool to help you manage your business!
Finally, the information provided has been collected from the participants and like all information provided by third parties we can only rely on the accuracy of information provided.
For a more detailed indication of a salary for a specific position, please contact an Aspiriti professional.
The Survey
Geographical Locations
United Arab EmiratesSaudi Arabia
QatarOman
BahrainKuwait
06Industry Positions Surveyed
69Across all
departmentsandatall
levels
Automotive Companies Surveyed
77 Dealerships and Principal
offices throughoutthe region.
5
81%
19% 0%
of companies are optimistic about the automotive
business outlook for 2014
are slightlypessimistic
say businessas usual
90%of companies will increase
their headcount in 2014
10%feel they willstay stable
0%think they
will decrease
The companies in the Automotive Industry throughout the Middle East Gulf countries are very optimistic about the year ahead. This is great news for industry professionals both in the region and those looking to enter the region.
The majority of companies surveyed indicated that they will be increasing their automotive professionals headcount in 2014. However, for organisations the war for talent only becomes more competitive!
A positive outlook in 2014
www.aspiriti.comAspiriti Automotive Recruitment: 2014 Salary Guide 6
Sourcing and attracting high performing employees with automotive industry experience is always one of the greatest challenge for organisations.
Automotive dealerships continue to fight for the best experienced professionals in a competitive and limited talent pool.
One of the greatest challenges highlighted by companies was finding quality experienced automotive professionals with specific or relevant brand experience.
High performing and experienced candidates will more often than not have more than one new career opportunity to consider. Candidates are not just attracted to a company by high salaries. Other factors such as the company brand, company reputation, company culture, product reputation and management team all play an important role in the candidate’s decision making process.
The war for talent continues
70%
73%
82%
“It’s a challenge to find quality automotive professionals to
join our business...”
“It’s a challenge to find quality automotive professionals with our
specific brand experience to join our business…”
“It’s a challenge to attract quality automotive professionals to our
business...”
www.aspiriti.comAspiriti Automotive Recruitment: 2014 Salary Guide
AGREE
AGREE
AGREE
7
73%
73%
72%
Retention, Salary Pressure and Nationalisaiton
“Retaining key staff is crucial to our business survival...”
“One of the major challenges in attracting and retaining staff in our business is increases in salary packages…”
You are successful in attracting talented staff, but can you keep them? The cost of an incorrect or a replacement hire can be as much as 50% of the employees annual salary, without even taking into consideration the loss of revenue or other productivity factors. It makes sense then that we need to retain our talented employees for business success.
Salary increases throughout the Gulf Region are a concern with the majority companies, not only for the profit margin pressures, but also for the greater challenges to retain key staff.
If your employees feel that they are being paid below market rates for their level of experience, then there is a chance that they will start looking at other career opportunities.
Every Gulf country would like to have more Nationals employed in their business. The pool of talented local candidates with automotive industry experience is small compared with the total automotive workforce. Saudi Arabia (75%), Qatar (100%) and Oman (100%) are the countries that view Nationalisation targets as a significant challenge.
74% “Another challenge that we face is adhering to Nationalisation targets set by the Government...”
www.aspiriti.comAspiriti Automotive Recruitment: 2014 Salary Guide
AGREE
AGREE
AGREE
8
“A major business challenge for our auto-motive business is the uncertainty of the
global financial markets…”
“Fluctuations in overseas currencies are a concern for our business as well…”
“The global financial markets could have an effect on the manufacturing costs and our profit margins...”
In 2014, the general consensus is that the GCC economy is somewhat protected from the uncertainty of overseas markets. However, despite this, fluctuations in overseas currencies and increases in manufacturing costs are considered to be major influences on the GCC Automotive industry.
China, as the largest market worldwide, and an increased locally produced product range, is making an aggressive push into all automotive markets globally. However, the majority of companies are still not seeing the entrance of these brands as a major threat to their existing business.
Customer loyalty and repeat business is considered to be a major focus for a large number of automotive dealerships in the GCC. The majority of dealerships view this as a major business challenge facing the automotive industry in 2014.
Supply of vehicles into some markets continues to be a challenge facing some automotive businesses in some locations. Demand from high growth markets such as China and North America can affect supply lead times.
“The competition of Chinese brands is a major threat to our business...”
“Customer loyalty and repeat business is a major business challenge facing the
automotive industry...”
“Keeping up supply to our customer demand is a major business challenge...”
Influences on the GCC Auto Industry
www.aspiriti.comAspiriti Automotive Recruitment: 2014 Salary Guide
AGREE AGREE AGREE
AGREE AGREE AGREE
36% 66% 64%
7% 81%65%
9
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THE SURVEY RESULTS
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SALES
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16
www.aspiriti.comAspiriti Recruitment - 2014 Salary Guide
BENEFITS
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17
ASPIRITI AUTOMOTIVE RECRUITMENT
www.aspiriti.comAspiriti Automotive Recruitment: 2014 Salary Guide
Aspiriti has been operating in the Middle East and North African regions since 2002. With an on the ground presence in Dubai and Malta, servicing the Gulf countries, North African and other emerging markets, Aspiriti is definitely committed to the growth of this exciting region.
With an extensive contact database of over 100,000 global automotive professionals and a network that spans all parts of the globe, Aspiriti consultants have extensive experience in sourcing high performance talent for all positions within the automotive industry.
Working with over 80% of the dealerships within the Gulf, Aspiriti know the nuances of the region, the major players and the movers and shakers within the industry.
Aspiriti has three talent sourcing divisions to meet all automotive client needs:
Aspiriti Executive Search: a retained executive search practice with demonstrated success in sourcing high level automotive executives from both the local and global markets. Best used for confidential assignments and senior level positions that require total market mapping. 100% guaranteed success of placement at all times.
Aspiriti Automotive Recruitment: when you need a quick turnaround for all positions at all levels within the automotive industry. Proven and tested methodologies are incorporated to achieve successful outcomes for clients.
Aspiriti Interim Solutions: when you need a short or fixed term solution, perhaps for a specific project, ERP implementation, maternity leave cover, or for someone to sit in a key role to hold the fort, whilst you undertake a thorough recruitment assignment. Aspiriti have a reliable and tested pool of experienced interim professionals to work within your business for periods of 3 months to a year or more.
AUTOMOTIVESPECIALISTS01 POWERFUL
DATABASE02 ONLINEREACH03 MOTORVATION
NEWSLETTER04Our automotive industry practice
provides you with a specialist expertise
across every function and at all
position levels.
Aspiriti has a database with over 100,000 automotive professionals and
growing.
www.aspiriti.com has more 15,000 unique visits per month and over
25,000 viewings of our online vacancy
advertisements.
Bi-monthly e-news emailed to over
10,000 subscribers, a unique
automotive direct marketing initiative
of automotive opportunities.
GLOBALNETWORKS05 TAILORED
SOLUTIONS06 EMERGINGMARKETS07 SOCIAL MEDIA
SAVVY08Our reach has no
boundaries! We are able to source
talent across all corners of the globe
for your specific requirements.
We deliver a uniquely tailored
portfolio of services to help you source the best local and global talent for your business
Extensive experience in
sourcing talent for emerging markets, conflict zones and
re-establishing markets.
Our entire team are active on Social
Media, promoting and engaging with a global network of social media users
increasing our candidate reach.
the leading and largest Automotive Recruitment specialist agency in the Middle East
18
ASPIRITI AUTOMOTIVE RECRUITMENT
www.aspiriti.comAspiriti Automotive Recruitment: 2014 Salary Guide
Aspiriti turn talent acquisition into a performance advantage:
Aspiriti employ a comprehensive and efficient recruitment process, that delivers on time, everytime. Locating and securing the best talent presents numerous challenges in today's competitive marketplace, there are acute shortages of, and increased competition for real talent.
Aspiriti have a comprehensive and proven talent sourcing process:
Aspiriti take the time to understand your company's unique culture and the specific requirements for each individual hire. We advise of the most cost effective sourcing strategy to ensure that the talent is sourced in a successful and timely manner. Our proven process of candidate screening, evaluation and selection ensures that you are presented with the right candidates to meet your business needs.
To learn more about how we can help with your talent sourcing requirements contact Aspiriti:
recruitment partner of choice for automotive companies throughout the Middle East
ONLINE: www.aspiriti.com
DUBAI: +971 4368 8597
MALTA: +356 2155 4039
EMAIL: [email protected]
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