Further, almost half (43%) of respondents believe that salaries are increasing in Qatar and 18% believe they are staying the same. In terms of current salary package composition, more than six in 10 respondents in Qatar (61%) receive basic salary as well as benefits in their compensation package while 13% of those surveyed actually receive their basic salary plus benefits and commission and 26% only receive a basic salary.
Of those receiving additional benefits in Qatar, personal annual ticket (40%) was the top benefit received by employees, followed by a transportation allowance (33%), and personal medical insurance (29%).
When it comes to end of service benefits in Qatar, two-thirds of respondents (66%) stated that their company offers an end-of-service gratuity, and 7% claim they will receive a pension on retirement and 7% claim that they have other forms of benefits.
However, 22% of respondents state that they do not receive any end of service benefits. Twenty-one percent 21% of Qatar respondents claim that the salary they earn is the main loyalty driver, while 28% claim that their loyalty to the company is not linked to the salary they receive.
In 2016, nearly four in 10 respondents (39%) in Qatar received a salary raise. On the other hand, half (50%) of those surveyed did not receive a pay raise in 2016. Of those who did receive a raise, 53% were very happy or modestly happy with their raise. Over half (57%) of respondents in Qatar are expecting a salary raise in 2017.
Future plans and expectations
The majority of respondents in Qatar (64%) claim that they are planning on finding a better job in the same industry within the next 12 month, while 30% stated that they will be looking for a better job in a new industry.
Asked about salary trends, 43% of respondents believe salaries are increasing in Qatar. Factors causing salaries to increase include growth in opportunities and economic growth in their country of residence (33%), inflation/rise in the cost of living (30%) and removal of the NOC clause/greater flexibility to switch jobs (23%).
Expenses and savings
With regards to the rising cost of living in Qatar, the bigger proportion (21%) of respondents have seen their cost of living increase between 6% and 10%. Respondents claim to have seen an increase in food and beverage (72%), rents (62%), and utilities (54%). When it comes to the future, the majority (69%) of respondents believe that the cost of living in Qatar is going to increase further.
That being said, 57% of respondents in Qatar still manage to save a portion of their income and nearly three quarters (73%) manage to repatriate a portion of their salary to their home country.
Investments and home ownership
The top monthly expenses for respondents in Qatar were rent (43%), food and dining out (26%), and education/children’s schooling/books (13%). When asked about the frequency of eating out, 18% of respondents said they eat out every day, 26% said they eat out a few times a week and the rest do so less often.
Twenty-three percent of Qatar respondents make financial investments on a regular basis. The most popular choice for monthly investments of those surveyed includes property (regional) (19%), gold (16%) and investing in their own business (16%). The survey showed 43% of respondents own a home. Thirty-two percent are interested in owning a home in their country of residence and 65% would like to own a home in their home country.