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Posted on Sustainabilitank.info on August 22nd, 2010
by Pincas Jawetz (pj@sustainabilitank.info)

We feel that if the data here is accurate, Arab business is rather looking for new talent in the new world. We believe that most young recruits to businesses in North Africa and the Middle East are returning young talent and that this positions well these business companies for the changing global atmosphere. It is rather that then looking to hire on the cheap. The business slow down has just helped refresh the human capital of MENA (The Middle East – North Africa Arab region).

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 www.arabianbusiness.com/595422-me…

MENA firms hire new graduates to cut costs – poll

by

Elsa Baxter,  Sunday, 22 August 2010.

GRADUATES: 37.6 percent of people said their employers preferred to hire fresh graduates post recession. (Getty Images)

GRADUATES: 37.6 percent of people said their employers preferred to hire fresh graduates post recession. (Getty Images)

Almost 40 percent of Middle East and North African (MENA) employees said their company was more interested in hiring new university graduates since the global recession, according to the latest poll by Bayt.com.

The survey, which consulted 13,197 respondents from across the region, found that 37.6 percent of people said their employers preferred to hire fresh graduates, while 26.4 percent said they were less inclined to do so. A further 19.2 percent of respondents said things were unchanged.

More than half (51.7 percent) of participants said the number one motivation behind the hiring was financial because new graduates command lower salaries and fewer benefits, while 12.7 percent said it was because they would have more passion for the job.

A further 10.4 percent it was because new graduates would have more creativity, 8.4 percent said it was due to their fresh analytical thinking, and 5.1 percent cited better communication skills. {our math says this is 37.6% or that one out of 2,9 respondents was honest about the motives. The others belong to the commonly held  idea that age makes people wiser while we rather think that today ag makes most people more obsolete}

“The results of our most recent poll show that in times of economic strife employers are perceived as more likely to hire fresh graduates mostly due to the fact that they accept a lower salary and require fewer benefits,” said Amer Zureikat, vice president of sales, Bayt.com.

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