No raise? Get ready to spend on hiring

Freezing pay hikes is leading to a rise in employee resignations in UAE

- BY MANOJ NAIR Business Editor

Delayed pay rises for staff? Then expect key employees to quit.

That's the crisis facing businesses who are choosing to save on costs where possible and freezing salary hikes as one of the ways to do so.

According to new findings from the hiring consultancy Robert Walters, nearly half of business leaders polled have already seen an increase in employee turnover, especially from their white-collar ranks.

Constraints, consequences