For those who have never been to Saudi, it boasts huge natural resources, and not just oil although it does account for 45% of GDP. Here are a few facts about Saudi Arabia with regards to human resources and why recruitment and retention are huge issues in Saudi :
- Saudi boasts a population of 27M, with 5.5M expatriate labour force, and a growing economy. The total workforce is approximately 6.7M.
- The Saudi male unemployment rate is 13%, some estimates range as high 25%. There are no figures available for females.
- Literacy is high and 85% male literacy, 71% female literacy, and females entering the working population is now becoming a more accepted practice.
Companies are really struggling to compete for talent, and jobsites and how to leverage technology to recruit better and faster, are top of mind for HR.
I remember years ago when the Aramco (the largest oil firm) opened a recruiting office in North America simply to meet and greet potential hires, primarily experienced oil engineers. They were also able to deal with key recruiting suppliers more readily. Now companies have realised that the Internet creates a level playing field; and those same advantages can be realised by having a decent website and some smart recruiters behind it.
I'm really looking forward to the event and will be back at the end of the week with feedback.
Ben,
If you want to read about or attend our Riyadh event tomorrow night, then here's the link:
The Hiring Solutions Company KSA is honored to invite you to a very special Iftar Dinner to be held at the Sheraton Riyadh ...more
No comments:
Post a Comment