UAE Ranks Number One amongst Next Emerging HR Hubs in Market Research Study
- Dubai Knowledge Park, Society for Human Resource Management unveil findings of market research study: ‘Emerging HR Hubs – Regional Trends in Internationalisation and HR Mobility’
- Study identifies global HR trends, emerging HR hubs
- Please click here to download the full version of the study
Dubai-UAE: 8 November, 2017 – Dubai Knowledge Park (DKP) and the Society for Human Resource Management (SHRM), the world’s largest HR professional society, unveiled the findings of an in-depth market survey entitled ’Emerging HR Hubs – Regional Trends in Internationalisation and HR Mobility’ at the HR Summit and Expo 2017 in Dubai.
Surveying HR professionals on their perception of the industry, the joint study aimed to identify global HR trends and emerging HR hubs, and gauge the expansion and risk appetites of HR organisations. The online survey collected responses from 835 employees of HR companies from 27 countries across Europe, the GCC region and Asia.
The research found that the UAE tops the list of emerging HR hubs by an overwhelming margin, outranking established markets such as Singapore and Malaysia. Meanwhile, the respondents consider the USA to be the unequivocal global leader in innovative HR practices, followed by the UK, Canada and Australia. In terms of emerging markets, the UAE is the prime contender, outweighing countries such as Singapore, India and Finland.
Another notable finding concerns the ease of setting up business. While the surveyed professionals have identified the USA as the easiest location to set up and operate an HR organisation, with Canada and the UK placing second and third respectively, the UAE ranks fourth – and first amongst emerging markets – ahead of Australia, Europe and Singapore.
The UAE also takes fourth place among the best locations for an HR organisation to expand internationally, outranking established HR hubs such as the USA and Australia, with Europe, Canada and the UK amongst the top three.
The survey has brought to light the importance of networking, with respondents selecting the USA as the top destination for potential networking opportunities in HR, with the UAE coming second, ahead of the UK, Europe, Canada and Australia. The respondents also rank the UAE as the third most preferred destination for attending international HR events, followed once again by the UK, Europe, Canada and Australia. In addition, the UAE was by far the favourite emerging market for a professional delegation tour, followed by China, India, South Africa and Malaysia.
Speaking on the occasion, Mohammad Abdullah, Managing Director of Dubai Knowledge Park, said: “We are pleased to unveil the findings of the market survey, conducted in collaboration with our partner SHRM, that demonstrate our commitment to HR excellence and validate our endeavours to establish the UAE as leading global HR hub.”
He added: “In an era where industry disruption is pervasive and businesses are constantly challenged to reinvent themselves, the HR function is a key enabler in attracting, developing and retaining quality human capital. HR professionals play a critical role in supporting business transformation with the appropriate structure, culture and capabilities whilst encouraging companies to adopt progressive people practices.
“In building on the success of our collaborative efforts to boost the HR sector in the UAE, we look forward to spearheading the next phase of the country’s human capital development journey.”
For his part, Brad Boyson, Executive Director of SHRM MENA, said: “A sustainable, knowledge-based economy cannot be created without world-class people practices. A profound takeaway from this survey is the degree of confidence that HR stakeholders from around the world have in the potential of the UAE to become not just a regional hub of HR excellence but a global leader in the field.”
Other key findings of the study include:
- The number one factor that positions a market as an HR hub is the availability of qualified and skilled talent, supported by the presence of universities producing world-class graduates.
- The surveyed HR professionals deem market stability, reputation of organisations and cultural diversity to be the second, third and fourth most important attributes of a thriving HR hub.
- Eighty-one per cent of respondents support the need for passing a competency-based exam to practise the HR profession. An overwhelming majority – 91 per cent – feel that formal, ongoing professional development is crucial to maintain the right to work in HR.
- Education and HR emerged as the most popular target industry for a professional delegation tour in an emerging market, followed by hospitality and tourism, and the healthcare/medical sector.
The launch of the findings was among the key highlights of the HR Summit and Expo 2017 at the Dubai World Trade Centre. Focusing on the latest HR trends, technologies and solutions, the event aims to provide inspiration, knowledge and connections to grow and transform businesses.
The ‘Emerging HR Hubs – Regional Trends in Internationalisation and HR Mobility’ study is available for download here
About Dubai Knowledge Park
Dubai Knowledge Park (DKP) is a premier destination in the region dedicated to human resource management and consulting, vocational training, executive search and professional development. DKP was established in 2003 as a member of TECOM Group to support the Government of Dubai’s vision to build knowledge-based economy in Dubai and develop the region’s human capital.
With over 500 business partners, including the Society of Human Resource Management (SHRM), CEB-SHL, Towers Watson, Chartered Institute of Personnel and Development (CIPD), Hays, Carmichael Fisher and Innovative HR Solutions, DKP aims to establish itself as a trusted business partner and a centre of excellence for professional development.
Hosting multiple world-class training institutes and recruitment consultancy firms, DKP helps meet the needs of businesses through offering training programmes to professionals and providing home to recruiters that match the newly acquired skills and competencies with employers.
About Society of Human Resource Management
The Society for Human Resource Management (SHRM) is the world’s largest HR professional society, representing 285,000 members in more than 165 countries. For nearly seven decades, the Society has been the leading provider of resources serving the needs of HR professionals and advancing the practice of human resource management. SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China, India and United Arab Emirates.
The Society for Human Resource Management Middle East & North Africa (MENA) office is located in Dubai Knowledge Park (DKP) United Arab Emirates. SHRM MENA provides support to our members and partners throughout the Gulf Cooperation Council (GCC), Levant and North Africa region via certification and professional development programs, conferences and in-house courses to both private and public-sector clients.
For further details, please contact:
Dubai International Academic City and Dubai Knowledge Park
+971 4 360 2960
Senior Account Manager
+971 55 103 8154
SHRM MENA | Dubai Knowledge Park, Dubai, UAE
Society for Human Resource Management
Dipti.Rane@shrm.org | +971.4.364.9464