career Archives - ESG Mena

The Labour Fund “Tamkeen” has announced its support for the wage increment of 50 Bahraini employees at Junaid Perfumes, a fragrance manufacturing and trading sector.

“We aim to support the growth and career development of national talent in the private sector by offering various training and wage increment support, and we continuously work with institutions in the private sector that believe in investing in their national workforce and providing opportunities for career advancement in order to achieve economic growth,” said Khalid AlBayat, the Chief Growth Officer at Tamkeen.

According to Tamkeen, the partnership with Junaid Perfumes has spanned several years, through which the organisation has supported the company’s expansion and the wages of national employees through the National Employment Program and the Wage Increment Program.

Over 110 Bahraini employees have benefited from the Enterprise Support Program, it was shared.

“We have always been dedicated to fostering their career development of our team and continuously motivating them, which positively impacts their performance within the organization and helps enhance their productivity while maintaining a thriving work environment,” said Hamad Junaid, Managing Director of Junaid Perfumes.

“With the support provided by “Tamkeen”, we can further advance these efforts, expand our operations, and enhance our positive impact on the national economy.”

Promoting the professional development of national talent within private sector institutions, is one of the three main support pillars at Tamkeen, alongside employment support and institutional support.

The organisation noted that its support is part of its 2024 strategic priorities focused on economic impact and the private sector under three pillars: increasing economic participation through new employment opportunities for new entrants, expanding career development opportunities available to Bahraini workforce, and further developing the private sector by supporting enterprises and boosting productivity and adoption of technology. 

The CFA Institute has released its 2024 Global Graduate Outlook Survey, which interviewed a sample of 9,916 respondents, including 500 nationals in the UAE, to assess trends in finance and related fields as a career choice. This included evaluating respondents’ thoughts about career prospects amid economic volatility and their perception of the social impact of financial industries.

The survey was fielded by Dynata with a sample made up of those studying for a bachelor’s degree or higher or those who have graduated with a bachelor’s degree or higher within the last three years, aged 18-25.

Respondents hailed from the UK, US, Canada, India, Australia, Singapore, Hong Kong SAR, UAE, Germany, Spain, France, Brazil, Mexico, and China.

It found that 78 per cent of graduates are confident in their future career prospects and 72 per cent rate their career prospect confidence as at least 7 out of 10.

More regionally, the survey revealed that 92 per cent of Emirati graduates feel confident about their future career prospects. A total of 93 per cent of Emirati graduates also reported feeling well-informed about what employers are looking for, compared to the global average of 81 per cent.

Globally, the finance industry was found to be the top industry where graduates are confident in their career prospects.

Indeed, finance was found to be the top career field graduates consider most stable and attractive. This was followed by STEM.

Humanities and arts ranked at the bottom for graduates, who reportedly continue to be concerned about low pay.

Graduates were also found to be concerned about a lack of jobs in their preferred sector and feeling unfulfilled or uninterested in their work.

Further, graduates were found to be looking to make a positive impact on social and environmental causes. Indeed, 91 per cent of graduates consider it important to make a positive social or environmental contribution through their careers.

Ninety-two per cent of graduates also said that they would be influenced by a company’s commitment to ESG factors when deciding whether to apply for a job or pursue a career with them.

Regionally, in the UAE, it was found that 93 per cent of respondents believe it is important to contribute positively to society and the environment through their work, and 57 per cent of Emirati graduates said that they are influenced by a company’s commitment to ESG when deciding on pursuing a career with them.

Read the full Graduate Outlook report here.

career

Tamkeen Supports Wage Increment for Bahraini Employees

The CFA Institute: 2024 Global Graduate Outlook Survey