Business

Saudi Arabia’s Future Specialisations: Labour Market Demands & High Wages

Published

2 days ago

12th November 2024

Huda

Certain specialisations have to outperform others in the Kingdom of Saudi Arabia’s rapid expansion at all levels.

Consequently, there are now more opportunities for high-paying jobs in both domestic and international Saudi businesses.

Specialisations’ Vital Role in Business

The labour market of today demands skills and a practical culture to move the professional and practical community in the right direction. This calls for certain specialisations, the first of which is in human resources, since the salary of a human resources specialist in any company ranges from 10,000 riyals for regular employees to 150,000 riyals for capable and senior human resources professionals.

As it is in charge of hiring staff and paying them, overseeing the company’s internal community, fostering dedication, and forming alliances between the work team and upper management, it is actually an indispensable speciality.

All legal specialities and divisions are in high demand. Have you walked into a business and failed to locate a legal specialist? Have you ever worked for a government or commercial organisation that lacked a legal defence for its work or tenders?

Legal specialisations are so crucial that their compensation ranges from 14,000 to 140,000 Saudi riyals.

Given the significant advancements in technology in the Kingdom of Saudi Arabia, all of its facilities must have technical and computer specialisations. Employee salaries range from 20,000 to 130,000 riyals, and this amount is likely to surpass that since technology is now a necessity rather than a luxury.

It also has branches, such as data science and artificial intelligence, and its salaries begin at a good level, as does logistics services, to which the Kingdom has given great importance within Vision 2030.

While manufacturing is the least fortunate due to the competitive market, it has certain income levels that are the best of many specialisations, reaching 90,000 riyals.

Factors Influencing Salary Levels

We now go on to the leaders of the previously listed specialisations in the private sector, including CEOs, and even other sectors, where their wages may reach 350 thousand riyals.

This includes contracting and development, and in certain sectors, like financial institutions, salaries can surpass this amount.

These salaries are typical because they compete on a global scale. The Kingdom of Saudi Arabia no longer operates locally, which draws workers and employees from around the world.

As a result, it is necessary to pay high salaries and wages. This is not just the case for the private sector; we also find that government sectors, like undersecretaries in ministries, compete on salary levels.

Who decides these salaries is still an open topic. Every country has a minimum salary, and in Saudi Arabia, it is 4,000 riyals.

While some specialities, like dentistry, accounting, and engineering, have raised their minimum salaries, other factors still affect pay. For instance, vital sectors have high-profit margins, which affects pay, and the size of the business also affects income.

The most well-known of these criteria is probably the lack of skill, which is a justification for raising revenue. However, this criterion is considered unjust to Saudi society’s undiscovered abilities.

Investing in Training Programmes

The most essential question here is how to boost your market worth with a speciality that is already promoted for itself.

Employees need to understand that they have a role in raising their income as long as they have a role in improving the productivity of the company where they work. Some employees also invest in training programs that enhance their career in their company, or they work multiple jobs within their speciality, a practice known as job rotation.

Programming, for example, is an area where a talented person may outperform the one with the certificate, whereas other specialisations—like engineering or medicine—are severely impacted by technology taking over their work.

In the Kingdom of Saudi Arabia, specialisations are generally undergoing significant change. We observe that university acceptance rates for labour market-required specialisations are quite high (up to 100%), whereas those for non-required specialisations are low (down to 50%). Therefore, students who wish to create a future for themselves are responsible for the effort.