The United Arab Emirates (UAE) is a hub for startups and entrepreneurs. With its vibrant economy and business-friendly environment, it’s no surprise that many companies are looking to set up shop in Dubai. However, when it comes to hiring employees, many employers overlook the advantages of employing local talent.
Local talent can bring a wealth of unique skills and experiences to the table that international hires may not possess. According to a study by McKinsey & Company, companies with diverse workforces tend to be more innovative and creative than those without. This is because employees from different backgrounds bring different perspectives and ideas to the table, which can lead to breakthroughs in product development or new ways of doing business. Additionally, local hires are more likely to stay with the company for longer periods of time due to their familiarity with the culture and language.
Furthermore, there are practical benefits associated with hiring locally as well. Companies can save on costs such as visa processing fees and accommodation for international hires. Additionally, businesses that satisfy certain requirements can benefit from reduced fees from the Ministry of Human Resources and Emiratisation (MOHRE). The MOHRE also runs an Emiratisation program which encourages businesses to hire local talent by offering incentives such as tax breaks and subsidies for training programs.
There are numerous examples of successful startups in Dubai that have successfully integrated local talent into their teams. For instance, Careem is a ride-hailing app that has grown exponentially since its launch in 2012 thanks in part to its focus on hiring locally. Similarly, Souqalmal is an online comparison website that has seen success due to its commitment to recruiting top Emirati professionals who understand the needs of customers in the region better than anyone else.
In conclusion, there are numerous advantages associated with hiring local talent for [Dubai] based startups. From improved creativity and innovation due to increased diversity within the workplace, to cost savings associated with visa processing fees and accommodation for international hires – integrating [Emirati] employees into your [startup] team can be beneficial for your business in more ways than one!