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Abu Dhabi: The UAE
has been ranked 5th among 139 countries by the World Economic
Forum (WEF) for efficiency in the labour market, a media report
said Wednesday.
The UAE's ability to retain qualified manpower, flexibility of
wage determination, professional code of ethics and productivity
of the workforce all contributed to its ranking, Gulf News said in
an editorial.
"On the flexibility of the mechanisms governing the hiring and
firing of workers, the government has already moved to deal with
this by announcing new rules, which allow workers to move freely
between jobs after two years with a company, among others.
"These new labour regulations will improve the position of the UAE
in the WEF rankings in the coming year," the editorial said.
The introduction of increased competition and freedom of movement
in the UAE labour market will make it more attractive to skilled
workers and easier for companies to shed inefficient and
unproductive workers, it said.
However, companies will also have to ensure that they can retain
those in whom they have invested significant recruitment and
training expenses, the paper added.
"By balancing the rights of workers with the demands of companies
for productivity in a sophisticated labour market, the UAE will
secure the skills the country needs for its social and economic
development," it said.
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