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Saudi Arabia’s High-Skilled Workers Are Set For A Salary Boost

Saudi Work Salary

Average salaries for high-skilled workers in Saudi Arabia may increase by as much as 17% by 2030, according to a new study.

Average salaries for high-skilled workers in Saudi Arabia may increase by as much as 17% by 2030, according to a new study.

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The study by Korn Ferry, called The Salary Surge, said that this would add USD 33.6 billion (SAR 126 billion) to payrolls.

The fields of expertise where these raises will be most obvious include the media and technology and communications industries, the study said. Wage premiums in the media industry will reach USD 1.1 billion (SAR 4.3 billion), while the technology and communications industry will see wage premiums of USD 2.4 billion (SAR 9 billion).

“This is a challenge facing both corporate and government leaders planning for economic success in the new economy,” said Harish Bhatia, regional director at Korn Ferry Products MENA.

SEE ALSO: Inflation in KSA dropped in April, but will probably rise again

He said that it would be wise for governments to increase the number of people with high skill sets in these industries. He suggested doing this by investing in education.

“The longer-term solution starts in the education sector and how we are preparing our students with new skills more adaptable to the future of work.”

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