A study was conducted by Bayt.com, among a sample of 9,537 professionals in Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Sultanate of Oman, Qatar, Saudi Arabia, Syria, Tunisia and the United Arab Emirates (UAE). In Lebanon, the survey was conducted between April 20 and April 28, 2014 with 295 professionals.
All in all, 57% of Lebanese respondents are only “moderately” satisfied with their current salary, while 41% of those surveyed declared “dissatisfied” with regard to remuneration and only 2% were “very satisfied” with their current salary.
In comparison, 51% of respondents in the Arab world have said they are “moderately satisfied” with their current compensation, 45% said they were “dissatisfied” and 3% “very satisfied”.
According to the same survey, 56% of Lebanese respondents considered to be paid less than their colleagues in other companies in the same sector, 24% think their salary is in line with market conditions and 5% said they were better paid than their peers.
According Bayt.com, 42% of Lebanese are unable to save anything of their monthly salary, 34% save less than 15% of their salary and 20% manage to retain more than 15% of their monthly income.
In parallel, the study showed that 39% of Lebanese respondents reported they didn’t receive a pay increase in 2013. 22% reported having received an increase of 5% this year, while 15% reported they received a salary increase of between 6 and 10%. In addition, 8% of respondents reported having seen an increase of between 11 and 15%, and 9% said they received a salary increase of more than 15% in 2013.
According to the study, 29% of Lebanese are not expecting to receive an increase in 2014, 14% expect an increase of 6 to 10% of their current salary, while 13% believe to get an increase of 1 to 5% in 2014. Overall, 11% expect an increase of over 15%, 10% believe they will receive an increase in their salary of 11 to 15%.