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Wednesday, 20 July 2016

Entrepreneurs in MENA struggle to attract and retain employees -report

Although entrepreneurs are creating jobs in the Middle East and North Africa, they often struggle to find and retain talented employees, according to a Wamda Research Lab report sponsored by IFC. A survey found that while 90% of entrepreneurs were planning to hire in the next year, only 12% of people in the MENA region would want to work for a startup. To reverse that, the report says entrepreneurs “need to offer more incentives to employees, including stock options, and look for talent in new places, like universities.” One nugget from the report: “The most qualified regional workforces are thought to be in Jordan, Lebanon, and Egypt.” The report may be downloaded in full here.

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