Abu Dhabi Pension Fund
United Arab Emirates
Asia and Pacific

Private sector members retirement benefits: Sustaining private sector local talents in higher positions

Implementation year
2021

Working in the private sector usually has greater financial benefits than the public sector. On one hand, the private sector employees are usually rewarded with higher salaries and benefits in the form of insurance coverage, vacation time and bonuses. On the other hand, the career advancement to higher position provides profit-sharing opportunities, which are not found in the public sector. In some cases, however, the United Arab Emirates (UAE) national in Abu Dhabi who works in the private sector, will prefer moving out from the private sector to the public sector because of the higher retirement benefits. Such decisions have resulted in creating a key challenge of rare resources and capabilities in finding UAE nationals to occupy higher positions in the private sector to manage the specialized sensitive economic sector.

Topic:
Governance and administration