IslamicFinance.de

Companies in the GCC region will have to formulate effective retirement plans if they are to remain competitive in the market place, so says Mercer. The International human resources consultancy has highlighted the trend for expatriates to extend their stay in GCC countries to call for a greater emphasis to be given to planning for life after work for employees. Mercer says that there are several benefits for employers in the formulation of retirement plans for their workforce, including the positioning of a company as an employer of choice amongst competitors, the attraction of international expertise and the retention of key talent. Mercer also draws attention to enhanced employee engagement as being another key benefit.