Nationalisation - Not Just About The Numbers
As many around the world will know, the UAE recently celebrated its 50th Anniversary. Even if you have yet to visit, it is difficult not to find the achievements of this relatively small country - driven by the vision of its founding fathers - extraordinary.
To achieve such incredible growth, help from ex-pats has been required in the private sector where local skills were not available.
As a result, there is a natural channelling of UAE citizens into Government departments (where language and culture are more familiar), currently reflected with approx 80% of UAE nationals employed in the public sector.
However, to sustain the growth for the next 50 years, the UAE government’s strategic economic objective is to diversify away from oil revenues and distribute its sovereign funds to a more balanced portfolio, by investing in the development of its citizens working in private sector firms - thereby adding to the intellectual capital of the country. This objective is intended to benefit the UAE, its citizens and add value to firms that hire nationals as part of their Emiratisation mandate.
Much will rest with the private sector’s ability to not just adhere to the mandatary quotas for Emirati hires, but to get the best out of the talent pool they help develop. This, in summary, is the UAE’s #Nationalisation or #Emiratisation policy. However, Government-driven quotas and incentives are just a start.
Success will also depend upon the training, development and retention issues of a more #diverse workforce; the #inclusivity of the culture; the #healthandwellbeing of everyone; the ability for the organisation to successfully #adapt and #integrate these nationals to unlock their potential; enabling them to be a driving force of the UAE's next phase of economic development.
Put another way…this is simply another ‘flavour’ of the #DiversityEquityAndInclusion agenda, with all of the associated challenges.
Don't you agree?
To ensure an organisation is appropriately equipped for the next phase, it is essential first to understand where likely roadblocks may be. At PREDIXA, we have developed a DEI service incorporating our diagnostic application, Predixa Dynamix, that uses Artificial Intelligence (AI) to enable rapid analysis of an organisation’s DEI status. It predicts the probability of issues in specific areas - including #Nationalisation and the related effectiveness and impact of supporting policies. (See our latest press release https://lnkd.in/erac_5mY )
So if you need to better understand how well prepared your organisation is to help support and achieve the Nationalisation targets, contact either Kirsten Westholter or Paula Newby. www.predixa.ai