[ad_1]
RIYADH: Saudi Arabia’s total private sector employment reached 11.1 million people in February, an increase of 0.9% month-on-month, according to newly released figures.
A report by the Saudi National Labor Inspectorate revealed that 2.3 million of the total are Saudi nationals and 8.8 million are Saudi residents of various nationalities.
The data shows positive trends in the employment sector as the private sector continues to expand its workforce and create opportunities for Saudi nationals.
Additionally, an analysis of the Saudi national workforce shows that 961,690 employees are women, compared to 1.4 million men.
Meanwhile, of the 8.8 million non-Saudi workers, 348,892 were women and 8.4 million were men.
In February alone, the net increase in employment for Saudi nationals and residents was 26,694, indicating steady growth in employment in the private sector.
In November, the NLO released its first-ever report, revealing that the number of Saudis with more than 20 years of experience in the private sector now exceeds 123,000.
At the time, the organization claimed that the figures showed an improvement in the overall survival and sustainability of such work in Saudi Arabia.
The study also highlighted that this increase was mainly due to efforts by the sector such as financial incentives and compensation.
In addition, private companies offer continuous training and development driven by government support, retention, and nationalization programs.
In 2021, the Saudi private sector employed twice as many women as the public sector, a report has found.
The proportion of Saudi women in the labor market increased by 64% from the beginning of 2019 to the end of 2020, especially as the female population grew, a study revealed at the time, as the kingdom implemented several social reforms.
An analysis commissioned by the US think tank Brookings Institution found that women’s employment in these sectors grew by about 10%, twice as fast as in the public sector, where women’s employment grew, and that this jump is “genuine.” “Private sector-led”. 5 percent.
Saudi Arabia’s economic diversification path has turned the kingdom into a hub of job opportunities, thanks to bold mega-projects including NEOM that attract fresh talent to the construction industry.
This major development is in line with Saudi Vision 2030, which aims to reduce Saudi Arabia’s oil dependence and strengthen the strength of the private sector.
[ad_2]
Source link
