We all know about the gigantic contribution that countries in the Middle East offer to the global economy and marketplace. Like any other segment, the value addition of the financial powerhouses will only stay positive if new inroads are made to progress in their respective domains.

For the top successful industries in the Middle East, the news highlight is they don’t shy away from adopting new and refreshing innovative technologies. The introduction of HR software is no different. Maybe you are already following an HRMS solution in some capacity. Or it could be new to you.

Either way, this article can help you learn about the true significance of HR services to the already established industries in the Middle East.

Most Prominent Large Middle East Industries

Before we delve into HR applications, let’s take a sneak peek at the top Middle East industries. Consider this as a tentative list, as each organization’s value and ranking may sometimes vary. Only a few basic details with a general overview of the industries are covered, as our focus is more on HR solutions for the peak sectors.

  • Oil & Gas

Oil and gas companies perform like mighty machines in the Middle East, thanks to their huge wealth of natural resource reserves. The region is a mountain of innumerable petroleum and fossil fuels. The industry is popularly known under the tag energy and power.

Saudi Arabia and Qatar lead the oil and gas industry in the Middle East region. Crude oil reserves are high in this region. The nations in the region used their strengths to leverage and forecast to achieve a scenario where oil and gas in the Middle East acts as a pillar of the global economy.

  • Retail

The retail sector in the Middle East is a testimony of how strategic planning can lead to efficient development at a quick pace. Have one look at the compound annual growth rates and market estimates, and you will know about the waves of success GCC retail firms are managing to develop.

The consumer market in the Middle East, especially the UAE and Qatar, is doing incredibly well. It helps their overall economy and aids in the management of the country’s production and manufacturing units, too. The industry covers all types of players, ranging from small-scale to large corporate businesses.

  • Finance

Under the Middle East industry trends, the finance sector is going through a well-organized phase. The success is reflected in their sub-niches like banking and investment. No amount of wealth accumulation or global recession has affected their financial positioning in the global market.

Despite facing some critical hurdles, the finance industry in the Middle East proved its mettle time and over again. Each member country is doing well in terms of market share, generation of GDP, market cap, profitability, and similar metrics. The industry is poised to evolve more in the coming years with the injection of innovations and technologies.

  • Healthcare

You know that healthcare is a global leading industry when you consider multiple factors in the analysis. The Middle East sector is doing exceptionally well in terms of setting and realizing healthcare goals for the long term. Recent times have seen Government institutions trying to help out the private healthcare sector with more support.

Cutting-edge medical technology is now being introduced to the market, featuring functions of cost-efficiency and ease of access. The region is quick to embrace upgrades and is a source of inspiration for professional job seekers, attracting tons of ex-pats and immigrant labour. This billion-dollar industry rides high on the digital transformation waves.

  • Construction and Real Estate

We are going with two of them together, as we find it hard to pick one over the other. Both construction and real estate domains are doing a great job in terms of growth and stability in the Middle East market. The outlook of the construction industry is promising. It has quickly gained coverage as a mature, reliable industry for investors.

Real estate is doing remarkably well with changing laws and regulations. Some of the GCC countries have changed their attitude towards the real estate norms, making it feasible for new players to enter the market. This influx of global stakeholders is a milestone achievement since public and private parties are entering the foray without hesitation.

What can HR Solutions Offer Top Industries?

The above segment is not about an exhaustive list of successful industries. But we will cite those five as examples to understand how HRMS can add value to the well-to-do industries of the Middle East. Listed below are the salient features of the HRMS portal that integrate well to improve the quality of organizations and the level of digitization in the Middle East.

  • For Oil & Gas Industry – Oil and gas occupies a huge share of the economy in the Middle East industry program, meaning the organizations working in the sector must deliver a streamlined flow of operations. An HR system is the ideal service to help you with this goal. It will help track employees in their various workstations, their cumulative performance, the essential work-life balance, and unique parameters like work order management. Reporting, recording, scheduling, tracking, etc., are easy to execute in the energy sector if an online HR suite is overseeing the operations.
  • For Retail Industry – The retail industry is known for employing software services to add to its wide range of benefits. But what keeps HR software apart from these existing solutions is the assistance it offers to task management and administrative functions. For retail, database management and documentation must be consistently in motion for employee engagement activities to happen at optimum levels. A cloud HRMS platform is efficient for managing retail industry challenges in the niche of compliance, safety regulations, and standard-issue policies.
  • For the Finance Industry – Finance and its supporting domains may be the easiest to integrate with HRMS modules. This is because of the presence of automated solutions in the finance domain they operate in regularly. HRMS solution for the finance sector is closely aligned with the payroll terms. It will also help finance, banking, or accounting firms avoid dedicated digital payroll solutions and replace them with a core HR system that helps with the specific function.
  • For Healthcare Industry – In the case of the healthcare industry, HR services can be made available to all levels of the organization, providing an optimum route to manage the operational functionalities with ease. Tireless paperwork can be avoided with the digital process, giving rise to seamless integration with other segments of the healthcare sector. HR platform is easy to customize according to healthcare requirements, as personalized support is already part of the industry.
  • For the Construction Industry – In the case of domains like construction or real estate, the HR portal can assist in general operations and specific objectives that correspond to a particular region or description. HRMS possesses the power to assign relevant vendor partners and external/third-party members to various arms of the organization, causing the sector to thrive in digital environments. Health, wellness, and medical industries can be managed with the support of values like flexibility, transparency, and optimum utilization of automated resources that the HR system offers.

 

How Can the Middle East Leverage HR Solutions?

If you are still not convinced about the value of HR software applicable to each industry or sector, you should learn more about how Middle-East countries can leverage the usage. See the below points:

  • HR systems help you build an operations model that specifically works according to the terms and conditions in the Middle East region.
  • All organizational tasks can be streamlined to deliver a disciplined working model that matches and syncs with the work culture the Middle East promotes.
  • Custom modules for employee engagement activities can be devised to cater to the perceived harmony of work environments in the Middle East.
  • A truckload of data is available in HR suites that are viable for conversion to actionable insights, creating an optimum pathway for arriving at informed business decisions.
  • Automation is the key to developing your company profile in a market like the Middle East, with surefire global attention. HR process helps gain a market position.
  • With an HRMS in place, it is easy to address the issues arising in performance management and business process execution.
  • Growth is essential to sustain in the competitive market of the Middle East and can be attained with a dedicated HR solutions service in place.
  • HR management model enables you to review the organizational performance and make necessary amends.

Take A Look At Artify 360 – The Perfect HRMS Solution for the Middle East

Feeling stuck even after knowing about the performing industries in the Middle East and how your company can receive value with an HR software system? Artify 360 HR payroll software is here to help you gain momentum in your niche. Use our widely acclaimed and popular SaaS solution exclusive to the Middle East market. We have served the top industry in the world to the not-so-popular categories.

You can either opt for a trial run of Artify cloud HR software to test your requirements or check out our distinguished portfolio of clients served. Stop postponing an automated route to success.