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The sun continues to shine on the Middle East
At a first glance, this looks like a healthy salary package with significant increases for most elements. However, it is useful to take a closer look:
After adjusting for inflation, we find an increase of 14.5% over two years (a far less astronomical figure, but a decent one nonetheless).
At first glance, the Middle East base salary might not look that impressive, but of course it is tax free. The U.S. and European base salaries would be greatly reduced by high income taxes while Russia's 13% flat tax for everyone does not put much of a dent in people's personal income. In addition, the developers in Russia and the Middle East are on an expat package, which means that housing is included. Finally, for the Middle East and Russia, a large proportion of the total compensation stems from higher bonuses that are much more likely to be realized in such active markets.
About Christian Anklin
Christian Anklin is a Senior Associate at HVS Executive Search in London, the leading executive search firm specializing in the hospitality industry. A graduate of Lausanne Hotel School (EHL), Christian has authored several articles on a range of hospitality recruitment and compensation issues. Christian is President of the Great Britain Chapter of the Alumni of Lausanne Hotel School (AEHL).
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