Until recently, the work of an HR executive resembled a lot like that of a secondary-school teacher or a paper-pusher/clerk who kept the office running smoothly and reprimanded the individuals who broke the rules. Presently, these execs focus more on people and their talents and as any skilled tutor, they help both the strugglers and the stars. In the future, it would be safe to bet on those in HR to be similar to championship coaches, mentoring the staff throughout their time in that company and becoming more essential than ever to business analytics and strategy.

For quite a long time, we were told that the best way to succeed was to ascend the career ladder. That pointed to only one starting point and that is joining as an associate in a company and gradually get promoted up the hierarchy of the organization, until you would arrive at a point in your life where you decide you have achieved all your goals and objectives. Everyone in the modern world followed culture and religiously believed that this is what it means to have a successful career. Today, there is shift in perspective and people have come to an understanding that there is more than one approach to success.

The UAE’s non-Oil economy is poised to expand by 4.2% after the downfall of 7.2% in 2020, according to Oxford Economics. The report also states that the same will return to pre-pandemic levels only by the middle of 2022. This is actually a more optimistic prediction than that of the Central Bank of UAE, i.e., 3.6%. Michael Armstrong, the Regional Director for Institute of Chartered Accountants in England and Wales (ICAEW) says that, “Despite oil production cuts and lower oil prices, the UAE has enough financial reserves to maintain fiscal support for the economy through 2021, possibly benefiting growth in the longer term.”