The Emirates Group has reportedly greenlit a 4% bump in employees’ salaries, set to kick in from July 1, 2024.
To bolster its workforce and enhance employee welfare, the Emirates Group has approved a 4% increase in salaries, effective July 1, 2024. As outlined in an internal letter to employees, seen by Gulf Today on June 30, 2024, the salary hike encompasses base salaries, transportation allowances, UAE national allowances, and adjustments to flight crew working hours.
The Emirates Group has also announced an up to 15% boost in subsistence and accommodation allowances. Additional perks include an extension of paid maternity leave from 60 to 90 days, an increase in paid nursing breaks for new mothers from one to two hours daily, and a rise in paid paternity leave from five to 10 working days.
Furthermore, the education support allowance will see a 10% increase effective September 1, 2024.
Specific details regarding the revised base salaries and fixed allowances will be communicated via contractual amendment letters scheduled for issuance on July 22, 2024.
In tandem with these employee-focused initiatives, the Emirates Group has ramped up its global recruitment efforts, expanding its workforce by 10% to 112,406 employees. This surge reflects a notable increase from 102,379 employees at the close of the previous fiscal year, indicating the addition of over 10,000 new positions.
These salary enhancements and expanded benefits come on the heels of a record fiscal year for the Emirates Group, culminating in a significant profit of AED 18.7 billion (US$5.1 billion) for the year ending March 31, 2024.
This represented a 71% surge from the previous year’s earnings of AED 10.9 billion (US$3.0 billion). Concurrently, the Group reported a 15% increase in revenue, soaring to AED 137.3 billion (US$37.4 billion), while achieving a record cash balance of AED 47.1 billion (US$12.8 billion), marking an 11% rise year-over-year.