Latest news with #GreatPlacetoWorkMiddleEast
Zawya
25-04-2025
- Business
- Zawya
Qatar's tech market spurs GDP growth as workplace rankings attract global talent
Doha, Qatar: Qatar's technology sector is undergoing rapid transformation, fuelled by major investments in digital infrastructure and innovation, as the government targets a digitally-driven economy that makes a substantial contribution to GDP by decade-end, said an official. 'Establishing a robust tech ecosystem could potentially increase GDP growth by about 1 to 2 percent annually, aligning with the nation's Vision 2030 goals,' Jules Youssef, Managing Director for Qatar, Oman, Kuwait, and Bahrain, Great Place to Work Middle East, told The Peninsula. The global research and analytical firm recently released its top 35 Best Workplaces in Technology and the 20 Best Workplaces in Media, Advertising, and Marketing across the GCC. He said, 'In a remarkable achievement, several companies in Qatar have emerged as winners on the prestigious Best Workplaces in Media, Advertising and Marketing and Technology lists, showcasing their commitment to fostering a strong workplace culture that emphasises innovation, collaboration, and employee well-being.' As per the rankings, Qatar's MagniPro Technology Services secured the 17th position among top tech firms, whereas UM Qatar was ranked 12th in the Media, Advertising, and Marketing in the region. Youssef said, 'Ranking the Best Workplaces in Media, Advertising, Marketing, and Technology can enhance Qatar's attractiveness to talent and businesses, which can lead to increased creativity and productivity.' He noted that the expansion of highly rated companies or their ability to attract new businesses could provide a significant boost to the broader economy, contributing to a more diversified and resilient economic landscape. With intense competition among numerous organisations seeking recognition, these accolades carry even greater weight. Youssef stressed that the honoured workplaces stand out by fostering professional growth, inclusivity, and a culture of creativity and engagement, setting a high standard for excellence across the industry. Technology rankings often spotlight companies that cultivate a positive workplace culture, and this year's results reflect a clear upward trend. Compared to last year, employee satisfaction and engagement saw a notable 5 percent increase, signalling continued improvement across the sector. 'This growth reflects a broader trend in the industry, as organisations focus more on fostering a supportive work culture and enhancing employee experiences,' the market expert said. In recent years, Qatar's tech sector has experienced transformative growth, fuelled by the adoption of advanced technologies such as AI and cloud-based solutions. The official remarked that the innovations have greatly improved operational efficiency and spurred innovation, attracting top talent and positioning Qatar as an emerging hub for foreign investment in the digital economy. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Zawya
04-04-2025
- Business
- Zawya
Growing consumer demand fuels Qatar's retail market
DOHA: Qatar's retail and healthcare sectors are undergoing substantial growth and transformation, driven by innovation, government initiatives, and a strong focus on workplace culture, an official said. Speaking to The Peninsula, Jules Youssef, Managing Director of Qatar, Oman, Kuwait, and Bahrain, Great Place to Work Middle East, remarked that the retail industry, propelled by growing consumer demand and the expansion of e-commerce, is placing greater emphasis on customer-focused strategies and employee engagement programs to improve service quality and overall business performance. He also lauded Qatar's healthcare sector for its rapid progress, due to its investments in state-of-the-art medical technologies, improvements in patient care, and the development of a skilled workforce. 'Companies within both sectors are adopting strategies that prioritise employee satisfaction, training, and leadership development, aligning with Qatar's vision for a sustainable and progressive economy,' Youssef said. According to a recent research, the global research, training, and consultancy firm, Great Place to Work, which recognises the Best Workplace in over 60 countries worldwide, indicates that companies prioritising workplace culture experience a 32 percent boost in employee engagement and productivity, highlighting the nation's commitment to fostering outstanding work environments and ensuring sustained success across industries. The recent rankings by the group revealed the top 20 Best Workplaces in Retail and the 20 Best Workplaces in Pharmaceuticals, Health Care, and Biotech across the Gulf Cooperation Council (GCC). Youssef said, 'Being ranked on an industry Best Workplaces list provides numerous benefits to employees in the retail market. Recognition as a top employer validates companies' efforts in fostering a positive work environment, which directly impacts job satisfaction, employee morale, and overall well-being.' Additionally, the ranking strengthens employer branding, making these companies more appealing to top talent. Studies show that organisations recognised for their workplace culture enjoy retention rates up to four times higher than those that aren't. 'By establishing a standard for industry excellence, these rankings promote ongoing investments in employee development, fair compensation, and inclusive leadership—key factors that drive long-term workforce empowerment in the retail sector,' he said. The number of Qatar-based companies featured on the list varies each year, reflecting the dynamic nature of workplace excellence in the country. These surveys evaluate crucial elements of workplace culture, such as trust, respect, fairness, and camaraderie. The official stressed that companies must show a firm dedication to employee satisfaction, diversity and inclusion efforts, and leadership within their industry in order to qualify for industry-specific lists including retail, healthcare, pharma, or biotech. However, a recent study by the group shows that firms with high-trust workplace cultures experience up to 40 percent lower turnover rates and 26 percent higher productivity, reinforcing the value of recognition in these rankings. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
