One millionth export MG rolls off production line
MG Motor has celebrated a major milestone, with the one millionth vehicle destined for international export rolling off the production line. The historic model was a new MG ZS, a symbol of the impressive achievements of the British-born car brand.
MG now sells its cars in 84 countries around the world, and the Middle East is one of its key markets. In just eight years, since the brand was officially launched at the Dubai International Motor Show, MG has sold over 120,000 cars across the region. As a result of its remarkable growth in popularity, the company is now ranked sixth in the Middle East table of manufacturers.
This success is replicated in numerous other global markets with customers from across the world enjoying the high-quality driving experience
analyzed and compared with the results of the last year (2020) and the results of the semi-annual report for the year (2021) on scientific and accurate grounds, in addition to comparing them with international practices.
Abu Al-Rob said that the main observations of the report showed the following:
Global changes Challenges in the work environment
Based on the results of the survey, 64.3% of the respondents believe that the main challenge in the business environment that affects the growth of businesses is the lack of the required expertise and competencies, as the repercussions of the pandemic have greatly affected them, which in turn led to the structural imbalance in the Kuwaiti labor market.
The persistent increase in the inflation rate and the global supply chain crisis ranked second and third in challenges most affected by 65.3% and 59.7%, respectively.
Global changes and tensions
73.6% of the participants believe that the cost of living and inflation will be most affected in the coming period due to the global economic and political changes and crises that the global economy is currently witnessing. In comparison, business stability was the second most affected factor in the coming period at 58.9% because consumer and corporate confidence may decrease due to fluctuation and global economic and political tension.
International trade has been significantly negatively affected in the past two years due to the repercussions of the pandemic and the current global tensions, especially in the European continent and the Russian and Ukrainian conflicts. In addition, inflation rates have continuously increased since the last quarter of 2021, as the prices of many essential commodities have risen. Participants believe that the current compensation and benefits packages are not commensurate with the existing price levels and that the annual salary increases do not keep pace or cover the rising cost of living, leading to insufficient employee wages.
Business sustainability in an unstable environment
Digital transformation has proven its importance for organizations in avoiding many potential risks, and its effectiveness and necessity during the pandemic to ensure stable business continuity has been proven.
In addition to improving procedures, raising efficiency and productivity, and helping to reduce operational costs.
To ensure the stability and sustainability of organizations in light of a volatile, unstable, complex and unclear work environment (VUCA Business Environment), 71.4% of respondents relied on organizational restructuring of their facilities, while 42.9% directed towards digital transformation for its effectiveness in reducing the impact of an unstable work environment. and ensuring business continuity.
offered by MG cars. The brand is now ranked among the top 10 brands in 18 countries, including Australia, New Zealand and the Kingdom of Saudi Arabia.
MG owners benefit from the work of the company’s highly qualified specialists at its Research and Development centres, with the models renowned for their stylish looks, great value for money, and for being equipped with the latest technologies. One example of MG’s success is the MG ZS, which is now the biggest-selling SUV in Australia and Chile among other countries. In the Middle East, recently launched models such as the ZST, RX8 Black Edition and GT have all made their mark by expanding the reach and appeal of the MG line-up.
Tom Lee, Managing Director of MG, said: “This latest milestone is a further confirmation of the remarkable rise of the MG brand across the world. It illustrates the commitment MG has to its customers, both globally and regionally, ranging from the support provided by our Advanced Design Studio in London, our extended support team in Head Quarters to that delivered by our dedicated partners across the Middle East.”
Manpower and Recruitment Planning
It was noted that the percentage of males looking for job opportunities in the private sector in the Kuwaiti market constituted 77.5%, compared to a difference of approximately 3.5 times that of females, at 22.5%.
Reasons for rejecting job offers
Given the intensity of competition between establishments to attract and retain employees, the retention offer was the most frequent reason at 29%, which indicates the size of the structural imbalance resulting from the gap between supply and demand in the Kuwaiti labor market.
Employment growth rates
The Kuwaiti labor market is expected to complete its recovery further during the second half of 2022 by achieving an employment growth rate of 7.1%, in line with what was published in PROCAPITA’s annual report in 2021.
Employment trends in the Kuwaiti market by sectors
Based on the results previously mentioned in this report, and in addition to the indicators provided by the Procapita recruitment consulting team, the recruitment rates this year varied according to the nature of the companies’ economic activity, as some sectors witnessed a recovery and a rise in employment rates in the first half of 2022, while others experienced a stagnation.
Talents in the local market
71.4% of the respondents believe that training programs should be established within organizations to develop competencies in the Kuwaiti labor market. The benefits of training programs are not limited to developing skills only but also help organizations find a less costly alternative to regular employment, as both the supply and demand sides of the Kuwaiti labor market benefit. In addition, 56.7% of the respondents believe that the employment of self-employed and part-time workers should be encouraged as it would raise competencies in the local market.
Opening new fully funded vocational and training centers or in partnership with competent government agencies is considered the third most crucial methodology, as 42.9% of business leaders mentioned.
Attracting talent to work in the local market
38.5% of the respondents believe that the procedures and laws related to recruiting talents and competencies from abroad should be developed and updated.
Kuwaitisation rate in departments
64.3% of the respondents indicated that the percentage of Kuwaitisation is high for the senior management and the executive management roles in most sectors, in addition to some other departments such as human resources, public affairs, labor development, marketing and e-commerce, and a low percentage of Kuwaitization has been observed in other departments such as legal affairs, accounting, finance, and procurement. and logistics management.
Resignation rate
35.7% of respondents indicated that their organizations witnessed a rise in the rate of resignations during the first half of 2022 compared to the same period in 2021.
Where 7.8% of them witnessed a rise of more than 5%, 14.2% witnessed a rise of more than 10%, and 13.7% witnessed a rise of more than 15%.
While 50% of the participants expressed that the percentage of resignations was similar to the same period in 2021, while 14.3% indicated a decrease in the percentage of resignations.
Talent Management Trends
The importance of human resources departments
86.3% of human resources specialists indicated that the importance and appreciation of human resources departments have increased after the pandemic. This is due to their pivotal role in supporting the facility during economic closures, managing remote work, and continuous cooperation to cover all employee needs during critical times.
Based on the survey results, increasing job integration was the most sought-after goal by human resources departments by 64.3%. This indicates the increased awareness by establishments of the importance of the benefits of integrating employees within the work environment.
Training and Development
The most popular training programs for participants were specialized certificates with 72.9% and leadership skills and strategic planning programs with 52.8%.
Automation of departments and sections
The awareness of establishments on the importance and role of automation in improving overall efficiency and productivity, and processes has increased, as 78.6% of respondents have automated at least one activity, 65.3% have automated at least two activities, and 41.2% have succeeded in automating at least three activities.
Automating employee management programs was the most common among participating establishments with 58.5%, followed by daily communication channels with 54.3%.