Accurate salary information is generally hard to come by. Employers- especially small businesses- often don’t know how much to pay their staff at market value, and job seekers frequently don’t know what their skillset is worth. Large discrepancies in salaries for equal work can be attributed to the inaccessibility of credible and fair salary benchmarks.
We were invited to talk about the state of jobs in South Africa, the average salary and the top industries to work in. Listen to the interview with 702's Bruce Whitfield here:
How was this salary benchmark created?
- Giraffe collects actual employee data based on candidate profiles and self-reported salary information
- This benchmark is based on actual candidate data from a base of around one million candidates and a representative sample of 131k candidates, with data no older than 2018.
- This analysis largely excludes high skilled individuals and senior management/executives so it represents the majority of working South Africans
Summary of the main findings of the Salary Benchmark
- The average salary for the majority of working South Africans is R6,400 per month
- 29% of working people earn less than the national minimum wage
- Retail is the biggest industry (employing 18% of the workforce) but is also one of the worst paying (40% earn below minimum wage).
- Banking and IT pay some of the highest salaries but employ only 8% of the working population
Giraffe is a fully-automated digital recruitment solution that enables businesses to recruit medium-skilled staff faster and more affordably than any other recruitment method. Because Giraffe has automated the administratively intense part of the recruitment process– candidate sourcing, screening and contacting– employers can focus on more important tasks interviewing relevant candidates and managing retention.
For more information, contact us here