A leading global consultancy firm has released the results of their job market survey, revealing that 56% of the participants did not have faith in the job market or the economy itself. Briefly.co.za explores some of the key findings presented by Michael Page in the 2019 survey.
With politicians boasting of job creation as they jostle for supremacy ahead of the May 2019 elections, the rest of South Africa has to contend with a battered economy and the resulting work shortages.
Michael Page, a global consultancy firm, has released its 2019 job market survey for South Africa, revealing that more than half of the participants doubt the nation's job market and even the economy.
Here are a few key highlights from the survey, aimed at establishing how South Africans feel about their work prospects and the current employment market:
- 56% of respondents are not optimistic about the job market and the situation facing the economy
- 66% of the respondents feel that there will be an improvement in this regard over the next few months
- The top three aspects of their employment that participants were satisfied with included:
- Their current industry
- Level of responsibility
- Their work-life balance
- Recruitment firms, professional networking platforms and personal networking were listed as the best ways to look for employment
- 70% of the participants shared that it took less than three months to find a new job
- 50% of the participants revealed that they were looking for new employment because they wanted their responsibilities to broaden and felt that their current job didn't offer opportunities for development
Paul Newman, Associate Director of the firm, highlighted that it is vital for companies to allow for growth in order to keep valuable employees:
”In order to retain employees in their current job, it is important for companies to chart out a clear career path for each employee.”
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