Business News: Here's what South Africa's working-class earns

Business News: Here's what South Africa's working-class earns

Around 1 in 3 working South Africans earn less than the national minimum wage, according to a recent survey. But there is hope for those who wish to break the mode and earn higher salaries.

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A survey by Giraffe, an automated recruitment platform, revealed that one third of working South Africans earn less that the national minimum wage.

Analysing close to a million medium-skilled candidates, the company found the average salary for the majority is R6 400 a month.

The retail industry employees 18% of the workforce, but is also one of the worst-paying with 40% of workers earning below minimum wage.

Banking and IT pay workers some of the highest salaries, but only employ 8% of South Africa's working population.

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So what could a South Africa, hoping to earn more, do about improving their prospects? The answer is education.

Giraffe claims that tertiary education is a major driver of higher salaries, with a tertiary qualification earning workers 72% more than those without one.

The platform says its report is aimed at small businesses who hire junior to medium-skilled staff and aim to understand market salaries by industry and function, reports TimesLIVE.

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Siobhan Zurnamer, who headed research in the survey, commented that:

“Employers - especially small businesses - often don’t know how much to pay their staff and job seekers frequently don’t know what their skillset is worth. We find that the large discrepancies in salaries for equal work to be attributed to the inaccessibility of credible and fair salary reports, so we felt compelled to create one.”

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Source: Briefly.co.za

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