With the value of every part growing you could want your earnings to maintain up. Is it seemingly you’ll obtain a rise this yr and if that’s the case how a lot may you get?
Latest analysis* into over 400 massive firms throughout SA provides us some perception into companies’ plans for coping with wage enhance requests this yr.
Final yr (2022) noticed most companies giving a 5.9% enhance to workers.
The analysis confirmed that the majority companies are prepared to present will increase to workers. Much like final yr, the common determine they take into account for 2023 can be 6.1%.
Whereas some varieties or ranges of workers will obtain extra and others much less it appears +-6% or there about is the most definitely enhance workers can look to obtain.
This determine is, after all, barely decrease than actual world inflation, attributable to issues like Eskom’s huge value hike and so on, however it’s constructive that the majority companies are already budgeting for wage will increase.
‘25% these companies plan to truly rent extra workers this yr’
Load shedding is hitting companies laborious and it’s also fascinating to see that 25% these companies plan to truly rent extra workers this yr.
51% plan to fill engineering roles and 44% will tackle IT workers. Many can even be bringing in additional gross sales individuals. There’s nonetheless an optimistic outlook on the majority of these surveyed.
So, in case you are planning on asking your boss for a increase simply know that the majority companies are literally ready to supply their workers extra this yr.
‘analysis confirmed that the majority companies are prepared to present will increase to workers’
*by WTW South Africa