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Companies in South Africa are turning to pay hikes and flexible hours to attract skills in these sectors

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South African employers are planning to increase their budgets for pay rises by an average of 6.2% in 2023 as they struggle with a challenging labour market and staff expectations around inflation, according to research by global advisory firm, WTW

WTW’s latest Salary Budget Planning Report found that employers are under pressure to do more on pay.

“Employers are having to pay more than they anticipated to cover inflation and stay attractive to existing and potential staff,” said Melanie Trollip, director of work and rewards at WTW South Africa. As the ‘great resignation’ continues, attracting and retaining talent have become a big headache for employers, WTW said.

 

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