Why some companies in South Africa have a talent retention problem

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 61%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Chief executives in South Africa are being challenged to offer better employment opportunities than their competitors says Salesforce South Africa VP, Zuko Mdwaba.

Chief executives in South Africa are being challenged to offer better employment opportunities than their competitors, says Salesforce South Africa VP, Zuko Mdwaba.

Capitec chief executive, Gerrie Fourie recently described the local hiring market as a ‘war of talent’ with businesses struggling to hire from aHe added that in the context of IT workers or data scientists, which are highly technical professionals, it is easy to work for a London company but live in South Africa.

Another trend, however, has been developing in tandem with these mass resignations – a boom in the number of people starting new small businesses, with new business being formed increasing by 53% in 2021, when compared to the same period in 2019. “In South Africa, where the socioeconomic climate is characterised by record-high unemployment, the status quo is very different from other regions such as the United States. The ‘great resignation’ in America is arguably a white-collar phenomenon.

This trend is most apparent among Gen Zs and Millennials, who frown upon office-bound working environments and are doing much to resist the nine-to-five mentality, which may not be the most practical solution to obtaining a work/life balance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I will always leave for a better salary I don't own shares in anybody's company, also if someone is willing to pay me more for the same job it means I'm not being paid my market value where I am.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines