Today's Labour News

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newsTimesLive reports that an annual survey of top SA executives and managers has revealed an "alarming" dip in confidence and outlook‚ with a record 78% of people surveyed indicating they would consider opportunities abroad.  

This represents a more than 30% increase from last year‚ when the majority of respondents indicated they were here to stay.  The annual ‘Bonus‚ Salary and Business Confidence Survey’, conducted by executive search firm Jack Hammer‚ polls senior executives and managers in various sectors about their expectations of bonuses‚ salary increases and business growth in the year ahead.  Jack Hammer CEO Debbie Goodman-Bhyat commented:  “This year’s survey is quite unprecedented in terms of the negativity of outlook‚ and raises serious concerns about another exodus of some of our country’s most talented‚ experienced and qualified leaders.”  She added:  “It is quite alarming that only 22% of individuals polled indicated that they would not consider a move abroad‚ and that all of the 78% who said they would‚ already had potential destinations in mind.”  Expectations of year-end bonuses are also more tempered this year.  In terms of increases next year‚ both middle management (66%) and executives (52%) expected to receive a higher than inflation raise.  Only 11% of respondents expected to receive no increase or lower than that of inflation.

  • Read this report in full at TimesLive
  • Read too, Business confidence in SA is still on a downward trend, at Business Report

Get other news reports at the SA Labour News home page