Today's Labour News

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earningsBusiness Report writes that CareerJunction has released its 2018 salary review, which explores average salary offerings across South Africa’s top 10 sectors.  

According to the results, salaries only grew by a sluggish 3% year-on-year, in line with predictions.  According to Statistics SA, this was more than 2 percentage points behind the annual consumer inflation rate for October 2018 of 5.1%.  Of the top 10 sectors analysed, the IT sector fell to the bottom of the list for annual wage increases.  Despite being the most sought-after skills set on CareerJunction, the sector experienced negative growth in wages of -3% year-on-year.  The finance and construction sectors saw a minimal growth in wages of only 1%, while the warehousing & logistics sector saw a wage increase of 4%.  According to the index, these four sectors alone made up over 50% of employment through the website.  The engineering, admin, sales, manufacturing and medical sectors saw moderate wage increases during 2018, while the marketing sector experienced a staggering increase in salary offerings of 20%.  The report goes on to indicate wage increases by occupation; highest earning professions; lowest earning professions; and regional differences.

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