There has been a fundamental and permanent shift in the way employees and employers see the relationship between performance, skills and rewards. This includes business thinking regarding year-end bonuses and increases.
The President determined that the total remuneration of all public office bearers should be adjusted by 5.5 % with effect from 01 April 2012, in response to recommendations of the Commission for the Remuneration of Public Office Bearers.
There is a growing trend toward restructuring payment methods and financial rewards for top professionals, with a focus on "reducing risk, ensuring ethical governance and fostering a long-term outlook". Debbie Goodman-Bhayat, managing director of Jack Hammer Executive Headhunters explains.
The average top executive in a state owned enterprise earns, on average, 35% more than their private sector counterpart. As a result private sector organisations are feeling the pressure to offer competitive packages in order to recruit top talent.
Job seekers who are thinking about pursuing a career in the Human Resources sector can now review the latest salary offerings for 2011 through the Career Junction Index which provides salary trends based on the 25,000 job advertisements placed every month.
The latest salary offerings for the retail and manufacturing industries have been revealed by the CareerJunction Index. Data was collected from the CareerJunction website, currently serving over 800 subscribing advertisers who advertise over 25,000 job advertisements monthly.
A review of the salaries for skilled employees and senior positions in the financial sector for 2012, has revealed that Gauteng pays the best, followed by the Western Cape and KwaZulu-Natal. This is according to the latest findings from the CareerJunction Index.