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East Africa Executives to take home more as firms seek to retain talent

14 October 2013 by apollo-wpdev

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PwC survey shows firms across the region plan to raise salaries in the next year to match rivals. Companies also considering new hires. TEA Graphic

In Summary:

The pay will be increasingly aligned to risks taken, an indication of the intense competition in a regional market that is increasingly demanding innovative thinking and fresh solutions from managers.
And as firms increase salaries to match their rivals, they are also keen to boost their headcount — signalling a wave of new jobs across sectors in the region.
The region’s occasionally unstable business environment is a challenge for top executives, forcing employees to demand pay for performance.
HR executives said different market fundamentals — like profitability of firms and availability of skills — in the region will mean countries will increase salaries at varying rates, further deepening the wage discrepancies that exist within the EAC.

Read the article in full here.

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PwC survey shows firms across the region plan to raise salaries in the next year to match rivals. Companies also considering new hires. TEA Graphic

In Summary:

The pay will be increasingly aligned to risks taken, an indication of the intense competition in a regional market that is increasingly demanding innovative thinking and fresh solutions from managers.
And as firms increase salaries to match their rivals, they are also keen to boost their headcount — signalling a wave of new jobs across sectors in the region.
The region’s occasionally unstable business environment is a challenge for top executives, forcing employees to demand pay for performance.
HR executives said different market fundamentals — like profitability of firms and availability of skills — in the region will mean countries will increase salaries at varying rates, further deepening the wage discrepancies that exist within the EAC.

Read the article in full here.

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