From Business Insider.
Chief financial officers (CFO), financial directors and chief human resource (HR) officers are among the highest paying careers in South Africa, a new report found.
Specialist recruitment agency Michael Page’s Salary & Skills Guide for 180 jobs in 2020, found that the average South African CFO salary is R4 million a year for a multinational company, and R2.5 million at a small to medium-sized enterprise (SME).
A financial director at a multinational company in South Africa can expect to earn R4 million a year, and a chief HR officer R2.9 million.
Business Insider ranked the 17 highest paying careers in South Africa in the Michael Page report according to the average salary an individual can expect to earn. They are:
Michael Page’s salary benchmark was compiled by capturing job advertisements and placements throughout 2019.
The data was validated against insights from its consultants’ interaction with clients and candidates.
Associate Director for the PageGroup South Africa, Paul Newman, said as policy uncertainty continues in South Africa, local companies are looking for ways to increase output and productivity, while at the same time cutting costs.
Therefore, automation, robotics, artificial intelligence, digital and in broader terms, technology is playing a bigger role in achieving the goals, Newman said.
“South Africa is also facing a brain drain of highly skilled labour who are opting to emigrate; this is creating a talent gap in the market, further contributing to the challenges of investing in the economy.”
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