4 Day Work Week SA kicks off in February with 20 companies on board.
Forty percent of South African women feel burnt out, while 51 percent feel their stress levels are higher than a year ago, according to the Deloitte Women @ Work 2022 report. Meanwhile, 4 Day Week SA readies for a pilot project with 20 companies already signed up, and the 2023 South African Salary Survey reveals that CFOs at JSE Top 200 firms hold the highest paying jobs in the country.
The highest paying jobs in SA
The 2023 South African Salary Survey by recruitment firm Robert Walters has revealed the highest paying jobs in the country.
Of the 150 job roles in South Africa, 52 have starting salaries of R1 million per year and 38 have starting salaries of R1.2 million a year. The former requires at least 4 years of experience to qualify for the role and the latter requires at least 8 to 10 years of experience, according to the survey.
Employers are looking for highly qualified professionals and specialist skills, while employees are looking for good company culture, decent pay and flexible working hours.
The top three jobs and salaries are:
• CFO at a JSE Top 200 firm: From R2,800,000
• CEO (SME): From R2,700,000
• COO: From R2,500,000
The survey also showed a low to medium demand for skills in the finance, HR and technology sectors.
4 Day Work Week SA pilot kicks off in February
February 2023 marks the start of the South African pilot of the four-day work week, with 20 companies signed up to participate.
The four-day week requires companies to commit to a full salary for 80 percent of an employee’s time, while maintaining full productivity.
Almost 1,000 employees in countries including the US, Ireland and Australia were part of the recently concluded six-month four-day week pilot programme.
Findings from 4 Day Week Global thus far show that companies that in the pilot noted increased revenue, reduced absenteeism and resignations, and an increase in employee health and wellbeing.
4 Day Week South Africa director Karen Lowe said on Cape Talk that there are hopes that the same results will be seen after the pilot in South Africa.
One in two working women reporting higher stress levels
Forty percent of South African women feel burnt out, while 51 percent feel their stress levels are higher than a year ago. This is according to the Deloitte Women @ Work 2022 report.
The survey represents the views of 5,000 women across 10 countries, including 500 women in South Africa. Local respondents comprised 95 percent in full-time employment, 38 percent of which are in hybrid work, 32 percent are fully remote and 30 percent are fully in-person at their workplace.
The survey noted that 43 percent of South African women report their mental health as being poor or extremely poor, compared with 49 percent globally.
Levels of burnout are highest among women of ages 18 to 25, with 56 percent of South African women and 61 percent of their global peers feeling burnt out.
