SA HR news roundup: Uniform pay structure for Treasury, two million jobs not enough

PWC data shows unemployment expected to reach 39.3 percent by 2030.

Sasol opens applications for 2023 bursaries in engineering, chemistry and mining survey, while national Treasury punts new legislation to create a uniform compensation structure for all managers across the public sector. World Wide Worx study shows that more than 50 percent of large businesses feel there are more cyber security threats due to remote work culture and a PWC study shows that creating two million jobs will not be enough by 2030.

Treasury aims for uniform salary structure

National Treasury aims to create a uniform compensation structure for all managers across the public sector as it looks to manage the wage bill.

“Our view is that we need to come up with single legislation that will govern the issues of remuneration, especially as it relates to public entities. We can exclude the state-owned companies in that legislation because they need to run like businesses and compete with other big players in the industry,” Treasury official Marumo Maake recently told Parliament’s appropriations committee.

Average remuneration in the public sector is higher than average remuneration in the rest of the economy, reports Business Live.

Sasol 2023 bursary applications open

Applications for Sasol’s bursary programme for the 2023 academic year are now open to high-performing mathematics and science learners currently in Grade 12.

The chemical and energy multinational is looking for learners who want to study towards a BEng or BSc Eng in various engineering disciplines, BSc in Chemistry or learners interested in Mining Survey at a university of technology.

“This year, we are also particularly excited to welcome applicants in the green hydrogen space,” says Monica Luwes, Sasol corporate bursary services graduate centre manager.

More IT threats due to remote work

More than half of South African large businesses feel there are now more threats introduced by remote work culture, according to a study by World Wide Worx.

Challenges range from existential, macro threats all the way down to individual losses. With the pandemic and lockdowns having sent corporate employees home, 55 percent of information technology (IT) decision-makers are concerned about their staff losing their devices, and the concern is not only about the physical loss and immediate cost of replacement, says World Wide Worx CEO and research project principal analyst Arthur Goldstuck.

The study, State of Cybersecurity in South Africa, found that compromises and vulnerabilities are revealed through the weakest link in the IT system – often an organisation’s own employees – and this may allow in ransomware programs or phishing attempts.

Two million jobs not enough

South Africa is expected to generate almost two million jobs by 2030 – but this is not nearly enough to absorb the people coming into the workforce, according to data from PwC.

As a result, the professional services firm expects the narrowly defined unemployment rate to increase to 39.3 percent by 2030 from 35.3 percent at the end of last year.

“It is likely that, under this baseline scenario, South Africa will remain in the worst spot globally on both the total as well as youth unemployment rate tables for the foreseeable future,” says PwC.