How are job seekers actually feeling about their chances of securing a new role, landing a pay rise or learning new skills? How positive do they feel about the economic situation?
The Michael Page Job Confidence Index is a quarterly barometer that measures the perception of candidates about their job situation and the labour market.
The data is collected on a voluntary basis from candidates who applied for a job offer or submitted their CV on Michael Page.
– While 56% of respondents are not optimistic about the current job market and economic situation, 66% believe there will be an improvement in the next six months.
– Top three aspects of their job that respondents are most satisfied with include their current sector/industry, level of responsibility and work-life balance.
– Respondents trust recruitment firms, professional networking platforms and personal networking as the best three ways to search for jobs, with 70% of respondents sharing that less than three months is required to find a new job.
– More than 50% of the respondents are looking for a new job because they want their responsibilities to broaden and think that their current role isn’t offering opportunities for further development.
”In order to retain employees in their current job, it is important for companies to chart out a clear career path for each employee,” advices Paul Newman, Associate Director, Michael Page, South Africa.
Michael Page South Africa Operating Director Lars Fischer adds: “The South African labour market has been unpredictable. Moreover, salaries and bonuses have tended to follow a consistent pattern over the past five years with steady increases to reflect inflationary pressures.”
A more detailed breakup of salary benchmarks can be found in the Michael Page 2019 Annual Salary Survey South Africa available for download from www.michaelpageafrica.com.
The survey is based on the insights from actual placements made throughout the year in the region by the company’s experienced consultants. Salaries are projected for 180+ roles across seven sectors including engineering and manufacturing, procurement and supply chain and more.