South African workers are some of the most hard-working in world, with discretionary effort levels double that of the global average, according to CEB (NYSE: CEB), a practice insight and technology company.
Findings from the company’s latest Global Talent Monitor show that stalled economic growth in South Africa has prompted a steady rise in employees’ willingness to go the extra mile at work – including helping others with heavy workloads and looking for ways to perform more effectively. Encouragingly, 45 per cent of employees in South Africa who go above and beyond are likely to stay with their employer for the next six-to-12 months.
“Employee perceptions of available job opportunities are still fairly weak, which is not surprising given that economic growth remains low. However, savvy workers and recruiters remain poised to take advantage of opportunities, so companies should not take higher levels of discretionary effort for granted,” said Clare Moncrieff, HR principal executive adviser at CEB.
With S&P Global predictingeconomicgrowth of just 1.4 per cent in 2017, South African employee’s expectations around annual bonuses have fallen, closing the expectation-reality pay gap to just two per cent. With the recent introduction of the national minimum wage, workers now place a higher value on the stability of an employer ahead of the compensation package offered, which is why more than a third of South African workers are opting to stick with their employer.
Despite rising effort levels and a more realistic outlook, South African workers are keeping their eye on the jobs market. With 52 per cent of the workforce looking out for employment opportunities, South Africa retains the position of third most active job-seeking nation globally, behind India and Malaysia.
Clare Moncrieff adds: “Whilst workers are staying put for now, we know they are eyeing up other opportunities, so employers cannot afford be complacent about talent. Top performers and high potentials will be the first ones to jump ship as they have the highest expectation of career progression, and are most likely to be poached by other companies. Firms should target these segments to keep them engaged and productive.”
Global Talent Monitor data is drawn from CEB’s larger Global Labour Market Survey, which is made up of more than 22,000 employees in 40 countries. The survey is conducted quarterly and is reflective of market conditions during the quarter preceding publication. Visitcebglobal.com/talentmonitorto learn more and compare talent data from around the world.
CEB is a best practice insight and technology company. We help our customers grow by harnessing their untapped potential. Leaders at more than 10,000 organizations worldwide rely on our advisory services and technology solutions to manage their talent, customers and operations. CEB is a trusted partner to nearly 90% of the Fortune 500, more than 80% of the FTSE 100, 80% of the JSE 40, and over 70% of the Dow Jones Asian Titans. More at cebglobal.com.
- Judy Dlamini: Women must work 3 times harder in patriarchal societies
- Three major new labour laws that every South African needs to know about
- Here’s how many South Africans became ‘permanent Australians’ last year
- South Africans may soon be able to travel to more countries visa-free
- South Africans are drinking themselves to death