New stats show where Employment Security is found in South Africa
12/09: With South Africa’s unemployment rate at 14-year highs, and the possibility of thousands of jobs across various sectors being put at risk due to adverse economic conditions, the latest Stats SA data shows which provinces are coping the best with Employment Security.
In August 2017, Stats SA released its Quarterly Labour Force Survey results for the second quarter of 2017 (April – June), detailing numbers around Employment Security in South Africa.
While unemployment data ranges broadly across the whole country, Stats SA data also shows where workers are most likely to be employed (absorbed) in the country, and which regions are successfully creating job opportunities and Employment Security.
Provincially, the Western Cape and Gauteng are the economic powerhouses of the country, and thus have high absorption rates – the only two provinces to have over half their working-age population (15-64) in formal employment.
Contrary to popular belief, however, it is the Western Cape that appears to offer the best bet on jobs, with 53.9% of the working age population formally employed. Looking at year-on-year jobs data, the Western Cape has been the biggest job creator in the country, adding a net of 155,000 jobs between 2016 and 2017.
Despite a net loss of 83,000 jobs in the City of Johannesburg over the period, the city still has the second-highest absorption rate at 52.6% of the working age population finding Employment Security.
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If more information is added, the unique Salary Calculator can use data such as gender, years of service, education levels, position in the company (eg managerial), and skills attained to work out a more specific salary level. The Salary Calculator also takes into consideration benefits such as pension and medical aid.
Through using the free and accessible Salary Checker Tool, it can be used in different ways. If you are applying for a new job, you can calculate what salary should be offered for a specific role. If you are already employed, you can compare your salary to what others in the same sector, with the same qualifications are earning. You can also use it as a bargaining tool when entering into wage negotiations.