23 Jul 2023
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Insurance representatives who have 25 years of experience in their job, will earn between R22 170 and R58 424 per month. With 25 years of experience, employees will earn between R114 and R300 per hour. This is the conclusion of research carried out by Mywage.co.za, in 2023.
Highest salary for insurance representatives with 20 years of experience: R24 187 to R60 197 per month
Workers in this occupation with 20 years of work experience earn the highest salary: between R24 187 and R60 197 per month. After 25 years of experience, people in this job receive a salary ranging from R114 to R300 per hour.
36% of workers state that they do not have any children. Workers who answered the survey are mostly between 30 and 39 years of age. Based on the survey results, most workers are female.
Coverage by collective bargaining amongst workers in this occupation is 3%, while 97% are not covered by a collective agreement, according to our survey. People in this job work 41 hours per week on average.
Majority organisations employ 500 or more workers
Employees mostly work in organisations consisting of 500 or more people. For most workers, the majority of their coworkers are female. 15% of employees state that they have no permanent contract for their job. People in this job who have a permanent contract for the work they are performing, add up to 85%. 25% of all participating workers in this occupation work in a multinational organisation. Since starting their first job, 27% of people in this job have worked fewer than 5 years.
In the survey, 8% of the people in this job choose 'highly satisfied' as their job satisfaction level. On the whole, workers feel in between satisfied and dissatisfied about their job. This feeling is shared by 35% of the workers.
Wage dissatisfaction high among insurance representatives
Among the workers in this occupation, 30% reported they are dissatisfied with their wage. Generally, 51% of the workers in this occupation report they are highly dissatisfied with their salary.
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