2022 USD Salaries Payment Practices Report

Memory Nguwi And Denzel Moyo / Posted On: 29 March 2022 / Updated On: 29 March 2022 / Compensation and Benefits / 968

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2022 USD Salaries Payment Practices Report

Summary of Key Findings

  • The organizations in the NGO, Mining, Construction, and Telecommunications sectors pay salaries largely in USD.
  • A majority of the respondents (70%) pay a certain percentage of their employee salaries in USD.
  • The top management is the highest compensated in USD compared to the rest of the staff.
  • Top management earns a greater percentage of their allowances in USD.
  • Participants are unsure of the impact of paying employees in USD on the company revenue and productivity.
  • Many organizations are receiving USD local sales enabling them to pay staff in US dollars.
  • The highest staff cost to income/revenue is in the following sectors: NGO, Professional Services, and Quasi-Government.
  • See our conclusions for insights and implications of these findings.



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