Research

2022 USD Salaries Payment Practices Report

Memory Nguwi & Denzel Moyo

3/29/2022

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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