USD Salaries Payment Practices Report [July 2022]

Introduction 

The report shares the practices around paying salaries in Zimbabwe between the USD and the ZWL component. 

Methodology 

 We used the following methodology in undertaking this assignment: 

1. Market survey (using the online survey platform www.surveymonkey.com) to find out about the USD Salaries payment practices. 

2. Preparation and submission of findings report. 

Summary of Key Findings 

• 83% of the surveyed organizations pay a certain percentage of the salary in USD. This is a (13%) increase from the March 2022 survey.  
• NGO, Mining, and Transport & Logistics sectors pay salaries largely in USD. 
• A large percentage of top management is paid largely in USD.  
• 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: Transport & Logistics, Banking, and Telecommunications.
• See our conclusions for insights and implications of these findings.