{"id":313156,"date":"2019-04-24T18:00:39","date_gmt":"2019-04-24T16:00:39","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=313156"},"modified":"2019-05-09T09:55:47","modified_gmt":"2019-05-09T07:55:47","slug":"how-much-the-average-employee-gets-paid-at-vodacom-vs-telkom-vs-mtn","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/313156\/how-much-the-average-employee-gets-paid-at-vodacom-vs-telkom-vs-mtn\/","title":{"rendered":"How much the average employee gets paid at Vodacom vs Telkom vs MTN"},"content":{"rendered":"

Update:<\/strong> The article has been updated with the correct 21st Century pay gap data.<\/em><\/p>\n

MTN recently published its integrated annual report, revealing how much its top executives got paid in the financial year ended December 2018.<\/p>\n

The group paid its top two executives a total of R65.46 million for the year, with other prescribed officers taking a combined R176.96 million for a total of R242.4 million.<\/p>\n

Group CEO, Rob Shuter earned R42.92 million, including a basic salary of R15.28 million and bonuses and other benefits exceeding R26 million.<\/p>\n

Across the listed mobile operators, MTN’s Shuter was not the highest paid in 2018, however, with Vodacom boss Shameel Joosub taking home a much larger salary.<\/p>\n

For the year ended March 2018, Joosub was paid R50.3 million for the year – while Telkom CEO Sipho Maseko was paid just over half as much at R27.2 million.<\/p>\n

A 2018 report by remuneration consultancy 21st Century<\/strong><\/a> found that CEOs at large cap companies earn an average basic salary of R5.35 million, with short-term and long-term incentives taken into account, this would bring the average closer to R13 million.<\/p>\n

On a guaranteed package level, the average large-cap CEO earns around 20 times more than the average employee (R274,525), 21st Century found \u2013 but when taking the total package into account this jumps to over 47 times.<\/p>\n

Looking at the average salaries at the three major mobile operators, the pay gaps are fairly in line with these findings.<\/p>\n

According to MTN’s financial data<\/a><\/strong>, the group spent R9.5 billion on staff costs (including bonuses and benefits), averaging at R504,645 per employee. CEO Rob Shuter’s salary is 85 times greater.<\/p>\n

Vodacom reported<\/a><\/strong> staff costs of R5.6 billion for 7,554 employees, equating to R741,330 per employee, while Telkom’s<\/a><\/strong> R10.9 billion spend on 18,286 group employees averages at R596,085 per person.<\/p>\n

Vodacom’s and Telkom’s CEOs earn 68 and 46 times more than the average employee at their respective companies.<\/p>\n

Average employee salary<\/strong><\/p>\n

\n
\n\n\n\n\n\n
Company<\/th>\nEmployees<\/th>\nStaff cost (salaries and benefits)<\/th>\nAverage per employee<\/th>\n<\/tr>\n
Vodacom<\/td>\n7 554<\/td>\nR5.6 billion<\/td>\nR741 330<\/td>\n<\/tr>\n
Telkom<\/td>\n18 286<\/td>\nR10.9 billion<\/td>\nR596 084<\/td>\n<\/tr>\n
MTN<\/td>\n18 835<\/td>\nR9.5 billion<\/td>\nR504 645<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

The averages are somewhat swayed by the inclusion of the salaries of the executive teams, which can often balloon to well over R100 million at each company.<\/p>\n

Taking all three companies into account, the average employee salary is R614,000, with the average CEO having a salary 65 times larger at R40.1 million.<\/p>\n

Pay gaps<\/strong><\/p>\n

\n
\n\n\n\n\n\n
Company<\/th>\nCEO salary (TGP+STI+LTI)<\/th>\nCEO salary as % of total<\/th>\nPay gap<\/th>\n<\/tr>\n
MTN<\/td>\nR42.9 million<\/td>\n0.45%<\/td>\n85<\/td>\n<\/tr>\n
Vodacom<\/td>\nR50.3 million<\/td>\n0.90%<\/td>\n68<\/td>\n<\/tr>\n
Telkom<\/td>\nR27.2 million<\/td>\n0.25%<\/td>\n46<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Vodacom and Telkom’s data reflects full year ended March 2018. MTN’s data reflects full year ended December 2018.<\/em><\/p>\n

\n

Read: Competition Commission says data is too expensive in South Africa \u2013 here\u2019s what you need to know<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The average CEO of a large-cap company in South Africa earns over 70 times more than their average employee – this is how mobile operator execs stack up.<\/p>\n","protected":false},"author":10,"featured_media":187867,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26,28,65,27],"class_list":["post-313156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline","tag-mtn","tag-telkom","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/313156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=313156"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/313156\/revisions"}],"predecessor-version":[{"id":315756,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/313156\/revisions\/315756"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/187867"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=313156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=313156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=313156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}