Year-on-year, average monthly earnings paid to employees in the formal non-agricultural sector increased by 3.2%, from an average of R22,395 in February 2020.<\/p>\n
Basic salary\/wages paid to employees decreased by R4.1 billion or (-0.6%) from R651.2 billion in December 2020 to R647.2 billion in March 2021.<\/p>\n This was largely due to decreases in key industries such as business services, manufacturing, construction, transport and electricity.\u00a0 However, there were increases in trade, mining and community services, StatsSA said.<\/p>\n Drops in these industries also meant that year-on-year, basic salary\/wages decreased by R19.6 billion or (-2.9%) between March 2020 and March 2021.<\/p>\n Bonus and overtime paid to employees decreased by R22.7 billion (-25%) from R90.9 billion in December 2020 to R68.1 billion in March 2021.<\/p>\n Take home pay<\/strong><\/p>\n The average monthly take-home pay in South Africa was a fraction higher (0.1%) in May 2021, when compared with a year ago \u2013 a time when the country faced a challenging economic predicament at the height of the Covid-19 pandemic, the latest BankservAfrica Take-home Pay Index (BTPI)<\/a><\/strong> shows.<\/p>\n \u201cThe progress to recovery has been swift. Although the normal pre-Covid-19 levels have not been reached yet, we believe our take-home pay and employment numbers reflect substantial progress,\u201d BankservAfrica said in a statement on Wednesday (23 June).<\/p>\n \u201cThe real take-home pay for May 2021 was\u00a0R12,650<\/strong>, which was slightly lower than April\u2019s figure but 0.1% higher than May 2020,\u201d said Shergeran Naidoo, BankservAfrica\u2019s head of stakeholder Engagements.<\/p>\n \u201cInterestingly, three years ago, the average take-home pay was R12,706 \u2013 this is a good indication that salaries have stagnated mainly as a result of the pandemic and its economic impact.\u201d<\/p>\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/Earnings.png\")
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