{"id":87214,"date":"2015-05-14T11:13:07","date_gmt":"2015-05-14T09:13:07","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=87214"},"modified":"2015-05-20T08:30:24","modified_gmt":"2015-05-20T06:30:24","slug":"your-salary-vs-the-rest-of-the-world","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/87214\/your-salary-vs-the-rest-of-the-world\/","title":{"rendered":"Your salary vs the rest of the world"},"content":{"rendered":"<p>CNN has developed an <a href=\"http:\/\/money.cnn.com\/interactive\/news\/economy\/davos\/global-wage-calculator\/\" target=\"_blank\"><strong>online tool<\/strong> <\/a>to measure how your salary stacks up against the global average as well as where you place in your own country.<\/p>\n<p>The media company developed the application to draw attention to the World Economic Forum in Davos. The organisation&#8217;s Human Capital Report 2015 ranked South Africa 92nd in terms of &#8220;high educational attainment and a correspondingly large share of high-skilled employment&#8221;.<\/p>\n<p>The tool works when you input your annual salary and it returns a comparison with typical salaries in your country, as well as with those in the rest of the world.<\/p>\n<p>CNN Money though, was careful to point out that the calculations were not empirically scientific and based largely on poll results from users of the portal.<\/p>\n<p>Despite that, an annual salary of R65,000 (about R5,400 per month) returned a result of the average taxi driver salary in SA, or about 37% of the country average of R174,360 per year (about R14,500 per month).<\/p>\n<p><strong>Skilled workers<\/strong><\/p>\n<p>A salary of R100 000 per year (about R8,300 per month) is 95% of the global average annual salary of $19,188 (about R230,000 per year or about R19 000 per month) or six times what a teacher in Ethiopia earns.<\/p>\n<p>Skill levels of workers have a direct implication for salary earned.<\/p>\n<p>According to Statistics South Africa, at the end of 2014, 25% of South African workers are skilled versus 21% in 1994.<\/p>\n<p>However, StatsSA numbers show that white workers were primarily responsible for the increase in skilled workers. Skilled white workers increased from 42% in 1994 to 61% in 2014.<\/p>\n<p>Black skilled workers only increased by 15% to 18% over the same 20 year period.<\/p>\n<p>In terms of leadership positions, StatsSA found that Indians experienced the highest increase (26%), followed by whites (19%), coloureds (11%) and blacks (3%).<\/p>\n<h3 class=\"my-4\">More on salaries in SA<\/h3>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/general\/84301\/are-you-paying-your-domestic-worker-enough\/\"><strong>Are you paying your domestic worker enough?<\/strong><\/a><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/general\/72758\/south-africas-best-and-worst-paying-jobs\/\">South Africa\u2019s best and worst paying jobs<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNN has developed an online tool to measure how your salary stacks up against the global average as well as where you place in your own country.<\/p>\n","protected":false},"author":33,"featured_media":45043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,9880],"tags":[25,5769],"class_list":["post-87214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","category-wealth","tag-active","tag-statssa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/87214","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\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=87214"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/87214\/revisions"}],"predecessor-version":[{"id":87224,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/87214\/revisions\/87224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/45043"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=87214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=87214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=87214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}