Salary Survey 2012 Jobs in Nigeria

Transcription

1 Salary Survey

2 Introduction 2012 marks the 1 st Annual Jobberman Salary Survey, where more than 10,000 professionals across the public private sectors have shared the most critical information about their career workplace, building a remarkably detailed picture of compensation in the workplace lscape in Nigeria. Jobberman s Annual Salary Survey was originated from the enormous amount of feedback we received from employers jobseekers in Nigeria about the lack of transparency available information on salaries remuneration trends in the country. This survey was carried out as an inquisition into the world of employees in the Nigerian context in order to give Nigerians an idea of the income level of colleagues in many industries job functions. Our hundreds of thouss of jobseeking members employers also wanted to underst the role of additional benefits, allowances, commissions any other workplace practices in understing Nigerian remuneration levels as a whole. The survey was carried out by Jobberman.com, Nigeria s leading job website. The questions were administered online on the Jobberman website other digital channels which set an important context for the results: the respondents to this survey have some form of access to the internet. A total of 10,980 people participated in the survey thus make up the sample space. The respondents cut across different industries, levels of education attained, skill sets years of experience on the job. We hope you find our Salary Survey helpful, we would like to thank all who participated, starting a dialogue that we expect to continue for many years. 1

3 Executive Summary How much do workers really make? What sector was the worst paying? To answer these questions, we spoke with over 10,000 professionals from around Nigeria. These together with our statistical analyses, provide a unique perspective on the workforce compensation lscape in Nigeria. Key Findings The average remuneration level for Nigerians is between ,000 There is gender disparity in most industries There is an unexploited opportunity for employers to retain great talent by broadening the range of ancillary benefits for employees beyond basic statutory pay Our survey revealed several other interesting unexpected findings: The overwhelming majority of respondents have spent less than two years on their jobs. The median number of years spent on the job is between 3 5 years. The median income is between N51,000 N100,000 about 69% of professionals earn N100,000 per month or less. The male gender appears to be paid higher than the females. About 70% of professionals do not receive any form of allowance, bonus, commissions, or any other form of extra benefit from their employers while 30% receive extra benefits in various forms. Employees in the Oil & Gas industry are the best paid, followed by their counterparts in the banking / financial services industry. The highest proportion of professionals that are least paid, or that earn less than N20,000 per month are those in the Education industry. Master s degree holders account for the highest proportion of those that earn N1, 000,000 above, followed by Bachelor s degree holders. Only 0.7% of those earning above N1, 000,000 per month are PHD holders. The largest proportions of highly paid professionals are those who have spent above 8 years on their jobs. 57% of those who earn above N1, 000,000 have spent over 8 years on the job. The most commonly employed skill set among respondents is Accounting/Finance, followed by Administrative skills then IT skills. The least common skill sets include Executive / Top management, Hospitality / Leisure / Travels, Real estate NGO related skills. In general, most workers roles are not related to their course of study. 73% of the professionals in the Legal industry actually studied Law, making the Legal industry the most consistent employer with respect to employees field of study. 37% of respondents who participated are in desperate need to change jobs, 36% could be tempted to move or change jobs if the opportunity arose while only 12% are happily employed. More males than females appear to be happily employed still could be tempted to move, while more females than males are dissatisfied with their current jobs. The proportion of females with either a Bachelor s degree or HND is more than that of males. Seven out of ten professionals that carried out the Survey were males, yet more females have a Bachelors or an HND qualification. 2

4 The greatest proportion of respondents have sciences engineering as their major while fields like Law, Real estate property related courses have the least number of professionals. Fields like Law, Sciences Education have a greater proportion of females. 3

5 How our Research was conducted This study is the 1 st edition of our Salary Survey series. This year s research is based on surveys of 10,980 professionals from all over Nigeria. Jobberman conducted 100% of these surveys online. As part of our research, we sought to underst the most critical elements responsible for Salary variations across gender, industries, specialization educational attainment. Throughout our analysis, we looked for insights that will be useful for employees, companies even students who have started nursing the idea of a Career. 4

6 Gender Out of the 10,980 respondents to the survey, there were 74% males 26% females. Gender (sex) Actual % Male 74% Female 26% Total 100% Educational Qualification The highest proportion of respondents are Bachelor s degree holders (53% of respondents) while the least group of respondents are PHD holders (which made up 1% of the respondents). About 68% of our respondents have some form of tertiary education (either HND or Bachelor s) on a cumulative basis, 83% have a minimum educational qualification of either a HND or Bachelor s degree. Educational Qualification Actual % High School 6% OND/NCE/Diploma 11% HND 15% Bachelor s Degree 53% Masters 14% PHD 1% Total 100% 5

7 Distribution of respondents by Highest Educational Qualification 60% 50% 40% 30% 20% 53% 10% 0% 6% 11% 15% 14% 1% The proportion of females with either a Bachelor s degree or HND is more than that of males. The proportion of females with either a Bachelor s degree or HND is more than that of males with the same qualification. Educational Qualification % Male Female High School 8% 4% OND/NCE/Diploma 16% 13% HND 16% 18% Bachelor s Degree 45% 51% Masters 13% 12% PHD 1% 1% Non response 1% 2% Total 100% 100% 6

8 Education Major This refers to the respondents primary field as described by his or her major course of study or field of qualification. The greatest proportion of respondents have sciences engineering as their major while fields like Law, Real estate property related courses have the least number of respondents. Distribution of respondents by Education Major Fields like Law, Sciences Education have a greater proportion of females. Real Estate & Property related Law Healthcare Education Arts related courses Humanities related courses Economics related courses Others Accounting Engineering Sciences 2% 2% 4% 5% 6% 8% 10% 14% 16% 17% 17% 0% 5% 10% 15% 20% Despite the fact that the ratio of male to female participation in the survey (74%: 26%) is skewed in favour of the males, the proportion of females outweighs that of the males in almost all fields except engineering. Fields like Law, Sciences Education have a greater proportion of females; as shown below. Distribution of respondents by Education Major Gender 25% 20% 21% Male Female 18% 15% 10% 5% 15% 15% 8% 5% 10% 10% 6% 9% 4% 6% 4% 7% 9% 4% 3% 2% 1% 14% 13% 11% 0% 7

9 Years on the Job Majority of respondents to this survey have spent less than two years on their jobs. As shown below, 35% have spent between one two years on the job, 33% between 3 to 5years, 13% between 6 8 years 19% have spent over 8 years on the job. Distribution of respondents by Number of Years on the Job 40% 30% 20% 10% 0% 35% 33% 13% 19% Above 8 More males than females appear to be happily employed. More males than females could be tempted to change jobs if they had other offers. The median number of years spent on the job is between 3 5 years. Job Search Status The largest proportion of respondents (37%) is in desperate need to change jobs, 36% could be tempted to move or change jobs if the opportunity arose while only 12% are happily employed. Job Search Status Actual % Happily employed 12% Could be tempted to move with a better offer 36% Looking from time to time 15% Get me outta here! I need a better job 37% Non response 100% More males than females appear to be in the happily employed could be tempted to move category, while more females than males are dissatisfied with their current jobs. Distribution of respondents by Job Search Status Gender 80% Female 70% 60% 50% 40% 30% 20% 10% 0% 11% 15% Happily employed 37% 39% Could be tempted to move if there is a better offer 15% 12% Looking from time to time Male 34% 30% 8 Get me outta here! I need a better job.

10 Industry Respondents to this survey cut across various industries from ICT/Telecomm to financial services, FMCG, Oil Gas, to Government or public sector. Distribution of respondents by Industry Retail / Wholesales Legal NGO Logistics / Transportation FMCG Trade / Services Consulting Healthcare Advertising / Media Construction / Real Estate Manufacturing / Oil & Gas / Mining Education Others Government Banking / Financial ICT / Telecommunications 1% 1% 2% 3% 3% 4% 4% 4% 6% 6% 6% 8% 9% 9% 10% 12% 13% 0% 5% 10% 15% Monthly Income before Tax 29% of respondents earn between N21,000 N50,000 (which is the largest proportion of respondents), 26% earn between N51,000 N100,000 while only 1% earn over N1,000,000 per month (as expected). The median income is between N51,000 N100,000 about 69% of respondents earn N100,000 per month or less. 40% Distribution of respondents by Monthly Income 30% 20% 10% 0% e 14% Less than N20,000 29% N 21,000 N50,000 26% N 51,000 N100,000 17% N101,000 N200,000 7% N 201,000 N300,000 6% 1% N 300,000 N1,000,000 N 1,000,000 above 9

11 The male gender appears to be paid higher than the females. 80% 60% 40% 20% 0% Male Female 66% 73% 30% 23% Below 100,000 Above 100,000 Other Allowances, Commissions Of the 10,980 respondents, about 70% do not receive any form of allowance, bonus, commissions, or any other form of extra benefit from their employers while 30% receive extra benefits in various forms. None 70% Bonuses 30% Other allowances % Allowances, Bonus, commissions 30% None 70% 100% 10

12 Skill Sets Employed on the Job The most commonly employed skill set is Accounting / Finance, 17%, followed by Administrative skills IT skills 11%. The least common skill sets include Executive / Top management, Hospitality / Leisure / Travels, Real estate NGO related skills. Distribution of respondents by Skill sets Employed NGO 1% Real Estate related skills 1% Hospitality / Leisure / Travels 1% Executive / Top Management 1% Legal 2% Construction / Building 3% Project Management 3% Media / Public Relations / 3% Factory/Manufacturing 3% Human Resources 4% Healthcare / Pharmaceutica 4% Others 6% Customer Service 6% Teaching / Education 7% Engineering 8% Sales / Marketing / Bus. Dev. 9% IT Skills 11% Administrative 11% Accounting / Finance 17% 0% 5% 10% 15% 20% Skill sets employed on the job Actual % Accounting / Finance 17% Administrative 11% IT Skills 11% Sales / Marketing / Bus. Dev. 9% Engineering 8% Teaching / Education 7% Customer Service 6% Others 6% Healthcare / Pharmaceuticals 4% Human Resources 4% Factory/Manufacturing Industry 3% Media / Public Relations / Advertising 3% Project Management 3% Construction / Building 3% Legal 2% Executive / Top Management 1% Hospitality / Leisure / Travels 1% Real Estate related skills 1% NGO 1% Non Response 100% 11

13 Employees in the Oil & Gas industry are the highest paid. How much do workers really make? Monthly Income across Industry The table below is a cross sectional view of the monthly income before tax the different industry classifications. Industry ICT / Telecommunications Banking / Financial Services Less than N20,000 N 21,000 N50,000 N 51,000 N100,000 % Monthly Income N101,000 N200,000 N 201,000 N300,000 N 300,000 N1,000,000 N 1,000,000 above 9% 10% 16% 13% 15% 18% 18% 6% 10% 12% 16% 22% 20% 15% Government 9% 13% 11% 9% 5% 4% 5% Others 14% 12% 8% 6% 4% 4% 11% Education 21% 10% 6% 5% 2% 2% 1% Oil & Gas / Mining 3% 3% 6% 11% 17% 22% 22% Manufacturing / Production Construction / Real Estate 5% 7% 7% 5% 3% 4% 2% 4% 6% 8% 6% 4% 4% 3% Advertising / Media 11% 6% 5% 5% 4% 3% 4% Healthcare 3% 3% 4% 7% 7% 4% 3% Consulting 3% 4% 4% 4% 3% 4% 3% Trade / Services 5% 4% 3% 3% 2% 2% 1% FMCG 1% 2% 3% 4% 4% 5% 4% Logistics / Transportation 1% 3% 2% 4% 2% 2% 1% NGO 3% 2% 2% 2% 3% 2% 3% Legal 1% 2% 1% 2% 0% 0% 1% Retail / Wholesales 1% 2% 1% 0% 1% 1% 1% Total 100% 100% 100% 100% 100% 100% 100% Employees in the Education sector are the least paid. As shown in the table above, the highest proportion of respondents that are least paid, or that earn less than N20,000 per month are those in the Education industry. 13% of those that earn between N51,000 N100,000 are in the Government sector, the banking financial services industry has the largest proportion of those that earn between N101,000 N300,000 while Oil & Gas / Mining has the largest proportion of those that earn N300,000 above. In essence, employees in the Oil & Gas industry are the best paid, followed by their counterparts in the banking / financial services industry. 12

14 Does Education make a difference to wages? The table below is a cross sectional view of the monthly income before tax the different levels of educational qualifications. % Monthly Income Educational Qualification Less than N20,000 N 21,000 N50,000 N 51,000 N100,000 N101,000 N200,000 N 201,000 N300,000 N 300,000 N1,000,000 N 1,000,000 above High School 24% 6% 2% 1% 2% 0.3% 5.4% OND/NCE/Diploma 24% 17% 7% 2% 1% 2% 7.4% HND 13% 19% 20% 12% 9% 7% 6.8% Bachelor s Degree 37% 53% 59% 59% 53% 45% 31.8% Masters 3% 5% 11% 24% 34% 42% 48.0% PHD 0.3% 0.2% 0.3% 1% 1% 3% 0.7% Total 100% 100% 100% 100% 100% 100% 100% In all classifications of monthly income except the last (N1, 000,000 above), Bachelor s degree holders have the largest representations. In other words, the highest proportion of those that earn less than N20,000 a month are Bachelor s degree holders, the same can be said for those who earn between N21,000 N1,000,000. For those that earn N1, 000,000 above, the Master s degree holders have the highest proportion 48% followed by Bachelor s degree holders 38%. Also, amongst respondents that earn above N1, 000,000 per month, only 0.7% are PHD holders. Distribution of respondents that earn N1, 000,000 above per month 2% 47% 5% 6% 6% 34% High School OND/NCE/Diploma HND Bachelors Degree Masters PHD 13

15 Job search status Is there a correlation between job hunting urgency current pay? Less than N20,000 N 21,000 N50,000 N 51,000 N100,000 % Monthly Income N101,000 N200,000 N 201,000 N300,000 N 300,000 N1,000,000 N 1,000,000 above Happily employed 18.8% 10.4% 9.2% 10% 9% 16% 21.2% Could be tempted to move if there is a better offer 21.2% 33.5% 35.7% 46% 49% 52% 45.2% Looking from time to time 12.1% 12.5% 17.0% 17% 20% 15% 13.7% Get me outta here! I need a better job. 47.8% 43.7% 38.2% 27% 22% 17% 19.9% Total 100% 100% 100% 100% 100% 100% 100% Amongst respondents that earn above N1million per month, only 0.7% are PHD holders! The largest proportion of respondents that earn N100,000 below (including those who earn less than N20,000 per month) are dissatisfied with their current jobs are in desperate search for a change of jobs. On the other h, the greater proportion of respondents that claim to be happily employed earn N1,000,000 above. In line with the human nature however, respondents that earn N201,000 above have the highest proportion of those who could be tempted to move if they had better offers. Remarkably, even those who earn above N1,000,000 per month (45.2% of them!) could be tempted to move if they had better offers. Is there a relationship between Monthly Income Number of Years on the Job? % Monthly Income Years on the job Less than N20,000 N 21,000 N50,000 N 51,000 N100,000 N101,000 N200,000 N 201,000 N300,000 N 300,000 N1,000,000 N 1,000,000 above % 43.0% 43.0% 23.7% 13.2% 9.4% 9.9% % 36.5% 36.5% 31.4% 30.2% 19.5% 21.1% % 10.4% 10.4% 18.6% 18.5% 18.8% 12.0% Above 8 5.7% 10.1% 10.1% 26.3% 38.1% 52.3% 57.0% Total 100% 100% 100% 100% 100% 100% 100% 14

16 The greater proportion of respondents who earn N100,000 below are those who have the least number of years of experience. 31.4% of respondents who earn between N101,000 N200,000 have spent 3 to 5 years on the job. The largest proportions of highly paid respondents are those who have spent above 8 years on their jobs. 57% of those who earn above N1, 000,000 have spent over 8 years on the job. 15

17 Variations of Industry classification Industry Education Major ICT / Telec omm s Banking Financial Services Govern ment Others Educati on Oil & Gas / Mining Manufac turing / Producti on Constru ction / Real Estate Advertis ing / Media Healthcare Consul ting Trade / Services FMC G Logistics / Transport ation NGO Legal Retail / Whole sales Sciences Engineering 28 % 31 % 13% 22% 14% 23% 16% 18% 8% 12% 17% 16% 14% 18% 11% 16% 2% 15% 8% 8% 11% 8% 39% 30% 33% 5% 3% 21% 12% 16% 10% 6% 1% 12% Accounting 8% 29% 13% 17% 8% 12% 20% 10% 22% 5% 20% 20% 18% 18% 19% 6% 18% Others Economics related courses Humanities related courses Arts related courses 14 % 13% 13% 26% 8% 11% 10% 11% 15% 7% 12% 14% 13% 21% 15% 9% 20% 7% 20% 9% 9% 7% 8% 10% 5% 7% 2% 11% 16% 19% 16% 7% 1% 14% 7% 7% 11% 8% 7% 7% 6% 4% 15% 5% 11% 9% 9% 13% 16% 2% 6% 3% 5% 6% 7% 7% 3% 4% 3% 22% 2% 3% 8% 3% 5% 7% 5% 8% Education 1% 1% 8% 4% 29% 1% 2% 0% 1% 0% 2% 2% 1% 2% 3% 1% 6% Healthcare 0% 1% 5% 1% 1% 1% 2% 0% 1% 59% 0% 2% 2% 0% 8% 0% 0% Law 1% 2% 3% 2% 1% 2% 1% 1% 0% 0% 1% 1% 0% 2% 3% 73% 1% Real Estate 1% 1% 1% 1% 1% 1% 0% 24% 0% 0% 2% 1% 0% 1% 0% 0% 2% Total 100 % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100 % 100% 100% 100% 100 % 0

18 Most workers roles are not related to their course of study. The Legal industry is the most consistent employer with respect to employees field of study Is there a connection between Monthly Income Education Major? The table above shows a cross sectional view of industry the respondents education major. Ideally, a respondent s education major should determine the industry classification he or she is employed in. Though that is not entirely the case here, the figures show some level of consistency between the education major of respondents the industry classification in which they are employed. In summary, majority of respondents employed in Mining, construction real estate industry are engineering majors (as shown in the highlighted cells on the table above), 59% in healthcare industry are actually majors in healthcare, etc. Remarkably, 73% of the respondents in the Legal industry actually studied Law, making the Legal industry the most consistent employer with respect to employees field of study. Also, the biggest proportions of respondents in the NGO industry are accounting majors. Distribution of respondents in the Legal Industry 73% 1% 2% 6% 9% 5% 1% 2% 1% Sciences Engineering Accounting Others Economics related courses Humanities related courses Arts related courses Education Healthcare Distribution of respondents in the Healthcare Industry 59% 17% 3% 5% 7% 2% 5% 2% Sciences Engineering Accounting Others Economics related courses Humanities related courses 13

19 Acknowledgements We would like to thank the 10, 980 people from all over Nigeria who generously shared their time in completing the survey. Their data points weaved the compelling insights that make up this survey. We would also like to acknowledge the contributions of the Jobberman Team that worked on this Salary Survey. 14

20 About Jobberman.com Jobberman.com is a clear market leader in the jobs category in West Africa, Jobberman is ranked as the #3 Nigerian content website overall by Alexa.com the #1 website in the jobs category by Alexa.com. Operating in all the major cities in Nigeria, with a very long list of industry accolades strategic partnerships with nearly all of Nigeria s major media companies, Jobberman is now the largest jobs website in sub-saharan Africa in traffic membership outside of South Africa. In February 2012, Jobberman got named as #8 in Forbes Magazine Top 20 Tech Start-ups in Africa. 15

21 For further information To find out more about this survey, please send an to the Data & Analytics Team at or contact one of the following Data Leaders below: Nkemdilim Isiakpona Opeyemi Awoyemi

22 Jobberman Limited #1, Abimbola Okulaja Close Off Oladimeji Alo Street Lekki Phase I Lagos, NIGERIA Nicon Insurance Plaza 2 nd Floor Central Business Area Abuja, NIGERIA The Jobberman home page can be found at Jobberman.com Jobberman Jobberman logo are trademarks of Jobberman Limited. Other company, product service names may be trademarks or service marks of others. Copyright Jobberman Limited 2012 All Rights Reserved. 17