Building a reward strategy in Africa
Corporations are growing their operations in Africa – sensing the opportunities. Global foreign direct investment flows rose 11% in 2018 compared to the slump faced by the rest of the world*, indicating greater confidence in the Africa market.
With a growth in corporate operations, there is a rising need for talent. However, with the current talent shortage, organizations are facing a tough challenge in attracting, retaining, and motivating people who have the pick of competing organizations to work for.
To rise to this challenge, organizations need to establish robust local reward strategies by mastering market pay trends and evolutions. This requires a clear view on the local reward landscape in order to build consistent and competitive local salary structures. But given the lack of visibility on pay practices in the region due to limited providers and incomplete databases.
Our reward experts for Africa will discuss these challenges and their solutions.
*UNCTAD World Investment Report 2019
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