- The pay will be increasingly aligned to risks taken, an indication of the intense competition in a regional market that is increasingly demanding innovative thinking and fresh solutions from managers.
- And as firms increase salaries to match their rivals, they are also keen to boost their headcount — signalling a wave of new jobs across sectors in the region.
- The region’s occasionally unstable business environment is a challenge for top executives, forcing employees to demand pay for performance.
- HR executives said different market fundamentals — like profitability of firms and availability of skills — in the region will mean countries will increase salaries at varying rates, further deepening the wage discrepancies that exist within the EAC.
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