Human Resources South Africa|Thursday, June 20, 2013
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public sector packages

Private Sector can’t compete with inflated public sector packages

Prior to the 2008/9 global crisis the private sector largely offered competitive remuneration packages for top talent. However this changed due to private sector budget cuts and salary freezes coupled with government's ever growing wage bill. Now the average top executive in a state owned enterprise earns, on average, 35% more than their private sector counterpart. While government does ...Full Article