10 Jun 2023
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Credit and loans officers with 20 years of work experience will earn between K9,132 and K66,079 per month. Since starting their first job, 63% of people in this job have worked fewer than 5 years. This is the conclusion of research carried out by Mywage.org/Zambia, in 2023.
Highest salary for credit and loans officers with 15 years of experience: K7,723 to K71,844 per month
Based on our survey, employees with 15 years of work experience earn the highest salary: between K7,723 and K71,844 per month. Veteran workers with 30 years worth of experience can earn an hourly wage between K54 and K273 per hour.
The age group for people in this job who answered the survey was mostly between 24 and 29 years of age. 47% of the respondents are female, 53% are male. 58% of employees have 1 child or more.
Employees work 41 hours per week on average. According to our survey, coverage by collective bargaining among employees is set at 10%. 90% are not covered by a collective agreement.
Majority organisations employ 500 or more workers
63% of workers have worked fewer than 5 years since their first job. In most cases, workers in this occupation report that the majority of their coworkers are male. The majority of workers in this occupation work in organisations of 500 or more employees. People in this job who have a permanent contract for the work they are performing, add up to 61%. Employees who do not have a permanent contract for the work they are performing, added up to 39% of respondents. 33% of all participating employees work in a multinational organisation.
The survey shows that 10% of the employees feel highly satisfied about their position. On the whole, people in this job feel in between satisfied and dissatisfied about their job. This feeling is shared by 29% of the people in this job.
Of all surveyed workers, 23% feel in between satisfied and dissatisfied about their salary. 48% of the workers reports to be dissatisfied with their wage.
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