9 Aug 2023
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Financial and insurance services branch managers who have 15 years of experience in their job, will earn between K11,327 and K113,362 per month. Of the respondents, 16% are female and 84% are male. This is made clear in research by Mywage.org/Zambia, conducted in 2023.
Highest salary for financial and insurance services branch managers with 30 years of experience: K4,097 to K144,754 per month
Based on our survey, employees with 30 years of work experience earn the highest salary: between K4,097 and K144,754 per month. With 15 years of experience, workers in this occupation will earn between K11,327 and K113,362 per month.
Financial and insurance services branch managers mostly male
37% of employees state that they do not have any children. 84% says they are male, while 16% entered female as their gender. Employees who answered the survey are mostly between 24 and 29 years of age.
Average working week of 43 hours
Coverage by collective bargaining amongst workers is 7%, while 93% are not covered by a collective agreement, according to our survey. On average, workers work 43 hours per week.
Coworkers mostly male
Since starting their first job, 42% of workers in this occupation have worked fewer than 5 years. 53% of workers in this occupation state that they have a permanent contract for the work that they are doing. Of the participating employees, 47% work in a multinational organisation. For most people in this job, the majority of their coworkers are male. 47% of employees state that they have no permanent contract for their job. Workers in this occupation mostly work in organisations consisting of 500 or more people.
The survey shows that 11% of the workers in this occupation feel highly dissatisfied about their position. On the whole, people in this job feel in between satisfied and dissatisfied about their job. This feeling is shared by 39% of the people in this job.
Wage dissatisfaction high among financial and insurance services branch managers
Of all surveyed workers, 27% feel in between satisfied and dissatisfied about their salary. 37% of the workers reports to be dissatisfied with their wage.
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