Average Salary in Zimbabwe 2024

Unveiling Salary Dynamics in Zimbabwe: Analyzing the Pay Scale, Wage Gap, Annual Increments, and Education-Experience Breakdown. Explore the intricacies of Zimbabwe's salary landscape as we delve into factors such as pay scales, uncover wage gaps, dissect yearly increments, and reveal the correlation between education levels and years of experience with remuneration. Uncover useful insights to navigate Zimbabwe's dynamic job market, empowering individuals and organizations to make informed decisions. Stay ahead with a comprehensive analysis tailored to address salary concerns in Zimbabwe's competitive employment landscape.

Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Zimbabwe in 2024?

300USD

(USD 3,600 yearly)

Low 140 USD

Average 300 USD

High 1,400 USD

If you work in Zimbabwe, your average salary will be approximately USD 300 per month. Salaries can vary, with the lowest average at USD 140 and the highest average at USD 1,400 (actual maximum salary is higher). The mentioned salary includes housing, transport, and other benefits. There is a significant salary disparity between different careers. For specific job titles and their corresponding salaries, please refer below.

In comparison with average salary in Zimbabwe in 2023, salaries changed by +0.8% so far. Looking ahead, economists project a gradual recovery in the job market. The full comparison between 2023 and 2024 will be available by the year's end.

Check out the average salary in Zimbabwe. Check out the average salary in Zimbabwe.

Pay Scale and Salaries in Zimbabwe

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 1,400, 75% of the people earn USD 420 or less. 50% employees earn less USD 290 or less, 25% of the employees earn less than USD 220.

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Salary Structure

Nearly everyone earns less than USD 1,400, 75% of the people earn USD 420 or less. 50% employees earn less USD 290 or less, 25% of the employees earn less than USD 220.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Zimbabwe the minimum salary is USD 140.

Median Salary

In Zimbabwe, the median salary of USD 240 represents the middle point of all salaries in a dataset. This metric offers a more equitable perspective on income distribution and is frequently employed to assess average earnings across different professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Zimbabwe the salary ranges from USD 140 to USD 1,400.

Annual Salary Increments in Zimbabwe

What is the average annual salary increment in the Zimbabwe? How frequently do employees receive salary raises?

In 2024, the average salary increment for Zimbabwe employees was 0.8%. Please note that this is an average across all job sectors. On a global scale, the average for 2024 is 0.8%.

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In 2024 employees in Zimbabwe received around 0.8% salary increase. Please note that this is average across all job sectors. In comparison worldwide average for 2024 is 0.8%.

Historical Graph of Annual Salary Increments in Zimbabwe

In the past years, employees in Zimbabwe have seen their salaries rise by an average of 3.6% per year. The increment ranges from 0.8% to 6.3% per year on average.

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On an average, employees in Zimbabwe have received a salary increase ranging from 0.8% to 6.3% per year in recent years. This translates to an average increment of 3.6% per year.

Salary Forecast and Trends for the Future in Zimbabwe

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There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.8%. Estimated range is between 2.1% and 5.8%.

Gender Wage Gap in Zimbabwe

What is the difference in pay between mens and womens? Men vs. women salary comparison.

The wage gap in Zimbabwe currently stands at 7.0%.

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In Zimbabwe, the actual wage gap amounts to 7.0%.

It's due to many factors, such as:

Gender-based prejudice.
On an average, women take 10% more days of paid leave compared to men annually.
Compared to men, women have a lower likelihood of having a college degree.
Women are more likely than men to take on caregiving responsibilities for children and elderly relatives.
Compared to men, women are more prone to opt for part-time work, which often results in lower earnings than full-time employment.
Women are more likely to work in lower-paying occupations than men.

Check out the average salary in Zimbabwe. Check out the average salary in Zimbabwe.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

High school completion and achieving a bachelor's degree offer numerous advantages. Primarily, they substantially improve career prospects, resulting in increased earning potential and wider job options. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.

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The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and obtaining a bachelor's degree come with numerous benefits. Firstly, it significantly improves career prospects, leading to higher earning potential and increased access to a wider variety of job opportunities. Beyond financial rewards, pursuing a bachelor's degree promotes personal growth, enhances critical thinking skills, and provides the opportunity to specialize in a particular field of interest. It also facilitates valuable networking opportunities and fosters the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative path that opens doors to a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. underscores an unwavering commitment to intellectual exploration and a promising and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 7%-11%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 17%-21% higher, mirroring strategic influence and heightened leadership contributions.

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Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 7%-11%. Expertise and leadership garner higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 17%-21% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Zimbabwe

What is the average hourly wage in the Zimbabwe?

Average Hourly Wage

2USD

Low 1 USD

Average 2 USD

High 8 USD

What are the disadvantages of being paid on an hourly wage basis?

Income instability: Budgeting and planning for expenses can be difficult due to the irregular or fluctuating income that hourly wages may result in.
Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks commonly linked to full-time employment.
Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disrupt work-life balance and make it difficult to maintain consistent routines.
Uncertain job security: Layoffs, downsizing, or changes in demand can make hourly positions more vulnerable to job insecurity when compared to salaried positions.
Limited career advancement: There are instances where hourly employment offers restricted opportunities for career growth, professional development, or upward mobility within the organization.

It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.