2022 USD Salaries Payment Practices Report

Summary of Key Findings

• The organizations in the NGO, Mining, Construction, and Telecommunications sectors pay salaries largely in USD.
• A majority of the respondents (70%) pay a certain percentage of their employee salaries in USD.
• The top management is the highest compensated in USD compared to the rest of the staff.
• Top management earns a greater percentage of their allowances in USD.
• Participants are unsure of the impact of paying employees in USD on the company revenue and productivity.
• Many organizations are receiving USD local sales enabling them to pay staff in US dollars.
• The highest staff cost to income/revenue is in the following sectors: NGO, Professional Services, and Quasi-Government.
• See our conclusions for insights and implications of these findings.