by 11% year-on-year compared to the first quarter of 2023. This is according to the latest CareerJunction Employment Insights report, gathered from Saongroup South Africa, which works with over 5,000 of SA’s top recruiters.
In South Africa, big businesses have eyed layoffs in various sectors as a way to navigate uncertain economic times. Economists from the Bureau of Economic Research reported that despite a recent one percentage point increase in the unemployment rate from 32.9% to 33.9%, it remains bleak. “We need to act urgently to mitigate the fact that we don’t want to have too many certified yet unemployable young people entering the workforce. Importing talent is not a long-term solution and we cannot extend the contracts of those who enter the country to fix the problem now. We need to upskill locally and ensure that we have the talent to take the vital technology sector,
“As a technology-first business, we highly value the right digital skills and appreciate that what encompasses digital and tech skills is constantly being expanded, along with digital innovation”, saysSkills needed in the insurance sector include analytical skills, attention to detail, legal knowledge, and technical proficiency. These skills all abide by the use of technology, specifically with data control and the use of big data.
Source: Tech Daily Report (techdailyreport.net)
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