business management, whether employed or running your own and also makes one internationally competitive.' Female studen
CIMA salary survey 2012 Botswana
2
Salary survey results Botswana average salary figures ‘78% of students and members say the CIMA qualification strengthens their position in salary negotiations.’
Survey figures for 2012 suggest that part qualified CIMA students in Botswana are earning on average P150,1921 in basic annual salary plus P12,617 in bonus payments, totalling P162,809 per annum. Tentative figures suggest that qualified members are earning on average P418,750 in basic salary plus P29,837 in bonus payments, totalling P448,587 per annum. Satisfaction with salary Among all part qualified students and qualified members, only 24% are satisfied with their current salary (35% among qualified members alone), which is likely to be a symptom of high consumer price inflation that has persisted for many years in Botswana at around 8%, going into double digits in 2006 and 2008.2
CIMA boosts salary deals Nevertheless, students and members in Botswana are very positive about the benefits of the CIMA qualification on employability and salary. 78% agree that the CIMA qualification strengthens their position in salary negotiations, and around 90% or more say it creates career opportunities, widens career choice and strengthens international employability.
The CIMA qualification strengthens your ability to move internationally with your career
96% agree
Salary increases anticipated 91% of CIMA students and members in Botswana are anticipating a salary rise over the next 12 months at an average rate of 8.0%, which in real terms will be matched by price inflation forecasts.3 ‘The CIMA qualification is recognised globally and I can study it from any country just in case I decide to move. CIMA members are recognised as ahead of the rest and focused on a strategic view of organisations. It also allows one to move across different departments of an organisation.’
The CIMA qualification creates career opportunities for you
93% agree
The CIMA qualification strengthens your ability to move across all areas of the business
89% agree
Male student, project accountant/manager, food industry
1 Average salary figures should be treated with caution as the respondent base is 26 for part qualified students and 20 for qualified members. 2 IMF World Economic Outlook, April 2012. Available at: www.imf.org/external/pubs/cat/longres.aspx?sk=25342; African Economic Outlook. Botswana. Available at: www.africaneconomicoutlook.org/en/countries/southern-africa/ Botswana/ Both accessed 19 July 2012. 3 Ibid.
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Business and the economy Expectations for future pay and conditions Botswana’s economic growth is expected to be positive but subdued, reaching about 3%–4% in 2012. The global financial crisis is resulting in falling demand for diamond exports, dampened consumer demand and public spending cuts.4 Reflecting this picture, the expectations of CIMA students and members in Botswana in 2012 are cautious.
The most positive expectation held by students and members is for increased business profitability (32%). However, figures suggest an expectation that budget cuts will squeeze headcount and limit salary rises: while 15% anticipate increased recruitment, 22% expect job cuts and 24% expect recruitment freezes. Furthermore, while 22% anticipate salary increases across the board in the organisation in which they work, 17% anticipate salary freezes.
Figure 2: Expectations for the business environment over the coming 12 months − selected indicators. 32%
Increase in the overall profitability of the business
29%
Budget cuts
24%
Recruitment freeze Salary increases
22%
Job cuts
22%
Fall in the overall profitability of business
22%
Less money available for future investment Salary freezes Increase in staff recruitment
20% 17% 15%
Working conditions Working hours Students and members in Botswana work 44 hours per week on average. Over the coming 12 months, 61% are expecting their working hours to increase, primarily due to taking on more responsibility/more pressure (54%) and understaffing (43%). Motivators at work The key motivators at work for students and members are a challenging workload (44%), training and development (43%), and
flexibility/work-life balance (38%). Other notable motivators are financial reward (33%), a good working environment (33%) and the scope of the role (28%). ‘CIMA is challenging and equips one with skills to tackle any challenge. CIMA keeps abreast with developments in the industry and constantly tailor-makes the syllabus to suit new developments.’ Male Associate member, lecturer in the education sector
4 African Economic Outlook. Botswana. Available at: www.africaneconomicoutlook.org/en/countries/southernafrica/Botswana; IMF World Economic Outlook, April 2012. Available at: www.imf.org/external/pubs/cat/longres. aspx?sk=25342; Market Research.com, Business Monitor International, 9 May 2012. Available at: www.marketresearch. com/Business-Monitor-International-v304/Botswana-Business-Forecast-Q3-7011812 All accessed 19 July 2012.
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Career plans ‘Members and students chose the CIMA qualification for the global reputation, competitive advantage and broad understanding of business management it provides.’
Seeking new opportunities 35% plan to move job within six months and a total of 84% are planning to do so within the next two years. Of those, 28% plan to move abroad. Indeed, 96% of all students and members agree that the CIMA qualification enables international employability. ‘Considering its international presence, relevance…and high reputation in finance, I decided to do CIMA so I could be recognised globally, enabling me to be eligible to work in most countries.’ Male student, accountant in very large accountancy business
Strategic planning and implementation and risk management are of most importance, underpinned by a desire to develop leadership skills. ‘People’ skills are also frequently mentioned − relationship management, communication skills (including writing, presenting and negotiating), persuading and influencing, and skills for developing others. Figure 3: Top skills that part qualified students and qualified members wish to develop 68% Strategic planning and implementation 66% Leadership 59% Risk management
When asked why they chose to become CIMA qualified, the priorities for students and members in Botswana were the reputation of the qualification, both at home and internationally, the breadth of the syllabus and the resultant competitive advantage it provides in industry − particularly to manage and lead businesses. ‘[I chose to become CIMA qualified] because it opens one to the world of business management, whether employed or running your own and also makes one internationally competitive.’
46% Decision making 43% Relationship management 38% Communication 34% Persuading and influencing 34% Personal development 33% Project management 32% Financial reporting 31% Skills for developing others
Female student, assistant accountant in the mining sector
Building skill sets Over the coming 12 months students and members in Botswana are keen to develop a broad range of strategic, managerial, technical and ‘people’ skills.
‘CIMA gives me an opportunity to partake in business decisions regarding the strategy and the future prospects. CIMA makes me more than an accountant, I actually view myself as part and parcel of the business and CIMA has equipped me with skills to be very influential in the way our business is run.’ Female Associate member, finance manager in construction and property sector
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Technical information Survey responses were collected by CIMA among active part qualified students and qualified members between 2 and 29 May 2012, via an online survey. The data was analysed and reported by an independent specialist consultancy. Just under 15,000 part qualified students and approximately 21,000 qualified members were selected and invited to participate in the
international study, which covers 19 markets in total. Within the study period 5,558 responded internationally, including 46 from Botswana. The response data presented in this report has been weighted to reflect the profile of CIMA part qualified students and qualified members by market. All base numbers quoted in figures report the lowest unweighted base; i.e. the number of responses.
Further information For further information on technical matters relating to this survey, contact
[email protected]
For further country specific analysis and reports, visit CIMA MY JOBS at http://myjobs.cimaglobal.com
Acknowledgements This research was conducted by CIMA in conjunction with Spotlight Market Research & Editing. The Chartered Institute of Management Accountants is a Market
Research Society Company Partner. Both CIMA and Spotlight abide by the Market Research Society’s Code of Conduct and the Data Protection Act.
Chartered Institute of Management Accountants 26 Chapter Street London SW1P 4NP United Kingdom T. +44 (0)20 7663 5441 F. +44 (0)20 7663 5442 E.
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