Graduate professionals confident in the future

Macy Seperepere, Manager: Professional Associations at PPS

Macy Seperepere, Manager: Professional Associations at PPS

The newly launched PPS Graduate Professional Index revealed that 73% of South Africa’s graduate professionals are confident in the future of their profession over the next five years, says Macy Seperepere, Manager: Professional Associations at PPS.

The main reasons for this positivity is because they believe that they work in a sought after profession (36%) and that they contribute positively to society (28%). The study was, conducted among over 3000 graduate professionals by PPS – the financial service provider focused on graduate professionals.

Seperepere says the results of the survey indicate that most professionals are proud of what they do and the fact that they help to make South Africa a better place for all its citizens. “Monetary reward is not high on their priority list as only 19% of the respondents listed earning capacity as a factor that has a positive effect on their confidence.”

It is interesting to note that of the 27% of the respondents who are not confident in the future of their profession, the prevalent factors that contribute towards their negativity are all external influences, says Seperepere.

“Political issues (42%) was the biggest concern, followed by economic conditions (27%), for those respondents who indicated they are not confident in the future of their professions.”

When breaking the responses down by age, it is noteworthy that 21% of the respondents who are positive in the future of their profession are between the ages 20-30 and 16% are aged 60 and above.

“It is very encouraging that the younger generation is optimistic about their future in South Africa, as this group will provide the skills to ensure the country runs smoothly for the foreseeable future.”

When it comes to encouraging their children to enter their specific profession, Seperepere explains that 55% of the respondents indicate that they would want their children to follow in their footsteps.

“The main reasons for this finding was that 43% viewed their skills as critically needed in the country and 32% would want their children in their same profession because they find it is a personally rewarding career. These results again reflect that financial reward is not the main reason these professionals would want their children to enter their professional occupations.

“Of the 45% of respondents who would not encourage their children to enter their profession, 45% said it is because they want their children to pursue a different profession to their own. 17% of these respondents also said that it is not a financially rewarding career,” says Seperepere.

When asked how unemployment affects their profession, 32% of the respondents stated that skilled professionals are resultantly unable to find appropriate jobs and are therefore moving overseas. She notes that these results are mirrored by an analysis of data from the Organisation for Economic Co-operation and Development, which show that South Africa has the highest number of highly skilled female professionals of any African country who are emigrating to other countries due to limited career opportunities.

“While it is very positive to note that our professionals are mostly confident in their future prospects of living and working in South Africa, it is clear that more has to be done to ensure our professional talent is retained in the country by increasing job opportunities for all South Africans,” concludes Seperepere.



Latest


21 Sep 2020
Women are lagging in retirement savings and are debilitated by stress

In a recent study of their client base, Momentum Corporate revealed that almost half (41%) of the employees on the…

Women are lagging in retirement savings and are debilitated by stress

In a recent study of their client base, Momentum Corporate revealed that almost half (41%) of the employees on the FundsAtWork Umbrella Funds are women. With an almost 50/50 gender split across the client base, a one-size-fits-all approach to advice on employee benefits simply won’t cut it. This is according…

15 Sep 2020
Despite COVID-19, SA investors expect higher future returns

Even as COVID-19 halted the longest economic expansion on record and plunged the world into deep recession, South African investors…

Despite COVID-19, SA investors expect higher future returns

Even as COVID-19 halted the longest economic expansion on record and plunged the world into deep recession, South African investors expect to make an average annual total return of 12.67% – almost 2% higher than the global average predicted returns of 10.9%. This was revealed in the recently released Schroders’…

15 Sep 2020
Are cryptocurrencies here to stay?

The recent news that cryptocurrency giant, Digital Currency Group, has acquired cryptocurrency exchange company, Luno, has once again highlighted the…

Are cryptocurrencies here to stay?

The recent news that cryptocurrency giant, Digital Currency Group, has acquired cryptocurrency exchange company, Luno, has once again highlighted the rise of cryptocurrencies as a possible alternative to the current global financial system. According to Old Mutual Investment Group Director of Investments, Hywel George, Bitcoin, as well as a number…

10 Sep 2020
How too much choice is draining your brain

By: Paul Nixon, head of technical marketing and behavioural finance at Momentum Investments From the words of Francis Scott Key…

How too much choice is draining your brain

By: Paul Nixon, head of technical marketing and behavioural finance at Momentum Investments From the words of Francis Scott Key that dubbed America “The land of the free”, which stuck, to the unforgettable Mel Gibson monologue where an army of painted Scots were willing to trade their lives for the…


Top stories


10 Apr 2020
When the going gets tough, farmers are on familiar territory

South African farmers are old hands at adapting to uncertain and daunting circumstances, and our local agricultural industry has proved…

When the going gets tough, farmers are on familiar territory

South African farmers are old hands at adapting to uncertain and daunting circumstances, and our local agricultural industry has proved to be most enterprising in acclimatising to challenges as they arise.

13 Apr 2020
Investors should keep a reasonable investment allocation outside of SA

MoneyMarketing asked Roland Gräbe, the head of Tailored Fund Portfolios at Old Mutual Wealth, about offshore investments in the COVID-19…

Investors should keep a reasonable investment allocation outside of SA

MoneyMarketing asked Roland Gräbe, the head of Tailored Fund Portfolios at Old Mutual Wealth, about offshore investments in the COVID-19 environment and what form a global market recovery will take.

13 Apr 2020
SA’s Proposed Covid-19 Disaster Management Tax Relief

The National Treasury recently issued the draft Disaster Management Tax Relief Bill (Bill) for public comment by 15 April. The…

SA’s Proposed Covid-19 Disaster Management Tax Relief

The National Treasury recently issued the draft Disaster Management Tax Relief Bill (Bill) for public comment by 15 April. The draft Bill, together with its explanatory memorandum, provides clarity with regards the tax relief measures President Cyril Ramaphosa announced on 23 March.

11 Apr 2020
Finding investment opportunities among the many COVID-19 risks

With many countries around the world in lockdown as they try to contain the spread of the COVID-19 virus, the…

Finding investment opportunities among the many COVID-19 risks

With many countries around the world in lockdown as they try to contain the spread of the COVID-19 virus, the global economy is facing an unprecedented situation of balancing health against financial livelihoods.


Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za