Madelein Smit, Managing Director at HR Company solutions

Loading player...
As part of the youth month, we have a recruitment expert who wants to talk about whether employers are realistic when paying the youth for entry-level jobs.
Employers will continue failing at recruiting and retaining younger employees if they do not align their expectations to those of prospective job seekers, says Managing Director at HR Company Solutions, Madelein Smit.
“What we are finding is that employers are not being realistic about the salaries that they are offering entry-level candidates in 2019’s economic climate. Often employers will ask jobseekers to have a higher education qualification, their own transport and to live close by to their area of work while offering to pay them less than the industry average,” Smit says.
She says employers cannot use metrics from 10 years ago to justify salaries in 2019.
“Employers need to understand that millennials and Gen Z hold different notions of work than their parents. They are purpose driven and have access to an abundance of information, including the average remuneration packages for their industry. As the adage goes, you get what you pay for and if you are looking for a millennial to stay with your organisation in the long term, you need to make it worth their while,” Smit explains.
A survey from Jobvite found that 30% of new employees quit in the first 90-days of being employed. Forty-three percent said their day-to-day role wasn’t what they expected, 34% report that an incident or bad experience drove them away, and 32% didn’t like the company culture.
Smit says organisations which cannot top the industry average should look at retaining their young talents using non-payable benefits such as revised working hours, study leave, a company culture that is inclusive and opportunities within the business to further educate their employees.
17 Jun 2019 12PM English South Africa Business News · Investing

Other recent episodes

Bitcoin at the Fed’s Crossroads

Bitcoin briefly touched a 12‑week high before pulling back—but with spot ETFs seeing some of their strongest inflows of the cycle, the market is shifting fast. Rob Price, CIO of Sound Money Capital, explains whether Bitcoin is still trading like a high‑beta macro asset or evolving into true sound money.
27 Apr 1PM 17 min

Oil’s Hidden Risks & Gold’s War Paradox

Oil is stuck near $90–95, but portfolio manager John Hasslet says the market is being held up by physical bottlenecks, not real fundamentals. He also unpacks why gold is falling during a major war and how inflation expectations are overpowering safe‑haven demand.
27 Apr 1PM 13 min

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min