Hire in Swaziland

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Hire in Swaziland

The economy of Swaziland is very closely related to the economy of South Africa, in which it receives over 90 percent of its imports. Swaziland is now known as Eswatini. The economy of Swaziland is defined as a free market. Swaziland is known to have a poverty rate of 69.2 percent. It is a country that is a lower middle-income with a lower GDP dependent on various factors.

Since the COVID-19 outbreak, the economy of Swaziland has declined with changes in certain factors. Though being a country with a high poverty rate, Swaziland survived the pandemic very boldly. The manufacturing of textiles and sugar-related processing represents 37% of the GDP. There are various sectors of the government which contribute up to 50% of the GDP. The unemployment rate of Swaziland is 22.24%, as it is a lower-middle-income country. Swaziland is one of the countries which has a free-market economy in different sectors. Swaziland is one of the cheapest countries to live in, but also, at the same time, it is not very safe during the night.

Overview of Swaziland

The economic rate of Swaziland has averaged 2.8 percent and is nearly 2 percentage points lower than the growth of other South African Customs Union member countries. The service sector of Swaziland comprises 44 percent of the GDP, and the other sectors contribute to the GDP. The external debt burden has declined markedly over the last 20 years. The country has not been hit by a recession in the last few years.

Total population: 1.15 million

GDP: the US $4.71 billion (2020)

Economic Overview 

As per the reports and study regarding the economy of Swaziland, it was found that the economic growth in Swaziland has lagged since the last few years and has averaged 2.8 per cent lower than the growth of other neighboring countries. There are certain factors, such as low agricultural productivity, repeated droughts, and the effect of HIV/AIDS, contributing to the decline in the GDP rate. The revenues that were declining and increased spending has led to the deficits in the budget.

Market size 

The outbreak of COVID-19 has hit everyone differently, with the country's GDP declining in every other sector. Different sectors have been hit by the outbreak, such as coal mining, wood pulp, and other private and public sectors. However, the recent study and research suggest that the industry revenue has increased at an annual rate between the years.

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A brief glimpse of the industries

  • The finance of Swaziland is small but is very well-diversified and developed as well. The financial sector of Swaziland is regulated and monitored by the Central Bank of Swaziland in a very well liberated manner. Due to the pandemic, the cash flow has declined in the past year and is said to increase in the coming years.
  • The population of Swaziland has increased in the last few years, and since the outbreak of coronavirus, there has been an increase in the demand for healthcare services. There have been changes in the various sectors of the economy.
  • The various industries such as coal mining, wood pulp, sugar, soft drink, and other industries are expected to see growth since the increase in the prices of the utilities. The employees in the industries are trying their hardest to get the income. 
  • The internet is also playing a major role in generating industry revenue for IT services and other computer system design services. Also, the industry's revenue is expected to increase at a certain rate based on different factors. 
  • When compared to other countries, Swaziland has also experienced slow conditions in the retail sector. The expenditure on essential goods has also increased, and the spending in the retail sector has been falling due to the economic environment that is not stable.

Cost of living in Swaziland

The cost of living in Swaziland is less as compared to the other countries in the world. Swaziland is one of the liveliest states in the world. The property rates vary from one city to another based on different factors. Given below is a table that will help you in understanding the cost of living in Swaziland:

Category Area of expense Estimated cost USD
Utilities Electricity, Water, Heating, Internet services, Prepaid mobile tariff US $136.96
Rental rates Apartment (1 room) in city and outside city,

Apartment (2-3 rooms) In the city and outside the city.

US $337.33

US $688

Transportation Cost One way ticket local transport, Taxi tariff, Gasoline. US $3.42
Food and Beverage Grocery, Vegetables, Meat and Poultry US $50
Salaries and Financing Average monthly net salary

US $890

Cost of Renting

The cost of rent in Swaziland differs according to the area and the location where you prefer to stay. A one-bedroom apartment may cost you about US $688, which also depends upon the area of the apartment. The rent may increase according to the areas and also the amenities that are available there.

Cost of living depending upon your location

The allocated resources have also increased different costs of living for different cities. The different parts of the country have recently seen a decline and witnessed a reduction in the cost of living, which is also one of the factors for individuals to relocate to different parts of the city. There are different areas that have different costs of living.

The top sectors that are expected to hire in 2021 in Swaziland are:

Top skills in Swaziland

To work in Swaziland's public and service sector, individuals need to have certain top skills to enable them to work efficiently. The companies are keen on hiring trained professionals in the field and have subject-related knowledge in the field. There are different job opportunities for individuals who are willing to work in Swaziland.

Major skills and areas which have witnessed a recent growth rate

  • Business
  • Production 
  • Communication 
  • Languages

Top skills city-wise occupation-wise

  • Manzini: With over 110,000, Manzini is the biggest city in Swaziland and is also regarded as the driver of economic growth in the region. The most in-demand jobs here are in the health sector and infrastructure sector. The average salary is around US $1,095.
  • Mbabane: With a population of around 90,000, Mbabane is the second biggest city in Swaziland and is also the executive capital of the country. IT professionals and healthcare professionals enjoy a great demand here. The average salary is around US $1,050.

Hiring Cost

The hiring cost is one of the most vital parts for employers when they are conducting a recruitment drive to hire employees in the organization. There are certain factors that the organization needs to think about to hire a new individual in the organization, such as :

  • Onboarding and training 
  • Training
  • Remuneration 
  • Interviews 
  • Time to be invested

Salary structure for various roles

The table which is given below highlights the average salary that is offered to the employees in Swaziland according to the different sectors:

S.No. Top Industries looking to hire
1. Health services
2. Coal mining
3. Wood pulp
4. Textile and apparel
5. Professional services and IT sector
Business Sector Average Annual Salary (USD)
Health services US $462.14
Coal mining US $278.80
Textile and apparel US $263.69
Professional services and IT sector US $334.42
Retail Trade US $337.85

Employment laws in Swaziland

To work in an organization, individuals need to abide by the laws to function smoothly. Certain employment laws are for individuals working in the different sectors of Swaziland. Factors such as penalty, work hours, etc., vary according to the industries. The employment aspects are as follows:

  • Overtime working 
  • Anti-discrimination 
  • Paid and unpaid leaves
  • Workplace surveillance

The laws and regulations that govern the employment relationships in Swaziland are based upon:

  • Social security laws
  • Contractual basis 
  • The common law and 
  • Legislation

How Can Skuad Help You with Hiring in Swaziland?

If you are looking to streamline your hiring processes in Swaziland, then it is important to partner with a team of experienced consultants. This decision can help you save a significant amount of money as well as time. Connect with Skuad experts to know more about the recruitment services on offer.

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