Overview of Zambia
Population: 21,134,695 people
GDP: $119.93 billion (2024 est.)
The pandemics pushed into contractionZambia’s economy that was already weakened due to persistent droughts, falling copper prices and unsustainable economic policies. After the initial recovery from the pandemic, the economy of Zambia is predicted to grow by 1.0% in 2021and 2.0% in 2022, supported by the recovery in the mining, tourism, and manufacturing sectors. According to the national statistics office, the forecasted GDP growth in Algeria for 2021 is 6.2%, compared to minus 5.2% in2020 following the COVID-19 pandemic.
Being a developing country, there are multiple job opportunities in Zambia, but the skill gap is a vital issue to meet the specific requirement of the organization. The nation is experiencing a dramatic labor market shift from agriculture to services and industry. The government's initiatives for professional training must play a central role in addressing the talent gap and recession caused by the pandemic.
A brief glimpse of industries:
- The Zambia government is working towards strengthening labor supply and skill policies to expand Technical and Vocational Education and Training (TVET) programs. The government is collaborating with firms to offer on-the-job training and to encourage the growth of formal jobs through subsidizing social security payments follow-wage jobs.
- To fuel the country's economic growth and reduce the unemployment issue, the government is investing in large-scale infrastructure projects. This effort will improve the country's infrastructure to sustain growth in the manufacturing sector.
- There is no restriction on foreign investment. Most of the sectors allow FDI (foreign direct investment) —increasing foreign investments in real estate and infrastructure sectors have improved the growth of construction activities.
- Major revenue-generating industries of Zambia were copper mining and processing, construction, emerald mining, beverages, food, textiles, chemicals, fertilizer and horticulture. After the global fall in copper demand, the government has focused on boosting the manufacturing industry, agriculture industry, transport and communication, construction, and wholesale and trade.
- In the current situation, the government is also working to boost healthcare, pharmaceuticals, e-commerce, and IT industries.
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Cost of living in Zambia:
Living cost in Zambia highly depends on factors like the city or locality you choose to live in, the type of industry dominant in that area, your lifestyle, taxation policies, and so on. Location is the key factor to determine your living expenses. Though the price of utilities, groceries, and transport may affect the living cost, house rent plays a key role. Here is a brief idea about living costs in Zambia.
A Breakdown of the Average Living Cost in Zambia
Cost of renting
House rents in Zambia vary a lot depending on the location. Capital Lusaka, the mineral-rich Copperbelt region, or the large cities of the nation are the most populated regions, and accommodation cost is quite high there.
Your cost of living in Zambia depends on your location
The top sectors that are expected to hire in Zambia in 2024
Top Skills in Zambia
The well-structured job market in Zambia is not much developed to accommodate the working-age people of the country. To improve Zambia's economic condition and job opportunities, the government is encouraging entrepreneurship and private initiatives to develop industries and service sectors. Here are the key skills in demand in Zambia in different industries:
Top Skills City-wise Occupation-wise
Being the capital of Zambia, multiple companies have their headquarters in Lusaka. The city offers multiple job opportunities to freshers as well as experienced professionals with appropriate skill sets. Some of the significant industries hiring in Lusaka are:
- Consumer goods
- Customer services
Ndola is the second-largest city in Zambiain terms of industrial development. Multiple nationals and international companies have their headquarters or branch office here. Industries like copper and metal refinery, oil refinery, cement works, lime plants, etc., are notable in Ndola. This city offers multiple employment options to the Zambians.
Kitwe is a commercially rich city ofZambia, having either a branch or headquarters of almost all banks in the nation. The city is also home to local and international stores and restaurants. So, varieties of job options for Zambians are available here.
Kabwe has several manufacturing industries,including pharmaceuticals, milling and cotton ginning, drinking water plant,and leather tanning. Most of the jobs are available for skilled professionals.
Hiring expenses are essential factors to consider while employing people. For a successful hiring project, it is essential to estimate the suitable compensation for a post as well as the candidate. This involves in-depth knowledge about the cost of living in the city and overall expenditure. When you go to hire someone in a particular city,your hiring cost will be a cumulative sum of all the costs associated with filling a position, such as:
- advertising expenses,
- recruiting events costs,
- onboarding cost
- training cost
Salary structure for various roles in Zambia
The following table represents the average annual salary of various sectors in Zambia.
Employment Laws in Zambia
The employment law in Zambia is fundamental and simple. Here are the primary sources of employment laws in Zambia:
- The constitution of the Republic of Zambia
- TheEmployment Code Act. This contains the fundamental rules to develop a lawful employer and employee relationship inZambia and provides for all skills and labor advisory committees and their functions.
- TheIndustrial and Labour Relations Act.
- Common Law
- InternationalLaw. (Zambia is a signatory to the International Labour Organization.)
In Zambia, both oral and written employment contracts are valid. A work contract comprises details about working hours,annual paid leaves including sick leave and maternity leave, probationary period, termination clause, etc.
How Can Skuad Help You In Hiring in Zambia?
Hiring in Zambia requires talent and skill hunt along with in-depth knowledge of the employment laws, trends, city-wise living costs, etc. When you are looking for a one-stop solution for your hiring job, Skuad is the best option for you. As an Employer of record partner, Skuad can hire your employees on your behalf and take responsibility for all formal employment tasks. Contact Skuad to know more about the simplest hiring process.