03

KEY FINDINGS

• Average salary down from R410.4K to R370.0KK, due to more inexperienced and less senior respondents than last year • However, real salaries across the property sector have risen by 9.1% and illustrates one of the strongest performances globally in the property sector

• Those employed in Retail Development (R731.5K), Fund Management (R721.8K) and Development Management (R629.9K) enjoy the highest average earnings

• 64% of respondents received a base salary increase (versus 63%*) • 34% of respondents had no change made to their base salary (versus 29%*) • Lower bonuses paid overall, those receiving bonuses fell from 58% to 53%, with an average bonus dropping from R72.8K to R62.9K per annum

• Provision of new benefits cut back across the board • 16% are not satisfied overall with their current job and the most likely reason for leaving an employer is in pursuit of a better career prospect, better salary and better benefits package

• 63% of respondents class their current employer an “employer of choice” (versus 69%*) with business vision and future potential being the leading factor

• 64% of respondents believe that the property market will get better over the next 12 months (versus 41%*)

*Last Year

RESEARCH SAMPLE PROFILE

Survey Response Rate Total

Salary Survey Regional Comparison Only Year on Year Comparison

In only the second year, with 1,363 respondents, the survey is the most robust and respected survey of its kind in South Africa and is securing a response rate comparable to other regions who have been operating for a longer period.

(Excludes UK Property Salary Survey 8,477 responses in 11th Year)

3,000 3,000 2,250 2,250 1,536.0 1,500 1,500 1,090.0 803.0 750 0

Asia Europe Middle East South Africa

750 1,195.0 1,033.0 1,299.0 1,363.0 2,083.0

58%

Ethnic Origin

Are you?

The ethnic origin of the survey respondents has seen a slight increase in the % of Asian respondents (increase from 6% to 12%) and decrease in the % of White respondents (down from 58% to 53%).

Base: All giving an answer (2009: 766, 2010: 918)

12% 24% 36% 48% 60%

12% 24% 36% 48% 60%

0%

Black Asian

2009

White

2010

53%

28% 28% 12% 6% 8% 7%

Mixed

PART OF THE CD RICHARD ELLIS NETWORK

The 2010 South African Salary, Rewards & Attitudes Survey Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13