A new report from a provider of technology solutions to optimise financial operations for African businesses, Duplo, has stressed the need for inflation-adjusted compensation packages and better training support for staff to address talent retention challenges in Nigeria’s finance sector.
The Duplo 2024 Salary Report is based on a survey of 593 finance professionals, with the majority of respondents falling within the 5-10 years of experience range (31.5%), followed by those with 3-5 years (19.9%) and less than 3 years (18.6%).
According to their responses, satisfaction with compensation remains low, with nearly 27% of respondents dissatisfied and 29% moderately dissatisfied with their current compensation. Only a small portion (3%) report being satisfied with their current compensation (down from 14.8% in 2023), indicating a growing need for more attractive and comprehensive compensation strategies.
The…
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