What is Salary?
A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.
It is contrasted with piece wages, where each job, hour, or other unit is paid separately, rather than on a periodic basis.
Salary Scale In Zambia
The salary range of employees working in Zambia is, by default, in the range of 2,997.00 ZMK (low salaries, employees’ actual wages may be even lower) to 11,134.00 ZMK
(high salaries, actual salaries can be even higher). This is the total monthly salary including bonuses.
What Is The Average Salary in Zambia in 2023?
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
- Salary Range, Minimum Wage, and Starting Salary Salaries in Zambia range from 1,520 ZMK per month (starting salary) to 26,800 ZMK per month (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
- Median SalaryThe median salary is 5,490 ZMK per month, which means that half (50%) of the population is earning less than 5,490 ZMK while the other half is earning more than 5,490 ZMK. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- Percentiles and Salary ScaleClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 3,960 ZMK while 75% of them are earning more than 3,960 ZMK. Also from the diagram, 75% of the population is earning less than 8,320 ZMK while 25% is earning more than 8,320 ZMK.
- Pay Scale StructureWe grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights into how salaries are actually distributed. Around 65% of all reported figures are in the range of 3,650 ZMK to 9,370 ZMK. Approximately 20% fall under the 3,650 ZMK cap. Ten percent of wages are from 9,370 ZMK to 12,000 ZMK. Only 5% of people grossed 12,000 ZMK or more.