The salary hits the account today, but for some Malawian workers, it is already a memory by the end of the week.
A new study by Zomba-based Crystal Management Consult has found that many employees exhaust their salaries within just three to seven days after payday.
HR expert and researcher Bright Limani, who conducted the study, says the rapid depletion of salaries is being driven by multiple factors.
The researcher revealed that some of the factors include heavy financial responsibilities and poor personal financial management.
However, Limani has advised workers to consider having additional sources of income to increase their earning potential, and adopt better personal financial management practices.
The study, which examined how long salaries last and the rate at which employees deplete their income, involved 752 people, with 378 respondents forming the sample.
