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The Pervasive Issue of Black Tax in Young South African Black Professionals Career Management

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International Business Conference

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This research addresses the pervasive issue of Black Tax amongst young black professionals in South Africa. The study seeks to unravel the intricate dynamics of balancing financial obligations to extended family members with personal financial goals, career progression, and psychological well-being. The research addresses a critical gap in understanding how Black Tax influences career management among young black professionals. The research problem stems from the limited comprehension of how Black Tax influences career management of young black professionals. The purpose of the study was to delve into the experiences and perceptions of young black professionals grounded in a theoretical foundation that acknowledges the complexity of familial obligations and career aspirations, a qualitative phenomenological research approach and purposive sampling were employed to capture the perspectives of voluntary participants. Thematic analysis was employed by analysing seven interview transcripts. Key findings showed the multifaceted influence of Black Tax on career choices, goals, and prospects. It offers actionable insights for individuals, organisations, and policymakers. The research addresses a critical gap in understanding how Black Tax influences career management among young black professionals. Managerial implications extend to individuals, organisations, and policymakers. Insights gained could inform workplace practices, inclusive policies, and strategic decision-making at both individual and organisational levels.

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Journal Article, Faculty of Economic and Management Sciences-- North-West University Business School

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Powell, Marelise & Du Plessis, Yvonne. 2024. The Pervasive Issue of Black Tax in Young South African Black Professionals Career Management. International Business Conference (2024), [https://internationalbusinessconference.com/wp-content/uploads/2024/10/CP58]

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