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Employee Benefits

Minister to launch probe into miners’ missing pension money

The government is on the verge of appointing a task team to probe the whereabouts of pension funds belonging to mineworkers.  

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The annual earnings threshold has increased

The annual earnings threshold refers to the gross annual earnings of any private person that form part of their employee benefits package. It is a yardstick used to see if a person qualifies for some of the more basic protections entrenched in the Basic Conditions of Employment Act (BCEA). Up until recently, this annual earnings threshold was set at R193 805 per annum, meaning that a person earning, on average, more than R16 150.41 per month would be over the annual earnings threshold. The annual earnings threshold was recently increased – what does this mean for you?

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5 Steps to designing a total reward approach for your business

This is part three in a three-part series

In the last two parts of this series, I introduced the concept of a 'total reward approach' and gave examples of how this can be implemented in a business. In this final instalment, I give you five practical steps towards implementing a total reward approach in your business.

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Stakeholder engagement is key to balancing employer/employee requirements

This is part two of a three-part series.

If you want to balance your needs with those of your employees, the trick is to engage all your company's stakeholders in authentic and transparent communication. This so that you can design a robust and well-thought-out philosophy to reward all parties involved fairly and effectively. The organisation needs to be rewarded for its people investment people just like employees need to be rewarded fairly for their value. This is where the 'total reward approach', which I discussed in the last instalment, comes into play. I look at examples of core reward principles, which underpin a total reward approach, below.

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Credit card fraud: is the threat inside your company?

Credit cards are part of everyday business transactions. However, they present just as serious a security risk as cash does. While criminals external to your business can steal these cards, very often credit card fraud is an inside job. How can you prevent this type of fraud from happening in your company?

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