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Employee wellness

Question:

I am all for support. But when you are faced with a situation where your boss shows sociopathic tendencies and bullies, people you cannot support or accept that. In your opinion what will be the best way to deal with such a situation?

Answer:

"I agree with you 100% that bullying in the workplace is unacceptable and that the behavioural tendencies you mention could have a very negative impact on the work environment. I strongly believe that we cannot complain about behaviour in the workplace if we continually permit or allow it. I would suggest that the unacceptable behaviour be addressed by having a direct discussion with the individual explaining why the behaviour is not conducive and stipulate what the consequences would be should the behaviour not improve. If the behaviour continues the internal HR policies and processes should be followed."

 

 

Provided by Kaelo Consulting

BI

Question: How can I use business intelligence effectively in the HR environment?

Answer:

HR analysis is a general application area for all business intelligence (BI) applications that deal with topics within the HR functional area. Specific applications within the HR analysis application area include:

  • Attrition analysis,
  • Benefits administration and analysis,
  • Compensation analysis,
  • Training and internal education analysis,
  • Hiring and headcount analysis, and
  • Skills management.

Follow this link to read how you can use BI in HR in a university environment.

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Provided by Microstrategy

 

 

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Labour

 

 

 

Question:

Are employees earning above the threshold entitled to ask for time off in lieu of overtime remuneration?

Answer:

Overtime hours and remuneration for employees earning above the threshold are not regulated by law. These items are regulated by the employee’s contract.

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Provided by Labour Law Management Consulting



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Retirement

Question: I am retiring from the public service shortly. There seems to be uncertainty about whether I can ask for a lump sum or if I should take it as it is – gratuity and annuity. Can you help with this one?


Answer:

Your retirement strategy requires careful consideration. For a comprehensive and reliable answer, we would have to conduct a full needs analysis, considering:

  • Your age,
  • The total amount of your savings,
  • Your income needs,
  • Your family affairs, and
  • Your estate-planning objectives.  

You should, however, appreciate the risks of your different options:

  • With a conventional annuity, you are basically buying insurance. This insurance will ensure that you have a steady income, possibly growing with inflation, for the rest of your life. You don't have to worry about how old you may get, or what investment markets will do over the next twenty years. That's the life company's problem. The downside is that:

    - The capital dies with you (or your spouse, if your annuity includes a spousal benefit), and

    - You have no flexibility. Your income is fixed and if you want to emigrate, you will still have to draw your pension here and then request a regular transfer.

  • If you take the lump sum, you need to know what you are doing: how to invest the money appropriately and how much to draw down every year. You run the risk of outliving your capital and of poor investment returns. Few people manage these risks well and most who take the lump sum tend to deplete it within ten years. This why, in future, National Treasury's retirement reforms will require all retirement investors to use two-thirds of their retirement savings to purchase an annuity.

  • If you select a living annuity rather than a guaranteed annuity, you also assume the longevity and investment risk, but your capital does not die with you.  This means your decision depends on your objectives.  

A possible compromise is to secure a minimum guaranteed income using a conventional annuity and to convert the rest to cash or a living annuity.

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Provided by 10X



 

 

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