Do your employees understand their annual bonus?
The difference between a thirteenth cheque and a performance bonus is clear but many employees aren’t aware that there’s a difference. A thirteenth cheque is an additional monthly salary or 8.33% of the employee’s annual salary that’s usually paid in December. A performance bonus is based on an employee’s performance and is subject to the […]
Must employees disclose their vaccination status?
While employers cannot force their employees to be vaccinated, there are various grounds for dismissing employees who object, provided that the employer has conducted a thorough risk assessment to determine the need for vaccination. They also need to provide every possible reasonable solution to accommodate them. One of the grounds on which an employer can let go of an employee who refuses the jab is the refusal of […]
Why investing in youth is good for your business
It was Nelson Mandela that famously said, “The youth of today are the leaders of tomorrow”. And although some years have passed since his death, his words still echo true. How we treat our youth (legally defined in South Africa as people between the ages of 15-35) will have a lasting impact on the growth of our country and even local businesses. Staggeringly, […]
Why employers should be careful when using ETI schemes
In a Binding Private Ruling issued on 6 July 2021, SARS has made strict ruling on an Employment Tax Incentive Act (ETI) scheme that has been doing the rounds. It is not often that negative rulings get published and it is therefore a unique situation that should serve as a warning to those participating in […]