
2018 Budget Speech: The small biz wish list
The Finance Minister’s Budget Speech for 2018/9 (21 February 2018) outlined the country’s economic growth strategy for the year to come.
The Finance Minister’s Budget Speech for 2018/9 (21 February 2018) outlined the country’s economic growth strategy for the year to come.
The prosperity and equality of the nation’s workforce alluded to in the recent State of the Nation address by President Ramaphosa – is in large part determined by reward practitioners:
There used to be a stigma attached to those who hop from job to job, raising their salaries and expectations along with their restless move from organisation to organisation.
Complying with legislation that governs director’s PAYE for executive payroll is a complex undertaking and it makes business sense to outsource this function – including being able to leverage expertise to tick all the governance boxes.
September’s real disposable take-home income declined for the first time in seven months on a year-on-year basis, according to the latest BankservAfrica Disposable Salary Index (BDSI).
The words “salary negotiation” can dry the mouth of the most confident person, but renegotiating your package with your existing boss or coming to an agreement with a new employer needn’t be terrifying.
If you care about your employees’ wellness, you should also care about their financial wellbeing. Debt and financial problems can affect productivity, so it also makes business sense to take these matters seriously.
It would be advisable to take a fresh look at the gainsharing option to enhance productivity.
Transparency about reward is fine … so long as it applies to others.
Salary, benefits and a great bonus are no longer enough to keep a top employee.
We need evidence-based and not sentiment-based decisions regarding minimum wages.
If you have not changed your employee benefits since 01 March 2015, you are paying too much!
Wage overpayments can have a significant impact on the corporate bottom line, employee and business taxation, and also employee relations. It is a complex issue which requires that payroll management and HR work together to ensure that systems and controls are put in place to prevent this type of error from happening.
Consistent, profitable growth – these are the words which define one of the biggest challenges facing the enterprise today.
As many pundits predicted, the Minister of Finance today announced a new 45% tax bracket for individuals which will apply to taxable income in excess of R1.5 million.
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