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:
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 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.