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.
Finance
What part will reward professionals play in Ramaphosa’s new dawn
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:
What are the financial risks of job hopping?
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.
What is the advantage to outsourcing executive payrolls?
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.
Why salaried workers are feeling the impact of slow economic growth
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).
4 tips on how to ace salary negotiations and get paid what you’re worth
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.
9 ways to get your employees out of debt
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.
Gainsharing versus share participation
It would be advisable to take a fresh look at the gainsharing option to enhance productivity.
How transparent are you about your total reward?
Transparency about reward is fine … so long as it applies to others.
Money alone just doesn’t cut it anymore
Salary, benefits and a great bonus are no longer enough to keep a top employee.
Minimum wages come at a price
We need evidence-based and not sentiment-based decisions regarding minimum wages.
Paying for employee income disability benefit never received
If you have not changed your employee benefits since 01 March 2015, you are paying too much!
How to minimise the impact of wage overpayments
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.
What is the driving success with EPM?
Consistent, profitable growth – these are the words which define one of the biggest challenges facing the enterprise today.
Comments on the 2017 Budget Review
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.