Tag: employee benefits

Benefits are an important part of attracting and retaining talent for corporates, and these offerings can often be a point of differentiation. As such, many businesses have started to offer Employee Assistance Programmes (EAP) to cater to physical, financial and mental health, along with the more common medical aid, pension and provident funds.

Access to quality primary health care will address around 90% of our population’s health needs throughout their lives, largely through early detection and prevention of disease, preventative care and health screenings including vaccinations, cancer screenings, pre-natal and antenatal care, as well as ongoing management of chronic conditions, building a more resilient, healthier, productive population.

On the back of COVID-19, and the widespread financial difficulties that many people experienced as a result of two years of lockdowns, some South African employees opted to resign from their jobs in order to access their retirement savings. 

The pandemic has highlighted the importance of employee relations in the workplace, and it is more critical than ever to maintain clear communication between management and workers. A breakdown in employee relations can be detrimental to the organisation and business productivity.

The world has changed irrevocably and a new way of life and work in every aspect is now a reality. This requires HR to review its priorities and place renewed emphasis on 'being human' and building effective human systems and human organisations.

Our recent research  shows how navigating the pandemic unified leadership teams, while employees have generally found their leaders to be caring and empathetic as they lead their organisations through the challenges of COVID-19.

New research highlights that now, more than ever, employee mindsets really matter. As COVID-19 continues to reshape our world, business leaders are asking themselves how they can protect  their organisations against future crises and remain sustainably successful amid unrelenting change and uncertainty in a post-pandemic world.

South African companies are acknowledging that the post COVID-19 period requires new thinking on talent and skills retention, embracing technology, incorporating sustainability in business models, and investing more in employee well-being, benefits and engagement.

As a result of the COVID-19 pandemic, the current business environment can truly be defined as volatile, uncertain, complex and ambiguous (VUCA) – a constant state of flux. No business is immune to these factors, regardless of size or industry.

You’ve made the effort to get an executable will in place, but are you all sorted in terms of knowing who will get what? Not necessarily. Unfortunately, it’s not that clear cut. Many of us confuse how our assets will be distributed through our will, with the distribution of death benefits from our company sponsored retirement fund – often assuming that our death benefits fall within the scope of our will. But the two are treated very differently when we die.