Tag: employee remuneration

In the rapidly evolving landscape of employee remuneration, the year 2024 marks a crucial juncture. The global dynamics are shifting, presenting both challenges and opportunities for organisations and their workforce. The remuneration climate is quickly and continuously changing, forcibly and consistently keeping us on our toes.

On 31 July 2023, National Treasury released their annual draft tax law amendments, for public comment. Although still at the draft stage, there are some pertinent proposed changes for which the supporting systems have already been implemented i.e., the “Beneficial Ownership Registers”.

Hiring employees who misrepresent their qualifications can be a costly mistake for employers. Not only does it damage the reputation of the company, but it can also lead to a loss of productivity and profits. Fortunately, employers have legal recourse when an employee has misrepresented their qualifications during the hiring process, including claiming back remuneration.

When one thinks of remuneration data, one tends to think of payroll data specifically. This article aims to broaden thinking about a bigger pool of data that could be a critical strategic tool for people managers and business leaders in the future.