Tag: medical aid benefit
Gap cover – an employee benefit that makes a real difference
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.
Understanding medical aid waiting periods
New members applying to medical aid schemes need to understand that there is a waiting period before they may claim. New members pay full contributions to the medical scheme during this waiting period, but cannot yet claim for full benefits from the scheme.
Leave benefits on the chopping block
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.
Understanding your pay slip
We often receive queries about pay slips. Many times, these queries stem from employees not understanding how their salaries and wages are structured, as well as uncertainty about salary codes. There are two types of pay slips - the pre-employment ‘dummy’ pay slip and monthly pay slips. The ‘dummy’ pay slip should include an estimation of what you will be earning along with a detailed explanation.
