Tag: remuneration
Tesla CEO pay package tests shareholder trust
The announcement by Tesla of the 2025 CEO Performance Award for Elon Musk signals nothing less than a reckoning with a fundamental question. What does it really cost to secure not just a top executive, but a visionary? As the board persuades shareholders to “vote yes to robots, and reject robotic voting”, the Tesla CEO pay package forces a stark trade-off.
Hiring without an HR department – a practical guide for SMEs
Multitasking comes naturally to you as the owner or manager of a small, growing business. But when it comes to recruitment, many small and medium enterprises (SMEs) feel stretched. Without an internal recruiter or a dedicated HR team, it is difficult to know where to start.
Conditional reinstatements shake the labour law tightrope
When an employee has been unfairly dismissed, the Labour Relations Act (LRA) prescribes reinstatement as the remedy. The employer can depart from this only if it shows good reason. Full reinstatement requires the employer to pay the employee all remuneration accrued between the date of dismissal and the date of reinstatement.
Ghost employees – haunting your payroll and HR?
If something strange seems to be happening in your payroll and HR department, and your company’s profits are vanishing into thin air, chances are you have ghost employees in payroll draining your bottom line. From my experience, the presence of ghost employees on a company’s payroll system ranks among the most difficult types of payroll fraud to detect.
Payroll mistakes to fix before SARS finds them
In a tightening economy, the South African Revenue Service (SARS) is under increasing pressure to collect every cent it can. This effort is critical to shoring up the South African fiscus. While many compliant businesses play by the rules, it is becoming clear that some large corporations are pushing the envelope too far. Some do so unintentionally, but others proceed with eyes wide open.
VAT hike – holistic employee support vital
The South African government has concluded its 2025 budget deliberations. It announced a Value Added Tax (VAT) increase of 0.5% from May 2025. It also announced a possible further 0.5% hike by April 2026. These increases are part of measures to address the growing budget deficit.
SARS PAYE compliance – employers must get it right
The South African Revenue Service (SARS) has signalled a stronger focus on Pay-As-You-Earn (PAYE) compliance. Furthermore, SARS PAYE compliance focus is highlighted in its 2023/24 Annual Report. SARS's renewed attention includes a rigorous auditing strategy targeting employers. The aim is to ensure PAYE is accurately held and remitted.
Employee disability benefit claims – employer responsibilities and benefit options
Employee benefits such as a retirement fund, healthcare insurance, medical scheme membership, group life and disability benefits are pre-negotiated and agreed upon as part of the employment process and contracting. Typically, these benefits remain in place until the employee-employer relationship concludes through resignation, dismissal, retrenchment, retirement or death.
New Companies Act requirements
During Parliamentary debates on amendments to the Companies Act in 2023, it was noted that the biggest opposition to the amendments related to the disclosure of remuneration. With the President signing the Companies Amendment Act on the 26th of July 2024, debates on the new remuneration requirements will resurface.
Red flags to spot social media job scams
As social media becomes more intertwined with our daily routines, sly cybercriminals are using it to trick people with fake job offers. What are these social-media recruitment scams, and how can you spot the red flags? With over 32% of South Africans struggling to find jobs, it is no wonder that scams targeting job seekers are becoming more common.
