Tag: retrenchment

The law makes it compulsory for employers to consult with the potential retrenchees or with their representatives before deciding to retrench. Despite this, employers often refuse to allow the employees to bring external representatives to the consultation meetings.

Artificial intelligence (AI) provides a service to HR, but shouldn’t replace people as a way of handling human resources within the business. AI has dominated business conversations in 2023 – the dangers of using a generative AI such as ChatGPT when it comes to content and communication, the dangers of artificial generative intelligence (AGI) within society and, of course, the use of AI across multiple touchpoints within the business itself.

Statistics South Africa (StatsSA) confirm that women live considerably longer than men, on average. The general consensus is that the combination of men’s lifestyle choices and their reluctance to seek medical advice is a major contribution to their relatively high incidence of serious health issues at a young age.

Whether through resignation, retirement or retrenchment, people change jobs all the time. Unfortunately, most of them cash out their pension funds when they do – and it’s one of the biggest reasons why only 6 out of every 100 South Africans end up with enough money to retire, according to the South African Treasury.

In many cases when employers hire executive level, management or key employees, there is a recognition that these hires can impact the success of the business, due to the individual's recognition in their industry, or knowledge and experience, or client and customer relationships, or a combination of all of these qualities.

In any workplace, the relationship between management and the workforce can become tense or strained, for any number of reasons. Often, these tensions can escalate into industrial action, which can be severely disruptive to business.

Given the current high cost of living and uncertain economic environment, being caught off guard by an unforeseen life event may place one in a far worse financial position if no insurance policies are in place to safeguard themselves and their assets.

Before making any decision to retrench employers are required to first consult with the union or affected employees on a number of issues, the most important of which is any means of avoiding job losses.

A need for flexibility at work, employee benefits, the effects of the great resignation on organisations, the increased role of technology and a shift to a gig economy are some of the trends that were discussed at our Corporate’s Partnership Connect 2022 event in Rosebank.

The COVID-19 pandemic has brought many changes to the way the world goes about its business; namely, the way we socialise, the way we travel, the way we take care of our health, the way we shop, the way we do business, the way we structure our time and the way we work.