Tag: salary increase

Nearly half of business leaders have seen an increase in employee turnover after delaying pay rises for professionals and white-collar workers. This is according to our new research. As the economic landscape continues to evolve, I have seen many employers facing difficult financial decisions.

Master of Business Administration (MBA) and Doctor of Business Administration (DBA) education choices offer professionals a strategic pathway to enhance leadership skills, drive career growth, and achieve long-term success. These qualifications equip professionals with leadership skills, strategic insight, and global perspective. These qualities are essential to excel.

The Change. The Transition. The Great Climacteric. The M-word. Menopause, when ovaries stop producing eggs and women no longer have periods. Approximately 75% of women will experience symptoms that accompany the drop in oestrogen that comes with menopause. And when we do, it can get expensive to manage.

No matter how much you love your job, financial freedom should be your ultimate goal. For those unfamiliar with the term, financial freedom can best be understood as a state where individuals or households have enough financial resources to cover their living expenses without having to depend on work to maintain their standard of living.

South Africans are getting poorer as wage increases lag behind inflation as the "Great Resignation" trend continues to grip employers. South African employers expect to award wage increases of 4% to 6% in the next 12-month period, which is substantially below the current 7% inflation rate, denting employee disposable income and placing pressure on companies to find new ways to keep staff engaged and retain critical skills.

Inflation is the increase in prices over a specific period and which leads to a reduction in the purchasing power of money. The correlation between inflation and purchasing power is important because sometimes we are fooled into thinking that just because an amount increased, like your salary, your purchasing power remains the same.

June 23rd was Africa Public Service Day, when we were urged to give thanks for our public servants and the work they do. There were no street marches of banner-waving civil servants to mark the occasion, but there was a special media release issued by the Public Servants Association (PSA).

Media publications around the world are buzzing with anecdotal evidence of what has been called The Great Resignation – the COVID-19 lockdown-driven reassessment by individuals of the meaning of work in their lives. 2022 is shaping up to be a year of reckoning where employees and organisations both determine what is important for them and how they can continue to work together.

Do you feel that you have lost your voice in the workplace? Perhaps you identify to the following phrases: 'No one takes me seriously', 'My ideas are always put on the back burner', 'Every time there is a promotion, I am overlooked!'. We hear or experience these phrases from time to time, usually after a disappointment, frustration or something that did not go our (planned) way.

All five members of the Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 3,5%. It has been on this level since 23 July 2020. The MPC viewed the overall risks to the Consumer Price Index (CPI) outlook to be on the upside compared to balanced in the March 2021 statement. This means the MPC’s interest rate outlook is more hawkish.