Tag: salary pay cut
Employee wellbeing affects the bottom line
There has never been a more critical time than now for employers to celebrate worker’s month by providing their employees with structured wellbeing programmes with a particular focus on financial wellbeing that can ultimately affect the bottom line if not managed effectively.
Big franchise brands are not better during the COVID-19 pandemic
The weaknesses inherent in franchised businesses and the health of relationships between franchisor and franchisees are being revealed as the COVID-19 pandemic unfolds. Excessive reliance on retail infrastructure, insufficient investment in digitisation and poor delivery capability is severely impacting franchised networks.
Expanded unemployment rate climbs to 43.1% in 2020 Q3
Statistics South Africa (Stats SA) reported on 12 November 2020 that employment in South Africa increased by 543,000 in the third quarter of the year – recovering some of the 2.2 million jobs lost during the lockdown-hit second quarter.
Manage your credit before it manages you
The COVID-19 crisis is having a profound impact on South Africa’s economy with the GDP forecast to contract by as much as 7.1% in 2020, to an all-time low of roughly -8.5%. A wide range of industries came to an abrupt halt during the national lockdown, with businesses across the board struggling to stay afloat – mass job cuts, and for many others, pay cuts, loom.
COVID-19: should executives pay be cut to support employees?
As the business world feels the effects of the coronavirus (COVID-19) pandemic and takes steps to adapt, companies are asking how they should approach their executives’ remuneration during this difficult time. Why is it so important for Boards and Remuneration Committees to address this issue?
