Home Tags Temporary Employer/Employee Relief Scheme (TERS)
Tag: Temporary Employer/Employee Relief Scheme (TERS)
An interview with Lauren Salt, Executive, Employment, ENSafrica, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing the most recent changes to the Unemployment Insurance Fund (UIF) Temporary Employer/Employee Relief Scheme (TERS), also referred to as UIF TERS - specifically the new directive 2.3.1, the implications for employers claiming benefits and the future of the COVID-19 relief scheme.
Blame "Capital Monopoly" if you must, but blame "White Monopoly Capital" at your peril. The South African Government's strategy, when dealing with the economic fallout, has been to set itself off against Business squarely, being the demon in society, while characterising Government as the White Knight out to protect society against the ravages of bad Business.
An interview with Jacques van Wyk, Director, Werksmans Attorneys, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing an article penned by Bradley Workman-Davies, Director, Werksmans Attorneys, in the August/September edition of BusinessBrief, apropos an important recent judgement in the Johannesburg High Court which has provided some clarity with regard to no-work no-pay during the lockdown.
With the increasing number of COVID-19 infections, employers must deal with employees who test positive for the virus, those who come into contact with individuals who test positive, and those who present with COVID-19 related symptoms. It is therefore important for employers to understand when sick leave must be used.
With the easing of the nationwide lockdown in response to the COVID-19 pandemic through the Government's 'Risk Adjusted Strategy' (comprising of five lockdown levels), more and more business can lawfully operate again. As a result, employees will be returning to work and employers will be obliged to remunerate them again.
To date, the Unemployment Insurance Fund’s Temporary Employee Relief Scheme (TERS) has paid over R15,7-billion to 2,288,295 in its COVID-19 relief payments. Many employers, however, are still having their applications rejected. Small, seemingly insignificant discrepancies in submissions are seen as mistakes and will lead to the submission being rejected.
The globe is on lockdown at the moment as we all face the COVID-19 pandemic, and this is a time which is creating a lot of fear, anxiety and uncertainty in the workplace. It is not just with people now having to work from home, but for those who have pursued new job opportunities and received job offers to start during or after lockdown, and now face a highly unnerving state of anxiety about if they will start or not or if their offers will be withdrawn or if they should even hand in their resignations.
The Covid-19 crisis has brought much of the world economy to a sudden stop. Millions upon millions of people are in lockdown across the world, preventing them from working, buying, producing and selling goods and services. Global and local supply chains are interrupted, and small and large companies see a collapse in income. Households are under similar pressure.
It is understandable that business owners feel panicky because of the toll Corona is taking on business income. However, many businesses realise that if they implement wholesale retrenchments they will not only lose valuable skills but will also reduce the buying power of the public. This would then further reduce the business’s ability to earn an income.