The period between the calendar and tax year end is referred to as “RA season” by the savings industry in South Africa. It is during this time that taxpayers seek to reduce their income tax bill by making a top up contribution to their retirement annuity.
The laws of supply and demand impact what we pay for everything. But when it comes to remuneration there are additional, subtle factors at play — things like cost of living, the economy, political (in)stability and our society and culture.
In order to attract and retain talent it is vital to monitor local national salary trends in all the locations where you operate. ECA’s Research Analyst, Charlotte Harris, reports on the key findings from this year’s Salary Trends Survey.
Once seen as a key driver of employee productivity, business leaders are now starting to consider conventional performance management systems as ineffective, too expensive, and time-consuming and often demotivating.