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PROMOTING AND DEVELOPING THE REWARD PROFESSION AND PRACTICES 29 April 2020

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Page 1: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

PROMOTING AND DEVELOPING

THE REWARD PROFESSION AND PRACTICES

29 April 2020

Page 2: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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SURVEY RESULTS

The survey sample size represents feedback from 119 individuals in 115 organisations across private and

public sectors. Organisation size ranges from SMMEs to large corporates.

Page 3: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Page 4: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Page 5: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Page 6: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Page 7: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Page 8: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Page 9: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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We will not pay STIs in 2020 (38%)

We will pay STIs in 2020 if thresholds are met (25%)

We do not offer STIs (25%)

Uncertain if we will pay STIs in 2020 (12%)

Page 10: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Page 11: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Page 12: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Page 13: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Page 14: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Allow/apply for contribution holiday while continuing with death and disability

benefits (75%)

Allow employees to change contribution percentage (25%)

Page 15: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Working within the collective bargaining unit structures ahead of reviews (24%)

Nothing at this stage (24%)

We have already granted 2020 increases (21%)

Working with labour to defer implementation of wage increases (18%)

Meeting the conditions of the agreements, but will revisit if lockdown is extended or

business impact worsens (7%)

Negotiations started prior to lockdown – will continue with consideration to

affordability (3%)

We will need to renegotiate to prevent job losses (3%)

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Page 17: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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Page 18: 29 April 2020 - SARA Remuneration Actions...SARA SOUTH AFRICAN REWARD ASSOCIATION October November December only in 2021 We do not expect to return to normal May June July August ;eptember

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We

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