PwC's Remchannel

Are your short-term incentives effective? Participate in our flagship survey to benchmark your practices

The complexity of short-term incentives continues to grow exponentially, with the structure needing much explanation detailing the drivers and their respective weightings, as well as the associated thresholds, targets and stretch levels. The unstable economic environment, and now the impact of COVID-19, have further complicated these matters, as it becomes increasingly difficult to meet these targets and guarantee pay-outs as a key performance driver.

The 2020 short-term incentives questions focus on:

  • Scheme design
  • Bonus delivery mechanisms and measures of performance
  • The actual Rand quantum benefits enjoyed per defined employee category
  • Trigger points for bonus payments
  • Deferral of bonus payments
write up

 How?

To participate in this prestigious survey or obtain a copy of the index contact Lisa Tamkei. REMchannel participants will be able to participate in the survey at a reduced fee.

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Internal pay equity - regulators step in

The Department of Labour has amended the Employment Equity Regulations to include an updated EEA4 form applicable to designated employers. It also serves as the format for an Income Differential Statement which must be submitted annually in October to the Department of Labour.

Learn more about these changes and how we can assist you.

Click here to read more

 

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Rene  Richter

Rene Richter

Partner, PwC South Africa

Tel: +27 (0) 11 797 5067

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