Tag Archives | employee benefits

The gap is R18trillion

The second study into the gap in insurance cover in South Africa was released today in Johannesburg (17 November 2010). The study was conducted on behalf of Asisa (Association of Savings and Investment SA) by True South Actuaries and Consultants, co-authored by the Bureau of Market Research at Unisa. The first study showed a gap [...]

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What a basic employee benefits package comprises

What a basic employee benefits package comprises

Attracting and retaining competent staff in a competitive employment market may be one of the most challenging problems facing any employer. If designed correctly, an employee benefit scheme can be a powerful tool in achieving this objective. A well structured benefit scheme will consist of: • Retirement benefits in the form of contributions towards either [...]

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New Legislation Makes Business Travel Allowances not Worthwhile

New Legislation Makes Business Travel Allowances not Worthwhile

New legislation effective 1 March 2010, involving major changes to business travel rules, will make the payment of a travel allowance no longer worthwhile. This is according to Ron Warren, an acknowledged tax expert and Chairman of local payroll services company nuQ, who says that the percentage of a travel allowance to be subjected to [...]

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Employers and Employees Take Wait-and-See Approach to Retirement

Employers and Employees Take Wait-and-See Approach to Retirement

Neither Side is Managing Retirement Risk Properly A 2009 Benefits & Talent global survey by Aon Consulting has shown that many employees are waiting for an economic recovery before moving forward with retirement and employers are taking the same attitude with retirement program changes and risk issues. The survey found that a significant proportion of [...]

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