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South African businesses are losing up to a staggering R89 billion per year due to unproductive employees. This is according to new research by Momentum Corporate, which reveals that presenteeism - the phenomenon when employees are at work but not productive due to distractions - is costing these businesses 5% of Gross Operating Profits (GOP)1.
In the modern world of work, there is an increasing need for employers to provide adequate employee benefits. When it comes to group risk cover, it’s becoming increasingly important to find a solution that matches the needs of everyone in a business.
The findings of the 2017 Old Mutual Disability Monitor show that recent economic challenges, along with rising lifestyle concerns, are resulting in an increasingly stressed workforce, putting South Africans at a high risk of injury and illness.
Disappointing GDP figures for the first quarter of 2018 show that Ramaphoria has not yet impacted the real economy, says Citadel Chief Economist and Advisory Partner Maarten Ackerman.
The strongest deterrent against FSP compliance missteps is or should be: