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Measuring the effect of happiness in the workplace

30 September 2015

While global human resources campaigns have been targeting employee engagement from a happiness perspective for quite some time, South Africa has lagged behind in this approach. Although local companies are slowly beginning to realise the impact of mental wellbeing and cheerfulness in the workplace, many still pose the question – how do we measure whether or not our employees are happy? Even more are asking – how do we measure whether or not we will get a return on investment from making our employees happy?

For financial success, spend - on employees

09 September 2015

When it comes to Human Resources, most companies budget for salaries, refreshments and, possibly, for skills development; but what about employee engagement? Often employees are an organisation’s greatest operational expense, yet rather than increasing salaries in an attempt to garner happiness (considering that remuneration has never been proven as an indicator of happiness), why not budget for true engagement that will lead to a productive workforce?

Certain deductions in favour of the employer can be made from your employees’ retirement savings when they retire or resign

07 September 2015

If an employee owes money to his/her employer as compensation for certain damages that they caused to the employer, the retirement fund that the employee belongs to may deduct that amount from the employee's retirement savings benefit on the date that his/her pension or provident fund benefit is paid out. This is either if the benefit pays out to the employee or the employee’s beneficiaries (If certain criteria are met). The employer may also claim the costs for the legal proceedings against the employee and submit a claim to the fund for these costs.

Pension fund deductions - What deductions can and cannot be made

27 August 2015

The deductions allowed under the Income Tax Act and the Maintenance Act are tax and maintenance orders. The Pension Funds Act allows a retirement fund to make the following deductions from the pension benefits of a member, after tax has been deducted:

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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