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The case for employee benefits is a strong one, but many employers perceive them to be a huge challenge. As a result, many simply don’t offer them, or allow their schemes to languish. It doesn’t have to be like that.
While the rest of corporate South Africa continues to focus on employee engagement through physical wellness campaigns, one South African company is taking wellness a step further by following international trends, focussing on emotional health. Why? Because mental wellness plays an integral part in employee happiness which, in turn, affects productivity.
Aon Hewitt survey shows that South African organisations are concerned about the effectiveness of their employee benefit communication.
Desperate times call for desperate measures. When money is tight and debt is high, people will think of any reason to get their hands on their retirement fund benefits, even before they are actually supposed to start drawing on it. It is not surprising that many people see resigning from their employers as the solution to their cash-strapped dilemma when they heard the rumour that Government is going to stop them from accessing their retirement fund benefits before their actual retirement. Add to this the other rumour that Government is going to nationalise retirement funds, and you suddenly see all the signs pointing towards your early exit from your retirement fund. How else can we as members of retirement funds make sure that our money remain ours? Where else can he get money to settle our debts now? Forget about saving for “one day”; the only thing that matters now is “today”.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?