Responding to reports that the Congress of South African Trade Unions (Cosatu) will encourage its member unions to balance wage demands with job security, the South African Reward Association (SARA) has applauded this move.
“This is a great step in the right direction,” says Dr Mark Bussin, Executive Committee member at SARA. “Executives and management could match this statement by showing pay increase restraint for themselves and articulating concisely what was achieved to earn bonuses. We need to strengthen the link for the average person to believe in the concept of bonuses.”
The South African Reward Association shapes the industry and professionals that determine how people are paid or rewarded for the work they do.