At the recently held 2019 Reward Awards ceremony hosted by the South African Reward Association (SARA), Clicks Group won the Reward Project of the Year award for the second consecutive year while Nedbank won the Remuneration Report award. Sue Tosh won the prestigious President’s Award.
Attracting, retaining, motivating and engaging employees relies on the innovation and technical expertise of rewards professionals.
The annual awards celebrate the professionals who design reward structures that make a difference in their companies.
Reward Project Award
The 2019 SARA Reward Project award recognised the team from Clicks Group that enabled the company’s aspiration of providing medical aid benefits to all staff, especially their most vulnerable employees not covered by a medical aid scheme.
Clicks Group was congratulated for enrolling over 9000 semi-skilled employees onto a comprehensive medical aid plan, with their membership paid in full by the company.
Since implementation, labour turnover has reduced by 29% and there has a been a significant improvement in overall staff morale.
In this project, Clicks demonstrated how they addressed a core staff need and used their bargaining power to provide a key benefit for their employees and their families.
The other placed nominees of the 2019 SARA Reward Project of the Year award were MultiChoice in second place, and Investec in third place.
Remuneration Report Award
The winner of the 2019 SARA Remuneration Report of the Year award, amongst an excellent number of nominees, is Nedbank.
Tiger Brands received 2nd Place and Sasol received 3rd place for their submissions.
This award recognises organisations for how well they have demonstrated compliance with the King IVTM principles through clear and concise disclosure of the company’s remuneration philosophy and its application.
Submissions were evaluated by a panel of judges and specific focus was given to how organisations report on the remuneration detail such as fixed and variable pay.
A special President's Award that honours outstanding achievement in the field of reward was awarded to Sue Tosh.
Throughout her career, she has been a highly respected remuneration practitioner at large listed companies and has contributed personal leadership as well as building effective and valuable reward teams within her organisations.
Sue has built and led a team of highly engaged and dedicated professionals that are part of the Group’s Centre of Excellence in Human Capital, providing advisory services on all aspects of remuneration, benefits, recognition and cross-border mobility enabling the Group’s talent plans.
During her seven-year tenure at Standard Bank Group, Sue has been instrumental in improving remuneration governance and has made significant improvements to the Group’s remuneration report.
In this regard, Standard Bank has become the benchmark in the financial sector and was recognised by SARA, winning the award for the Best Remuneration Report in both 2014 and 2018.
Through the Reward Awards, SARA aims to recognize and celebrate companies who create reward structures that are transparent, fair and responsibly reward employees and executives for their effort.
The association hopes to inspire industry best practice and rewards that help companies and their employees achieve success.
MEDIA CONTACT: Rosa-Mari Le Roux, 060 995 6277, email@example.com, www.atthatpoint.co.za
For more information on SARA please visit:
LinkedIn: South African Reward Association
Facebook: SARA – South African Reward Association
Welcome to the South African Reward Association newsroom.