The South African Reward Association (SARA) welcomes the decision made by Minister Lynne Brown on suspending the remuneration increases of the Eskom executives.
“We are all in the same boat and brand South Africa needs to be repaired. This can be achieved via many vehicles, one of which is better labour-management-government relations,” says Dr Mark Bussin, Executive Committee member at SARA. “As much as we welcome labour’s call for a balance between excessive wage demands and job security, we welcome Minister Brown's intervention on pay increases for executives. This is an opportunity for all to contribute to brand SA.”
“We acknowledge executive leadership’s conundrum of retaining and motivating top specialists and staff who achieve their business targets. When done though, we need to get better at showing the link between these pay increases and bonuses and the contribution made. Strengthening the link between executive and company performance, individual contribution and customer satisfaction and clear communication to stakeholders on these issues will go a long way to better understanding and relationships.”
Audio file caption: Dr Mark Bussin, Executive Committee member at the South African Reward Association, says it is important that communication is stepped up in order to better understand the link between pay and performance. To listen to the audio file, please visit this Dropbox link
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