Remuneration firm encourages participation in the annual SA salary increase trends survey

One of the biggest costs in many organisations is the salary and wage bill. Salary increases exert a very real financial pressure on organisations, who embark on this sensitive balancing act annually – finding the fine line between inflationary increases, on the one hand, and the need to ensure that employees’ increases are market-related, on the other hand.

21^st Century is encouraging companies to participate in this important survey. The content of this nationwide survey will be of great benefit to organisations when it comes to making fair and competitive decisions with regard to salary increases. The report covers:

• Actual market data reflecting companies’ previous and projected increases
• Salary Progression criteria applied
• Reward approach for the next year
• Labour turnover data
• Economic research on the Wage Gap
• What is “real” inflation?
• Cost of living in South Africa
• Definitions and explanations of key economic factors that play a role in deciding on increases
• A guide on how to approach increases

Armed with this knowledge organisations will be in a position to make informed remuneration decisions that will keep employees happy – whilst balancing costs – and will keep the South African economy competitive.

NB: 21^st Century salary survey data is highly confidential. Under no circumstances would any individual information or any company-specific information be disclosed to any other participant.

For more information on South African Increase Trends Survey – April 2018 go to http://www.21century.co.za/increases-snap-survey/ or contact 21^st Century at 011 447 0306.

To talk to 21^st Century and to discuss thought provoking content contributions, please contact Bronwyn Levy on (011) 467 9233.

Supplied