A number of experts will look at remuneration in the current economic climate.
South Africa has a large and growing wage gap and the conversation around organisation-specific Gini coefficients (i.e., the pay gap between executives and employees at the lowest end of the pay scale) is attracting shareholder interest. This is particularly the case taking into account the Covid-19 pandemic, during which many executives received bonuses amid widespread job cuts across sectors affected by the virus.
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In a session titled That age old debate: A deep dive into executive remuneration, Julia Fourie, head: group reward at Sanlam, Jon Foster-Pedley, dean at Henley Business School, and Paul Steenkamp, founder and CEO of Jack Frost, will share their views on executive remuneration in the current climate.
According to Julia, the executive talent labour is very small and as a result, executives have higher negotiating power, whereas the lower roles are easier to replace.
Another session dealing with money matters looks at why HR should be concerned about employees in financial distress.
Given the current economic climate, most employed South Africans cannot afford their monthly living expenses and debt obligations. Many believe this is an employee wellbeing problem with employer consequences, because employees who are in financial distress struggle to be productive, are disengaged, and unable to maintain positive workplace relationships.
Bayport Financial Services CEO Alfred Ramosedi will unpack the problem using real-life examples and data, exploring potential solutions for this widespread problem.