Thank you for signing upDear Reader, A Note Concerning Privacy, Spam, Filters, BlackLists, and Whitelists… You also might be wondering how we’re going to use your e-mail address. Please note that the security and privacy of your e-mail address is assured. We will NEVER sell or rent your e-mail address under any circumstance. Additional information can be found on our Privacy Policy. Additionally, in light of today’s use of spam filters and blacklists, we strongly encourage you to “whitelist” us to ensure that your E-Letter is delivered without fail.. Thanks for joining us. It’s an exciting time here at Fleet Street Publications and you couldn’t have joined at a better point. To ensure that you receive all our tips, tools and advice we will be sending you an email to confirm your email address. It should be arriving in your inbox shortly and all you need to do is click on the confirmation link. You’ll also hear from me from time to time. I’ll keep you updated on the latest opportunities and promotions, their support helps keep our e-letter free. And when our newest research and content is available online, I’ll be the first to let you know. Best regards,
Annabel Koffman |
Your employees are expecting year-end bonuses!
Labour Bulletin | 29 October, 2009 | Hot Topics:
Dear Reader,
It’s bonus time! As an employee all I need to know about bonuses is whether or not I’m going to get one. Needless to say I certainly hope so! Bonuses mean so much more to you as an employer. It’s not as simple as “yes, we’ll pay bonuses” or “no, no bonus this year!”
My company bases bonuses on performance. This is just one of the types of bonuses there are. You need to decide what bonuses you’ll pay, if you’ve agreed to pay, when you’ll pay, how you’ll work them out etc etc...it’s not a quick process!
3 reasons you must pay bonuses
Even though times are tough, you should still pay bonuses if you can afford to. Here are three reasons why:
• Motivate your current employees
• Make your company attractive to potential employees
• Make sure skilled and valuable employees stay at your company
You’ve promised bonuses, but can’t pay them, what now?
But, what if it’s financially impossible? There are four steps you must follow if you’re not going to pay bonuses and your employees are expecting you to.
Step #1: Give affected staff advance notice in writing
Step #2: Give your employees at least 24 hours to comment and formulate their own solutions and proposals
Find out the other two steps to avoid your disgruntled employee winning at the CCMA. Chapter B03: Bonuses, in your new update will give you all the advice you need. Not yet a subscriber? Find out how you can get practical and up-to-date labour advice here.
We have a winner!
Congratulations to Darryl Clayton from Innovative Ingredients (Pty) Ltd. He’s won our invaluable 169 Job Descriptions Toolbox worth R7 999. All he had to do was complete a quick survey...time well spent!
Until next month...
Sarah-Jane Bosch
Managing Editor
Labour Law for Managers Practical Handbook
Practical Guide to Human Resources Management
Enjoying this article? Sign up for our free daily email, Labour Bulletin, to receive tips tools and advice to solve all your labour problems - Delivered to your inbox every weekday. Sign up to the Labour Bulletin.
Editors note
Michelle Govender
Labour Bulletin Editor
The Labour Bulletin team speaks to subscribers every week on landmark labour events and offer valuable and practical information from the Handbook, from questions and answers and from our experts that subscribers can use now to benefit their business.
