Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

earningsBDLive reports that executive directors awarded themselves considerably more than inflation-linked increases in pay during 2015, even as they called on workers to be responsible in their wage demands.  

PwC’s latest remuneration report, released on Thursday, showed that executive directors of the largest JSE-listed companies awarded themselves increases in total guaranteed pay of between 9% and 12%.  But, the report understates the full extent of the generosity enjoyed by executives, as it does not deal with variable pay, which can boost guaranteed pay between 30% and 200%, and which increased at much higher rates.  When it comes to shareholders getting value for money, the report shows the biggest losers are those in the mining sector.

  • Read this report by Ann Crotty in full at BDLive


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