Streaming issues? Report here
Clement Mnayathela 1500 x 1500 2020 Clement Mnayathela 1500 x 1500 2020
The Clement Manyathela Show
09:00 - 12:00
volume_up
volume_mute

Up Next: The Midday Report with Mandy Wiener
See full line-up
The Clement Manyathela Show
09:00 - 12:00
Home
arrow_forward
Local

Most SA companies looking at cost-cutting measures, study reveals

24 April 2020 1:49 PM
Tags:
Economy
Companies
Lockdown
south african companies

Clement Manyathela spoke to Willis Towers Watson SA director Melanie Trollip to find out more.

Business Live has reported on a survey by Willis Towers Watson, which reveals how three-quarters of businesses in South Africa are considering cost-saving initiatives such as redundancies and salary freezes as they navigate the economic crisis brought about by the COVID-19 outbreak.

According to the survey, 72% out of 412 South African businesses that were quizzed said they were already looking at cost-saving measures, with almost half of those saying they would stop the process of hiring new staff.

Clement Manyathela spoke to Willis Towers Watson SA director Melanie Trollip to find out more.

Apart from all of the cost-saving activities that companies are now implementing - that is an immediate reaction to the impact of the lockdown and COVID-19 but as far as the future of work is concerned - I think the whole employee-employer model is going to change.

Melanie Trollip, Director - Willis Towers Watson SA

Organisations are definitely going to look at it; if they have a recruitment freeze, they are going to look at servicing their resource requirements to free agents, artificial intelligence and automation and so on.

Melanie Trollip, Director - Willis Towers Watson SA

Click on the link below to hear the full conversation....


24 April 2020 1:49 PM
Tags:
Economy
Companies
Lockdown
south african companies

More from Local

international-travel-tourism-airport-borders-flight-destination-tourist-123rf

International travel regulations: 'Complexity, complexity and more complexity!'

30 September 2020 8:51 PM

Govt publishes list of high risk countries after mistakes made at the press briefing. Flight Centre's Andrew Stark responds.

Share this:
Read More arrow_forward

graduates-graduation-degree-diploma-university-higher-education-tertiary-123rf

4IR has changed the way higher education institutions teach - Prof Marwala

30 September 2020 7:00 PM

Vice-Chancellor of the University of Johannesburg Prof Tshilidzi Marwala says academic results have improved due to online learning.

Share this:
Read More arrow_forward

200731-blade-nzimande-edjpg

Nzimande says SA needs to develop a comprehensive COVID-19 vaccine strategy

30 September 2020 5:04 PM

Higher Education Minister Blade Nzimande gave a media briefing on how universities will come back.

Share this:
Read More arrow_forward

South African Airways SAA 123rf 123rfbusiness

SAA suspends all operations with immediate effect

30 September 2020 2:54 PM

Founding partner of BHK Crisis Communications Linden Birns says the airline will struggle to get investors in the future.

Share this:
Read More arrow_forward

200930-mkhululi-lukhele-edjpg

David Makhura suspends top health official over COVID-19 graft

30 September 2020 2:08 PM

The premier has taken the decision against HOD Mkhululi Lukhele based on SIU report into corruption related to PPE tenders.

Share this:
Read More arrow_forward

Boy hands tied up rope kidnap child abuse hostage violence trafficking 123rf

Racism as violence: 'We focus on response and not transgression,' says activist

30 September 2020 11:51 AM

Callers weighed in with a shared point that racism is an act of violence that strips people of their self-worth.

Share this:
Read More arrow_forward

Paedophile sexual abuse children 123rflifestyle 123rfhealth 123rf

Parents and community urged to work together to curb child abductions

30 September 2020 11:46 AM

Advocacy manager for Women and Men Against Child Abuse Ngaa Murombedzi says under-reporting impacts child kidnappings.

Share this:
Read More arrow_forward

judy-dlaminijpg

It is pathetic that people stole during COVID-19 pandemic - Dr Judy Dlamini

30 September 2020 8:03 AM

Mbekani Group founder and businesswoman reflect on the pandemic and how people can become job creators during these times.

Share this:
Read More arrow_forward

bmw-adpng

Will BMW need to pay up for 'appropriating' local muso's song for Gusheshe ad?

29 September 2020 8:42 PM

BMW's Heritage Month campaign features a Kwesta hit which samples another band's music. Advertising expert Andy Rice weighs in.

Share this:
Read More arrow_forward

Road Traffic

High court to hear application to have Aarto Act declared unconstitutional

29 September 2020 4:54 PM

The executive director of Outa’s accountability division, Stefanie Fick, says the Auto Amendment Act has not worked in 10 years.

Share this:
Read More arrow_forward