THE PAY GAP DEBATE: This is how executive salaries are determined
With many companies in the country going through retrenchments, some people have called for the salaries of executives to be cut.
The argument is that if the salaries of executives were reduced, companies would not have to retrench people.
Clement Manyathela speaks to PWC associate director Andreas Horak about what method is used to determine the salary of executives.
The rationale behind how pay is quantified normally takes an approach of two or three pillars that are typically measured as market practice.Andreas Horak, Associate Director - PWC
The one pillar would be the size of the business, then you would want to go and evaluate the complexity of the underlying business and then layer it further with the level of expertise.Andreas Horak, Associate Director - PWC
Chair of 21st Century Pay solutions and Executive member at South African Reward Association Dr Mark Bussin says the pay gap debate is very emotive in South Africa.
The pay gap in South Africa is about one in a hundred.Dr Mark Bussin, Chair - 21st Century Pay solutions and Executive member at South African Reward Association
The CEOs of these big schedule 2 entities earn about R5 million and they can earn R2.5 million in bonuses.Dr Mark Bussin, Chair - 21st Century Pay solutions and Executive member at South African Reward Association
Listen to the full interview below...
Source : https://previews.123rf.com/images/nateemee/nateemee1801/nateemee180100016/94286470-close-up-of-business-woman-investment-consultant-analysis-company-annual-financial-report-balance-sh.jpg
Dr Lekopane Mogaladi says there are a lot of omissions in Professor Malegapuru Makgoba's report.Read More
Ministerial Advisory Committee on COVID-19 vaccines virologist and chairperson prof. Barry Schoub reflects on the vaccine rolloutRead More
The Health Ministry says the the number of fatalities brings the death toll to 42, 550.Read More
Teased for requesting lime with your beer? The Advertising Regulatory Board says the message is that 'real men drink real beer'.Read More
'Dialogue with govt is not working so as a last resort we decided to lodge an urgent application' - Vinpro MD Rico Basson.Read More
'You can sell them for a lot of money or you can lease them if you want to make an annuity income!' - MyBroadband's Jan VermeulenRead More
A new harvest lies ahead and farmers are already paying to store unsold barley, 80% is traditionally destined for the beer market.Read More
Nutritionist and wellness coach Onicca Moloi says it is good to have a ginger and garlic tea-like drink in the morning.Read More
With no funding already set aside for the COVID-19 vaccination, Treasury has had to work with the Health Department to approve various deviation requests to ensure that monies were freed up for the programme.Read More
Economic Justice & Dignity Group Programme director Mervyn Abrahams says they have seen in an increase in prices of staple food.Read More