INSIDE YOUR BUSINESS: Salary negotiations - Win-win solutions for start-ups, Teams.
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Like their global counterparts, South African companies and workers are grappling with a worsening economic outlook as we move into the second half of 2022. And as the season for salary and incentive negotiations near, both parties have to grapple with the question of what constitutes fair compensation in light of the prevailing climate.
As much as employers will want to keep pace with inflation, the pressures are many and varied, and margins remain compressed. Companies will likely want to play it safe and hold back on substantial increases and bonuses to keep the balance sheet stable during these uncertain times.
As much as employers will want to keep pace with inflation, the pressures are many and varied, and margins remain compressed. Companies will likely want to play it safe and hold back on substantial increases and bonuses to keep the balance sheet stable during these uncertain times.
