The effect of the Covid-19 pandemic and the resultant lockdowns that have been imposed by governments around the world have left few businesses and industries unscathed.
In SA, a shrinking and uncertain world economy is even more discouraging, given our already struggling domestic economy. Though the survey was limited in its reach , it is clear the lockdown is having a significant material effect on local businesses. Besides retrenchments, the easiest way to cut salary costs is to cancel bonus payments, limit salary increases or even reduce salaries. This, unfortunately, can lead to an unmotivated and underincentivised staff complement. Thus a critical question to consider is how to successfully implement a recovery strategy or continue to grow the business in this context.
Given the current environment, it is critical that management and employees are incentivised to assist in efforts to ensure the business successfully navigates through this crisis period. Share incentive schemes are an innovative opportunity for employees to participate in the recovery of the enterprise once it returns to business as usual.
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Grade 7 pupils, teachers test positive for Covid-19 in North WestThe number of confirmed Covid-19 cases in the North West education system has increased to 12, said the department. Is it possible to know how many of them are actually sick? As opposed to just infected? I saw this coming i wonder how many pupils are affected. This is so unfair to our kids. This is not the end of it🤔🤨🤦🏻♂️
Source: TimesLIVE - 🏆 28. / 59 Read more »
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