The strained South African economy has presented the HR sector with a tricky catch 22 situation. While employees may be on the hunt for increased earnings to keep up with the rising cost of living, employers face the struggle of keeping staff happy and motivated while their organisation regains its footing financially.

In light of the sluggish economic growth, high unemployment rate, and the country’s possible credit rating downgrades to junk status, many businesses have found themselves in a difficult position financially.

For those organisations who may be unable to meet the requirements of staff when it comes to pay negotiations, now is the time to ‘think differently’ when designing a strategy to increase morale, retain talent and keep delivering on business targets.

Keeping staff productivity high during tough times is a challenge facing many businesses. For this reason, it makes financial sense to review your employee benefit offerings to ensure you have an engaged and productive staff.

Master Builders KwaZulu-Natal are the administrators of the KwaZulu-Natal Retirement and Provident Funds. The risk benefits contained in the funds that we administer have been recently enhanced at NO ADDITIONAL COST to the member. The increase in benefits as well as reduction in costs has made the funds very attractive and highly competitive.

Current benefits are:

Funeral Benefits:           R 30 000 scale

Death Benefits:             5 x annual pensionable salary

Disability Benefits:         75% of monthly pensionable salary

Contact our Employee Benefits Manager, Vishane Pramrajh today to do an obligation free comparison of what we can offer to you and your staff for the same value that you are contributing to your current fund.

Vishane Pramrajh | Employee Benefits Manager