Monthly Archives: August 2017

 

Companies seriously need to reconsider their remuneration systems

The biggest challenge facing Zimbabwean organisations today is to manage wages and salaries against the worsening economic environment. This is the time for the country, industry and individual organisations to rethink their remuneration systems. The major problems which I have alluded to in my previous articles are that wages and salaries are based on grade […]

Why Zimbabwean Products are not Competitive- A Productivity Perspective

The OECD defines country or national competitiveness as “the degree to which a country can, under free and fair market conditions, produce goods and services which meet the rest of the international markets, while simultaneously maintaining and expanding the real incomes of its people over the long term.” In order for Zimbabwe to achieve this […]

Remuneration Challenges & Recommendations – A Country Perspective

Country Wage System overview Staff costs take a big junk of what every business generates in revenue hence the high level of attention it attracts from senior corporate leaders and shareholders. Despite the significance of optimal staff costs in running a successful business most organisation have no coherent strategy to harness the value from what […]
Why Performance Management is a waste of time and resources

Why Performance Management is a waste of time and resources

In most organisations, performance management is a waste of time and resources. Whilst most organisations claim to use some form of performance management systems very few have realised the full benefits of such a system. The major reasons for failure of performance management systems is poor design and implementation and general lack of political will. […]

Public Entities Corporate Governance Bill: What can be improved?

While the government should be applauded for taking steps to address corporate governance issues in public entities through the Public Entities and Corporate Governance Bill, it should be noted that the major perennial problem with state entities has not been lack of legislation to deal with violations of standards, but lack of political will to […]
Why do Employees prefer: A Good Boss or Good Remuneration

Why do Employees prefer: A Good Boss or Good Remuneration

Contrary to previous research findings that indicate that employees opt for a good boss when asked to choose between that and good remuneration; our findings this year seem to contradict these findings. About half of the participants (50.3 percent) said they would rather have better remuneration (salaries and benefits) than a good boss (immediate manager). […]
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