Author: Kudzai Derera
Current market practice in setting employment contracts for Executive Staff
We recently undertook a survey on employment contracts for Executive staff. The purpose of this research was to understand the trends in executive employment contracts in Zimbabwe. We collected data from 39 organisations. The participants represented 15 economic sectors amongst them: manufacturing, mining, financial services, agro-processing and agriculture, transport and logistics, non-governmental organisations, quasi-government, and […]
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
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
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). […]
Nepotism in companies must stop
The results show that there is high prevalence of nepotism in Zimbabwean organisations. When asked to indicate the prevalence of nepotism in their current organisation, of 718 employees who answered this question, 31.3% said there is high prevalence of nepotism in their organisation, 30.1% indicated moderate prevalence, 24.9% indicated low prevalence and 13.6% indicated no […]
Company vehicle benefit: Is it still necessary?
Remuneration is at the heart of most governance problems. There are various cases locally and internationally to support this assertion. Those charged with crafting remuneration systems consider their personal interest first before that of the organisation and its shareholders. Some local organisations are in an embarrassing situation where they have to cut salaries because they […]
Executive Management – Board Relations Survey Report
Introduction This report is part of a series of research we do on a regular basis to assist business leaders and employees make better decisions that improve the performance of their organisations. The aim of this particular research was to understand the relations between executive management and board members. Summary of Key Findings Most […]
