Tag: Memory Nguwi

 

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. […]
Nepotism in companies must stop

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 […]
“Follow your Dreams” is wrong career advice

“Follow your Dreams” is wrong career advice

I hear a lot of people when giving career advice even for high school students saying “follow your dreams”. This works in a few careers but does not work in many careers. Here is why. Instead in choosing a career people must be guided by their natural ability (aptitude/cognitive ability), interests, values and personality. As […]

Frequently Asked Questions on Employee Remuneration

Today we focus on frequently asked questions in relation to how employees are remunerated. These questions are often asked by employees and employers and in some cases by job seekers. 1. Who determines how much I should earn between the human resources department and my manager The manager should have input into how much their […]

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 […]
Show Buttons
Hide Buttons