After more than a year of disruptions caused by the COVID-19 pandemic, finances are proving to be the main cause of employee stress, ranking higher than job, health and relationship stress combined. In South Africa, according to a 2019 survey by DebtSafe, debt-related stress is one of the key factors attributed to negative mental […]
Financial Literacy is learning how to understand your money and changing your behaviour as a result. Getting to grips with concepts such as budgeting, saving and debt may sound daunting but the more you know, and the more you learn, the better your financial decision-making will be. As April is financial literacy month, now is […]
Incentives rule the world. Ask any economist worth their salt and you’ll be bombarded with study after study that shows just how malleable human behaviour is to external incentives. As social creatures, trying to make our way through the world, we are responding to financial, social, and psychological incentives all the time. As a company, […]
Why are we paid at the end of the month or after 30 days of work? Simply put, the 30-day pay cycle is a construct that was conceptualised during the Industrial Revolution and we have kept this ever since – because the arrangement suits companies and their cash flow. This may benefit companies but this […]
South African Employees are facing a ‘Payday Poverty Cycle’! Why is that and what can be done to mitigate this?
Siya is a 28-year-old man working in Gauteng and earning a typical salary in his current employment as a call centre agent. Like many other working South Africans, he gets paid at the end of each month. During the month, Siya was confronted by a few unplanned expenses. His car broke down, and he had […]
A huge majority of businesses around the world have experienced some dramatic and not entirely voluntary digital transformation in a much shorter period than they would have anticipated. It has taken a world-changing crisis to fundamentally shift the way businesses operate, a shift which will cripple some but see others emerge far stronger. Amongst all […]