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, […]
South Africa set an unwelcome world record when our unemployment rose to a record 34.9% in the second quarter, which would be the highest of 83 countries tracked by Bloomberg. With this being said, South Africa was already facing an economic crisis and unemployment disaster prior to the pandemic. Covid-19 was simply the catalyst which […]
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 […]
COVID-19 is an unprecedented crisis for South Africans and indeed people all around the world. The drastic measures being implemented by our government to combat the risks posed by the virus, while welcome and necessary, will no doubt cause a great deal of hardship for many people across a country already struggling with a raft […]